International Conveyors

Name

International Conveyors

Legal name

International Conveyors Limited

Website

https://iclbelting.com

Company type

Public

Founded year

1973

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Industrial Conveyor Belts

NAICS

Conveyor and Conveying Equipment Manufacturing (333922), Rubber and Plastics Hoses and Belting Manufacturing (326220)

SIC

Misc Industrial & Commercial Machinery & Equipment (3590), Wholesale-Machinery, Equipment & Supplies (5080)

akta.pro primary industry

Industrial Belting, Conveying & Power Transmission Textiles (Conveyor/Drive Belts/Hoses Reinforcement) (IMAOADAG)

akta.pro secondary industries

Bulk Material Handling Systems (Belt Conveyors, Feeders, Stackers, Reclaimers) (IMAHABAH), Technical Fabric Mills (Performance/Protective/Medical Substrates) (IMAOABAH)

Keywords

• PVC conveyor belts
• Solid woven belting
• Fire resistant belts
• Mining conveyor belts
• Industrial conveyor solutions

Headquarters

HQ city

Kolkata

HQ country

India

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. PVC Conveyor Belt Manufacturing and Sales: Core business manufacturing and marketing solid woven fabric reinforced PVC impregnated and PVC covered fire retardant, anti static conveyor belting. Products include Mineplast and Mineplast Pro for mining, cement, timber, and industrial applications. The company was the largest PVC belting exporter from India with 80% of total Indian PVC belting exports and held 35% domestic market share.
2. Renewable Energy Operations: 4.7 MW of wind turbine installations across India generating green energy. Operations include 5 windmills in Karnataka, Maharashtra, Gujarat, and Andhra Pradesh. For FY 23-24, generated 58,65,753 KWH of electricity against consumption of 56,98,737 KWH, producing net 1,67,015 KWH surplus. Revenue of Rs. 6.53 million from renewable energy for FY22.
3. Investment and Other Income: Significant other income from investment activities. Q1FY27 other income surged 122.4% to ₹1,469.7 crore, comprising approximately 95% of pre-tax profit, indicating reliance on investment valuation changes.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

International Conveyors Limited manufactures and markets solid woven fabric reinforced PVC impregnated and PVC covered fire retardant, anti-static conveyor belting. The company produces two product lines — Mineplast and Mineplast Pro — for underground and surface mining, cement, steel, timber, fertilizer, and industrial materials handling applications, with annual installed capacity of 1.1 million meters. The company also operates 4.7 MW of wind turbine installations across India generating surplus renewable energy.

Product overview

International Conveyors Limited (ICL) is a manufacturer of high-performance PVC Solid-Woven Conveyor Belts. The company produces two main product lines: Mineplast and Mineplast Pro conveyor belts. Mineplast is the standard fire-resistant belting for coal mining and similar applications, while Mineplast Pro is an enhanced variant with improved cover thickness and abrasion resistance. Both products are designed for underground and surface mining environments where fire resistance and anti-static properties are critical for safety.

Differentiator

Problem solved

Functional benefit

Brands

• Mineplast: Fire-resistant PVC conveyor belting product line for coal mining and similar applications with proven track record of superior performance.
• Mineplast Pro

Products and services

• Mineplast PVC Fire-Resistant solid-woven conveyor belt designed for underground and surface mining applications. Features fire-retardant and anti-static properties, engineered with high-quality PVC compounds, customizable cover thickness, and solid woven carcass for conveying coal, potash, phosphate, fertilizer, clay, gypsum, and salt. Used by mining companies, cement manufacturers, steel producers, and industrial bulk material handlers.
• Mineplast Pro Enhanced Mineplast PVC conveyor belt with higher cover thickness (3mm top and 2mm bottom), improved abrasion resistance, and superior durability for extended service life in coal mining and demanding surface applications.

Quantifiable outcome

• Lower power consumption due to lower belt weight compared to rubber belts
• +4 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• ContiTech (Continental): Global conveyor belting and industrial rubber products division of Continental AG; supplies steel-cord, fabric and solid-woven belts to mining and bulk material handling worldwide, directly competing with ICL for major mining-customer contracts.
• Fenner PLC (now Michelin / Fenner Dunlop): Historical UK conveyor-belt specialist and parent of Scandura Plc (ICL's 1977-1997 technical collaborator); now part of Michelin's high-tech materials business, competing globally in mining and industrial conveyor belting.
• Bridgestone Conveyor Belts: Diversified tire and industrial-products group with a dedicated conveyor belt business serving large global miners; competes with ICL for high-volume, safety-critical underground mining belt contracts.
• Metso: Global leader in bulk material handling systems, crushers and complete conveying solutions for mining; complementary rather than direct, as Metso integrates belts into full systems where ICL supplies the belt itself.
• Veyance Technologies (ContiTech legacy): Former Goodyear Engineered Products / Veyance heavy-duty conveyor belt operation, now within Continental ContiTech; relevant comparable for the North American mining market where ICL serves Peabody via its Geneva, IL subsidiary.

Direct peers

• Dunlop Conveyor Belting: Specialist manufacturer of conveyor belts including solid-woven PVC fire-resistant grades for underground mining, with strong presence in Europe, Africa, Asia and the Americas; closest like-for-like competitor to ICL's Mineplast line.
• Sempertrans (Sempertis): European conveyor belt manufacturer with broad mining-industry focus on textile and steel-cord belts; competes with ICL in coal, potash and bulk material applications across EMEA and Asia-Pacific.
• Zhejiang Double Arrow Rubber: Chinese conveyor belt manufacturer with significant PVC and fabric belt capacity exporting globally; competes with ICL in Asia-Pacific and emerging markets where ICL's China approval is being leveraged.
• Fenner India (now Michelin India): Historic Fenner India was the monopoly competitor ICL was founded to challenge in Indian coal mining; today part of Michelin, it remains the most direct Indian-market peer for PVC conveyor belting.

Others

• Belterra: North American conveyor belting distributor and integration partner listed as an ICL customer; comparable as a channel-side peer showing how ICL's solid-woven PVC belts reach end users in the US and Canada.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@internationalconveyorslimi9105
• LinkedInlinkedin.com/company/international-conveyors-limited

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about International Conveyors