Varel Mining and Industrial is changing its name to Terelion. The new brand will continue to design, manufacture, and deliver quality drill bits and complementary products for its blasthole drilling clients around the world.
With the recent sale of their oil and gas division, Terelion has developed a new business strategy allowing them to focus solely on the mining industry. While rotary drill bits and down-the-hole products for surface mining will be the core part of their business, drill bits for water well, construction, and other industrial applications will also be included in the Terelion portfolio.
“Terelion will continue to build on the proud heritage of the Varel brand,” said Terelion’s President David Harrington. “Refining our product line allows us to strengthen our R&D and marketing efforts, while continuing to supply world-class products and services for our mining customers.”
With an established presence in all the major surface mining markets around the world, the company is already well placed to serve its global customer base. They are looking forward to a phase of dynamic expansion, innovation and collaboration with stakeholders.
Read the article online at: https://www.globalminingreview.com/finance-business/10112020/varel-mining-and-industrial-changes-name-to-terelion/