VLI's long term global strategy is to provide our customers with the world's best technology and service solutions. We believe that our technology should always be setting new benchmarks in productivity and safety maximisation and importantly cost minimisation.
To help us achieve this objective we will continue to aspire to the following principles.
To ensure future growth VLI will need to identify and generate new business opportunities. This will be achieved by developing new customer relationships, by expanding our geographical presence and by broadening our product and service capabilities.
Our approach to developing the business recognises our geographic diversity. In Australia, Valley Longwall is an established market leader, whereas in other locations we are seen as an emerging international company.
Our strategy for Australia will be to continue to expand and diversify our operations by identifying new opportunities that are close to our established core business.
Internationally, we will focus on select locations, customers, products and services to develop our market position as a preferred supplier.
Further acquisitions will also play a key role in our overall growth strategy. Our focus in this area will be on businesses that provide complementary products and services that fit well within our existing core business structure across the three divisions.