new announcement out

Sounds like more revenue streams to come:)


Industrea appointed exclusive China agent for Marathon RL run flat tyre technology
• Industrea’s China subsidiary Wadam Industries appointed distributor in China for Marathon RL (rubber liner) Insertion Machines and Marathon RL run flat Inserts under exclusive three-year agreement
• Marathon RL run flat tyre technology selected for new Industrea Mining Equipment (IME) 80 tonne longwall roof support Chock Carrier and 130 tonne Shearer Carrier due to safety, performance benefits
• Strong demand expected from Chinese underground coal industry for producers seeking cost-effective solution for flat and damaged tyres
Industrea Limited (ASX:IDL) today announced its appointment by Australia’s Marathon Tyres, a subsidiary of Alesco Corporation Limited (ASX:ALS) as the distributor in China for its RL (rubber liner) Insertion Machines and RL run flat Inserts, adding to Industrea’s range of leading mining productivity and safety equipment.
The exclusive agreement signed with Industrea’s China subsidiary Wadam Industries Pty Ltd is for a three-year period through to September 2012.
Manufactured in Newcastle by Marathon Tyres, the reusable rubber inserts featuring internal honeycomb tubes of air, offer significant benefits to the mining industry by eliminating flat tyres, increasing mileage and reducing the risk of accidents.
Industrea Managing Director and CEO, Robin Levison, said the company anticipated strong demand from its clientele of leading Chinese underground coal producers for the new product, which would further strengthen Industrea’s market leadership.
“Industrea is determined to stay at the forefront of technological innovation in mining productivity and safety equipment, as shown by our world-leading longwall roof support carriers, underground directional drilling and methane gas drainage and collision avoidance systems.
“After extensive research, we chose the Marathon RL run flat Inserts for use in our most technically advanced 80 tonne roof support carriers and 130 tonne Shearer Carriers. That process led us to further discussions with Marathon Tyres to sell its innovative products into China,” Mr Levison said.