Varel Mining and Industrial is changing its name to Terelion, as the drilling company looks to focus solely on the mining sector.
The new brand will continue to design, manufacture, and deliver quality drill bits and complementary products for its blasthole drilling clients around the world, it said. Terelion is headquartered in Carrolton, Texas, USA, and is a wholly-owned subsidiary of Sandvik Group.
“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,” the company said. “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’s President, David Harrington, said: “Terelion will continue to build on the proud heritage of the Varel brand. 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, it said. The company said it is looking forward to a phase of dynamic expansion, innovation and collaboration with stakeholders.