That's right, this train just will not stop. Management deserve...

That's right, this train just will not stop. Management deserve massive ups for the work they are doing and in-roads created to the Chinese market, I can see $1 coming sooner rather than later with these continued contracts and expansion of product deals:

Industrea named exclusive China agent for Filter

Technology Australia filtration systems
• Industrea’s China subsidiary Wadam Industries appointed distributor for Filter Technology Australia filtration systems in China and Mongolia under exclusive three-year agreement
• Strong demand expected from Chinese coal industry and across the mining, construction and heavy equipment industries
• Builds OEM product range for Industrea’s China product support centre
• Continued growth forecast in Chinese business with more than $33m of new product contracts secured since the start of financial year 2010
Global mining products and services provider Industrea Limited (ASX:IDL) today announced its appointment as the distributor in China and Mongolia for Filter Technology Australia filtration systems, adding to the company’s range of ‘best of breed’ mining productivity and safety equipment in the world’s top resources market.
The exclusive agreement with Industrea’s wholly owned Beijing-based subsidiary, Wadam Industries Pty Ltd, is for a three-year period through to October 2012 for the filtration technology in the mining, construction and heavy equipment industries.
Filter Technology Australia’s filtration systems are manufactured in Newcastle, NSW, for use in hydraulics, final drives, gearboxes, engines and fuel delivery systems. The filtration systems are capable of reducing particle contamination by up to 90 per cent, thereby reducing maintenance costs, increasing the availability of heavy equipment and extending component life.
Industrea Managing Director and CEO, Robin Levison, said that Industrea expected strong demand from its clientele of leading Chinese coal producers for the system.
“Industrea has become the supplier of choice to the Chinese underground coal mining industry for advanced mining and productivity and safety equipment, and we are delighted to add these innovative Australian-made filtration systems to our suite of products,” Mr Levison said.
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“This technology will also open the door to new industry sectors for Industrea, allowing us to further leverage the investment in our Chinese product support centre established earlier this year.”
He said the appointment followed Industrea’s exclusive agreement announced in September 2009 as China agent for Marathon RL run flat tyre technology, demonstrating the company’s ability to remain at the forefront of technological innovation.
Filter Technology Australia Managing Director, Brian Bondi, said the company was confident Industrea’s leading market position in China would facilitate rapid product rollout.
“Filter Technology Australia considers the fast-growing Chinese market to be crucial for the company’s long-term success. Industrea is used to working with the most advanced products in their field and we see them as the perfect partner, given their established base in China and excellent reputation for customer service and delivery,” he added.
The Chinese economy grew at a world-leading 8.9 per cent in the September quarter, with Industrea clients such as China Shenhua Energy Company increasing coal production by 9.5 per cent in response to growing energy demand.
Mr Levison said Industrea was committed to the Chinese market, with its attendance at the upcoming China Coal and Mining Expo 2009 in Beijing expected to generate further sales leads and product orders.
“China’s economic transformation is generating rapid growth for Industrea, and by constantly upgrading our product offering we are in an excellent position to secure both new equipment orders and recurring revenue from maintenance and support. The more than $33 million in new product contracts won since the start of the FY2010 financial year are indicative of the potential for our business, and we see a strong outlook for the year ahead,” Mr Levison said.