LeTourneau Signs Exclusive Supply Agreement
- Publishing Date
- 16 Dec 2008 4:22pm GMT
- Author
- Mining Magazine
Loading & Hauling
Rowan Companies, Inc. has announced that its wholly owned manufacturing subsidiary, Le Tourneau Technologies, Inc. has entered into a five-year global strategic alliance with Companhia Vale do Rio Doce, the world’s second largest diversified metals and mining company.
Under the agreement, Le Tourneau will be Vale's exclusive supplier of large front-end loaders, including all models from the L-950 to the L-2350, and will also provide spare parts, maintenance and repair services to Vale worldwide. Le Tourneau’s current order backlog includes two L-1850 loaders ordered by Vale under the agreement.
Dan Eckermann, Le Tourneau’s President and Chief Executive Officer, commented: "We are delighted that Vale has chosen us as its exclusive supplier of large front-end loaders. This significant agreement validates Le Tourneau’s long record of delivering quality mining products on time. We believe that this alliance will be mutually rewarding for many years to come."
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