Tornado Global Hydrovacs Ltd V.TGH

Alternate Symbol(s): TGHLF

Industrials

Tornado Global Hydrovacs Ltd. is a Canada-based company, which designs, fabricates, manufactures and sells hydrovac trucks, as well as provides heavy duty truck maintenance operations in central Alberta. The Company sells hydrovac trucks to excavation service providers in the infrastructure and industrial construction, and oil and gas markets. Hydrovac trucks use high pressure water and vacuum to safely penetrate and cut soil to expose critical infrastructure for repair and installation without damage. Its segment includes North American, which is engaged in manufacturing and sales operations. Its hydrovac trucks offering include F2 ECO-LITE, F3 ECO-LITE, F4 ECO-LITE and F5 Eco-Lite. The F2 ECO-LITE’s overall height is approximately 11-foot 6-inch and length is 31-foot-6 inch. F3 ECO-LITE has a capacity of 10 cubic yards and a water capacity of 1250 US gallons. In China, the Company’s subsidiary is used principally to source certain parts to the Company’s North America operations.

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Tornado Global Hydrovacs Ltd

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Comment by mjh9413on Oct 21, 2019 9:06am

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Post# 30250473

RE:RE:CHINA

Thought I shud share this from TGH:
' Shanghai Co. has more resources and experience in China that could potentially help Tornado to improve its sourcing efficiency in China.
With respect to the progress in China, because hydrovac is a brand new concept there, it takes time and effort to educate the market. We are currently facing a lot of challenges in China including lack of excavation safety awareness and regulation, different type of soil, competitive labor, etc. We will continually strengthen our relationships with our Chinese partners to penetrate the Chinese market."

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