Elastotec

What Elastotec does

Elastotec Pty Limited (ACN 137 437 239) is a privately held Australian specialty manufacturer of pulley lagging and ceramic wear panels for the global mining and bulk materials handling industries. Founded in 2009 and headquartered in Somersby, New South Wales, the company engineers two core product lines: pulley lagging (ceramic, rubber, polyurethane, and FDA-grade variants) for conveyor belt drives, and ceramic wear panels (the Magnefast™ magnetic attachment system, Magnepatch™ repair patches, Light Duty panels, and Bolt On panels) for chutes, transfer points, and hoppers. The company's core technical differentiator is a 100% rubber tear bond technology applied across multiple ceramic grades (Al₂O₃ 92%/96%, ZTA, YTZ), complemented by the Lagging Select™ engineering analysis tool co-developed with Conveyor Dynamics Inc. (CDI) to provide physics-based lagging selection.

The business operates a direct B2B enterprise sales model targeting large-scale mining operators and OEMs globally. Sales are led by a Sales Director, a Business Unit Manager, an Engineering Manager, and Key Account Managers, with pricing conducted on a quote-only basis under multi-year contracts and standard 30-day payment terms. The company's customer base spans more than twenty named global accounts across mining (BHP, Rio Tinto, Fortescue, Glencore, Newmont, Newcrest, Teck, MMG, Evolution Mining, Freeport), mining equipment manufacturing (Metso Outotec, Thyssenkrupp, Prok, Nepean), construction materials (Holcim), industrial materials handling (Continental, Martin), and engineering services (Lycopodium). Marketing channels combine LinkedIn, YouTube, website content (case studies, brochures, technical bulletins), and industry events, with multiple 'Request a Quote' and 'Free Demo' forms on the website serving as the primary bottom-of-funnel conversion mechanism.

Elastotec employs 11–50 people, is privately held with no disclosed external investors or parent company, and operates as a single legal entity. The company holds registered trademarks for Magnefast™, Magnepatch™, and Lagging Select™, and maintains a strategic engineering partnership with Conveyor Dynamics Inc. (CDI) and a field-implementation relationship with TS Global. Case-study evidence includes an 80% reduction in shutdown time and a 500% increase in wear liner life at a Pilbara Port site using Magnefast™. The company claims a global footprint and positions itself as a 'Global Pulley Lagging Expert.'

Name

Elastotec

Legal name

Elastotec Pty Limited

Website

https://elastotec.com.au

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Elastotec is a privately held Australian manufacturer of pulley lagging and ceramic wear panels for the global mining industry, serving major mining operators and OEMs including BHP, Rio Tinto, Glencore, and Metso Outotec through direct enterprise sales.

Ownership category

akta.pro rank

Product category

Mining Wear Protection (Industrial Wear Linings & Pulley Lagging)

NAICS

Mining Machinery and Equipment Manufacturing (333131)

SIC

Construction, Mining & Materials Handling Machinery & Equip (3530)

akta.pro primary industry

Wear Parts & Consumables (Liners, Mantles, Hammers) (IMAHAMAK)

Keywords

• Pulley lagging products
• Ceramic wear panels
• Mining wear protection
• Conveyor components
• Elastomer industrial products

Headquarters

HQ city

Somersby

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Pulley Lagging Products: Sale of pulley lagging products including ceramic lagging, rubber lagging, polyurethane lagging, and FDA lagging for conveyor systems in mining and materials handling applications
2. Ceramic Wear Panels: Sale of wear protection products including Magnefast™ magnetic panels, Magnepatch™ repair patches, Light Duty wear panels, and Bolt On wear panels
3. Engineering Analysis Services: Lagging Select™ engineering analysis tool provides technical assessments and recommendations for pulley lagging selection

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Elastotec manufactures and supplies pulley lagging (ceramic, rubber, polyurethane, FDA) and ceramic wear panels (Magnefast™ magnetic attachment panels, Magnepatch™ repair patches, Light Duty panels, Bolt On panels) for conveyor systems used in the global mining and bulk materials handling industries. The company also offers the Lagging Select™ engineering analysis tool, developed with Conveyor Dynamics Inc., to recommend optimal lagging configurations. Products are engineered to maximise service life and reduce operating costs for mining companies worldwide.

Product overview

Elastotec is a specialist manufacturer of pulley lagging and ceramic wear panels for the global mining industry. The product portfolio consists of two core product lines: (1) Pulley Lagging — including Ceramic Lagging, Rubber Lagging, Polyurethane Lagging, FDA Lagging, and Lagging Select™ analysis tool; and (2) Wear Panels — including Magnefast™ (magnetic attachment system), Magnepatch™ (temporary repair patches), Light Duty Wear Panels (cold bonded, direct bond, hot vulcanised), and Bolt On Wear Panels. Lagging Select™ is a proprietary engineering analysis tool developed with Conveyor Dynamics Inc. that helps select optimal lagging configurations. All products are engineered to maximise service life and reduce operating costs for mining companies.

Differentiator

Problem solved

Functional benefit

Brands

• Lagging Select: Engineering-based pulley lagging analysis tool developed in collaboration with Conveyor Dynamics Inc. (CDI) that evaluates pulley conditions to recommend optimal lagging type.
• Magnefast
• Magnepatch
• Light Duty
• Bolt On

Products and services

• Ceramic Lagging

Quantifiable outcome

• 80% reduction in shutdown time reported in Pilbara Port case study
• +2 more outcomes

Named customers20 records

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core and minor.

• Conveyor Dynamics Inc. (CDI)coreStrategic or Co-development PartnerCollaborative development of Lagging Select™ analysis tool - a proprietary engineering-based assessment tool that evaluates pulley conditions, loading, belt speed and operating environment to recommend optimal lagging type for conveyor systems.
• TS GlobalminorImplementation/ SI/ Consulting PartnerService technicians from TS Global used Magnefast™ for chute reline projects, providing feedback and testimonials on product performance in the field.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Metso: Metso is one of the world's largest mining and aggregates equipment OEMs, with a dedicated wear-parts and screening business that supplies abrasion-resistant liners, screen media, and conveyor components to the same tier-1 miners that Elastotec serves. Direct competitor in wear liners and rubber/ceramic lagging for mining conveyors, and also a customer.
• Sandvik Mining and Rock Processing: Sandvik's mining division supplies crushing, screening, and materials handling equipment including wear parts and conveyor components. Comparable product overlap in wear-protected equipment for hard-rock and bulk-material mining applications.
• FLSmidth: FLSmidth supplies mining and cement industries with mills, conveying systems, and wear linings. Overlaps with Elastotec in heavy-duty wear protection for bulk-material handling across the same mining and cement customers (e.g., Holcim is a shared account).
• Continental (ContiTech): Continental's ContiTech conveyor belt division produces pulley lagging, wear liners, and rubber-ceramic protective products for mining and bulk-handling. Directly comparable product line and scale; also an Elastotec reference customer.
• Trelleborg (Engineered Coated Fabrics / Polymer Solutions): Trelleborg produces engineered polymer-based wear protection, anti-abrasion linings, and ceramic-rubber composite products for mining and materials handling. Competes directly with Elastotec's wear panels and lagging portfolio.
• Bradken: Bradken (now part of Hitachi Construction Machinery) is a leading global manufacturer of mining wear parts including mill liners, crawler components, and conveyor wear solutions. Same buyer profiles and identical end-application overlap.
• Multotec: Multotec supplies mineral processing equipment including wear-resistant lining products, ceramic and rubber composite components, and chute solutions — directly overlapping Elastotec's wear-panel and lagging range for mining.
• Weir Minerals: Weir Minerals (part of Weir Group) designs and manufactures slurry handling and wear protection products for mining, including rubber and polyurethane linings used in conveyor and mill applications. Significant product overlap and customer overlap.

Emerging players

• Vulcan Ceramics: Vulcan Ceramics manufactures alumina ceramic tiles and wear products used in mining chute and conveyor protection — a direct product-level overlap with Elastotec's Bolt On and Magnefast™ wear panel lines, though at smaller scale.

Regional players

• WA Belting: An Australian supplier of conveyor belting, lagging, and wear solutions serving the WA Pilbara mining hub — directly adjacent product offering to Elastotec but operating at a regional/WA-only scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@elastotec173
• LinkedInlinkedin.com/company/elastotec

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Elastotec