VLI Centre of Excellence will contribute
significantly to Newcastle economy
Valley Longwall International (VLI), a market leader in the supply of specialised equipment and allied services to the coal mining industry, today officially opened its recently completed Centre of Excellence which will serve as its Australian headquarters and will contribute an estimated $150 million to the local economy.
"The Centre of Excellence will provide a major boost to the local Newcastle economy and it will be our centre for developing new technology and driving safety improvements and training for our employees who work in the longwall coal mining industry" said Mr. Brett Lynch, CEO of VLI.
The Centre of Excellence will house over 200 staff, with more than 12 Research and Development staff at the Beresfield site.
VLI operates both in Australia and in overseas markets, including China and the USA. VLI specialises in drilling, diesel and conveyor systems generating over $60 million in exports and is currently experiencing a compound annual growth rate of sales of 10 per cent.
"The Centre of Excellence will ensure VLI is well positioned to continue to service its growing client base and to build on opportunities, both within Australia and the Asia Pacific region. This is great news for the local and domestic economy," said Mr. Lynch.
The official opening is celebrated with the NSW Minister for Resource and Energy, The Hon. Chris Hartcher MP, as well as local Members of Parliament and a high level delegation from China's Taiyuan Mining Machinery Group Coal Machine Co Ltd (TMG), a major shareholder of VLI based in the Shanxi Province.
Mr. Lynch said: "Australia will remain home for VLI's research and development centres covering underground diesel equipment, drill rigs and bulk materials handling equipment".
"VLI's global strategy is to provide coal mining operators with the world's best technology, safety and service solutions. VLI is committed to delivering high quality, innovative solutions for all types mining, transportation and bulk materials handling industries. That is why VLI's has invested in developing our new Centre of Excellence" said Mr. Lynch.
About Valley Longwall International:
VLI is an Original Equipment Manufacturer (OEM) supplying technology to the underground coal mining industry, open-cut mining industry, ports, agricultural enterprises and certain manufacturing facilities.
VLI is an Australian-based company founded through the merger of a number of small enterprises that specialised in the manufacture and service of different but complimentary equipment.
VLI operates manufacturing facilities in Australia, China and the USA and exports equipment to China, USA, Mexico, Russia, Central Asia and India.
VLI is composed of four main technology areas, In-Seam Directional Drilling Technology and Services, Underground Diesel Technology, Bulk Materials Handling Technologies and Hire Services.
VLI's new Centre of Excellence will bring together all components of the Group under one manufacturing and service facility, will serve as VLI's worldwide headquarters and be the base to support all customers both domestically and internationally.
In 2011, VLI was purchased by the TZ Coal Mining Machinery Company (TMG), a major manufacturer of mining equipment from the People's Republic of China. The signing ceremony was overseen by the Prime Minister and a senior Chinese Government representative on 1st April 2011 in Canberra.
TMG is part of the much larger Taiyuan Heavy Machinery Group (TZ Group) which has some of the largest Chinese coal mining companies and support companies as shareholders, with board representation.
TMG generates revenue of A$2bn and employs approximately 2,600 employees, including 400 engineers and provides a significant percentage of the domestic Chinese market, primarily Shanxi Province, with coal mining machinery.