Home
Weblog Case Histories Books Shop Amazon  Member Survey Advertise
Buyer's Guide News Help Forum Ask Joe! Jobs Videos Online Training

Search

News Center Links

 News Center Home

 
  Industry News
  Case Histories

More Links

  Industry Directory
 
Online Training Center
 
Video Center
 
This Week's Newsletter
 
Powder & Bulk Weblog
 
Ask Joe! Archive
 
Trade Shows & Events
 
Industry Associations
 
Journals & Magazines
 
Bulk Density Tables
 
Sieve Chart
 
Tank Size Calculators
 
Newsletter Archive
 
Add Your Company
 
Add Your Resume
 
Contact Us

Sign Up Free!

Click here to read past issues
Industry Newsletter

Enter your business email
address & click to sign up
Read Past Issues Here

Featured Book
From
Amazon

Click here for more

Free Shipping
on all orders over $25.

 
 
Industry News


Veyance to acquire National Belt Service
By Veyance Technologies
Jun 10, 2008
  E-mail article
Printer friendly page
  .
BIRMINGHAM, AL -- For the second time this year, Veyance Technologies, Inc., is broadening its conveyor belt installation, splice and repair service footprint to support coal producers. The world’s No. 1 conveyor belt maker and exclusive manufacturer and marketer of Goodyear Engineered Products has signed an agreement to purchase the assets of National Belt Service, or NBS, based in Bessemer, AL, with additional operations in Wheeling and Charleston, WV, and Atlanta, GA.

Considered to be one of the leading U.S. conveyor belt service providers, NBS employs about 75 associates and has annual revenue approaching $20 million. “Our expanding presence in services helps us provide our distributors and their customers with value-added support,” said Bret Hall, Veyance’s general manager of industrial services. “This acquisition gives us a more comprehensive conveyor belt solution for end users.”

According to Hall, Veyance will have the ability to provide services throughout the United States and Canada following the acquisition. In February, Veyance purchased Monk Mining Supply, a coal mining conveyor belt service company based in Tazewell, VA. He said NBS, like Monk Mining, is a recognized and respected name in the industry. NBS provides Veyance with installation, splicing, monitoring, repair, on-site training and troubleshooting capabilities.

Veyance’s growth in the coal mining service industry complements its Goodyear branded conveyor belt and splice kit lineup. Involvement in more facets of conveyor systems gives the company additional expertise that accelerates its product development and technology, said Hall.

“Our direct link to belt installations and repairs also strengthens a mine’s preventive maintenance program, which can improve its production schedule,” he added. Hall stressed that Veyance's entry into conveyor belt services for coal mines is complementing its existing network of authorized distributors. “Our distributors are the core of our marketing strategy and that won’t change”

He explained that linking NBS services to Goodyear-branded belt sales gives distributors a comprehensive package for mine operations. “The support that they can provide to their coal mine customers expands as we grow our service offerings.”

NBS has operated for more than 17 years. Current owners Billy Sibley, John Henley and Ray Gilker will remain with the organization to ensure consistency of customer support. The NBS acquisition will expand Veyance’s coal mining industry support that began in 1913 with the production of the first Goodyear-branded conveyor belt. In addition to NBS and Monk, Veyance recently acquired a Georgia conveyor belt fabric manufacturer, renaming it Specialty Fabrics & Converting, and formed the joint venture Shandong Aneng Conveyor Belt & Rubber Co. that has become China’s leading manufacturer of conveyor belts.

In April, Veyance began construction of an $18 million expansion at its flagship conveyor belt plant at Marysville, Ohio, to add new process technology and equipment for heavy-duty conveyor belts. Veyance Technologies has 35 manufacturing facilities worldwide and employs 9,000 associates. Along with conveyor belts, Veyance manufactures and markets Goodyear-branded industrial and automotive products, including power transmission belts, hose, hydraulics, rubber track, air springs and tensioners, as well as metal sprockets, fittings and couplings.

Source: http://www.goodyearep.com/


© Copyright 1998 - 2012 Powder and Bulk Dot Com

Top of Page

 
Send news and case histories to:  news@powderandbulk.com
 
 

 

I Search News I



I Live Newsfeed I

Increase traffic and add
content to your website
with our exclusive
newsfeed generator.

Our live newsfeed
allows you to
include news
headlines from our
News Center, right
on your homepage.

Headlines update in
real-time, automatically.

Click here to create
your own newsfeed!

 

 

 
 
I

Buyers Guide | News | Help Forum | Ask Joe! Column | Jobs | Resumes | Newsletters

Weblog | Case Histories | Books | Shop Amazon | Member Survey | Advertise

.

Copyright © 1998-2011 Camber Southeast, Inc.
Web Site:  http://www.powderandbulk.com
Privacy Statement

I
Home