Parlec
- Company typePrivate
- Founded1976
- HeadquartersVal-d'or, Canada
- Headcount1–10
- GTM typeB2B
- OfferingServices
Parlec firmographics
Firmographics- Name
- Parlec
- Legal name
- Les Entreprises PARLEC LTEE
- Website
- https://parlec.ca
- Company type
- Private
- Founded year
- 1976
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Parlec industry classification
Industry- Product category
- Precision Machining Services for Mining and Drilling
- NAICS
- Cutting Tool and Machine Tool Accessory Manufacturing (333515)
- SIC
- Sheet Metal Work (3444)
- akta.pro primary industry
- Metal Cutting Tools, Tooling & Workholding (Cutters, Inserts, Chucks, Fixtures) (IMAHADAB)
Keywords
Where Parlec is headquartered
LocationHeadquarters
- HQ city
- Val-d'or
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Parlec business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Operations, Infrastructure
Revenue model
- Machined Parts Sales: Sale of custom-machined parts for mining and drilling applications including adapters, casing caps, casing cutters, head assemblies, water swivels, hoisting plugs, wedges, and other components. Parts can be custom-designed or adapted to specific customer needs.
- Machining Services: General machining, CNC machining, chrome plating, and black oxide treatment services billed to customers.
Go-to-market motion1 record
Distribution channels1 record
Parlec product offering
Product offeringCore offering
Parlec is a precision machining company that designs, manufactures, and services custom-machined parts for the mining, drilling, and forestry industries. The company offers general and CNC (numeric) machining for unique, custom-made high-precision components, along with chrome plating and black oxide surface treatment services, producing parts ranging from 3/8" to 12" in circumference in steel, aluminum bronze, brass, aluminum, and plastic.
Product overview
Les Entreprises PARLEC is a precision machining company founded in 1976, specializing in manufacturing and machining replacement parts for the mining and drilling industry. The company offers a portfolio of 18 product lines primarily for surface and underground drilling applications, including: Adaptateur (adapters in AW/AWJ/BW/HWL/NW/NWL sizes), Casing products (Casing Cap and Casing Cutter), Head Assembly products (Head Assy, Head Assy BWL, Head Assy HWL), Water Swivel products (High Speed Water Swivel, Water Swivel Compact, Water Swivel Compact Plus, Water Swivel Universel), Hoisting Plugs (13000Lbs and 30000Lbs capacity), Fishing tools (Overshot, Taps, Wedge), and specialized parts (Jaws Longyear, Loading Chamber, Pièces Boyles). Products are manufactured from steel, aluminum bronze, brass, aluminum, and plastic with diameters ranging from 3/8" to 12". The company also provides three machining services: General Machining (custom precision parts), Digital/Numerical Machining (CNC production including series manufacturing and Black Oxide treatment), and Chrome Plating (re-chrome services). Located in Val-d'Or, Quebec, with about 20 employees, the company serves customers across Quebec, Ontario, and internationally.
Differentiator
Problem solved
Functional benefit
Products and services
- General Machining Service
Companies that use Parlec
Customer profileSegments3 records
Ideal customer profiles2 records
Parlec technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Parlec partnerships and signals
Strategic signalScale indicators2 records
Recent moves3 records
Expansion highlights4 records
Parlec competitors and assessment
Company assessmentBroad incumbents
- Epiroc: Swedish mining and infrastructure equipment manufacturer spun off from Atlas Copco in 2018. Provides drilling rigs, rock-drilling tools, and consumables to the same mining and exploration customers Parlec serves, but at much greater scale and breadth.
- Atlas Copco: Swedish industrial conglomerate with a major mining and rock excavation division that supplies drills, consumables, and full systems to mining operators worldwide. Comparable as a broad incumbent serving Parlec's end customers with adjacent drilling equipment and consumables.
- Sandvik Mining and Rock Solutions: Division of Sandvik AB supplying drilling equipment, tools, and aftermarket parts to mining and construction customers globally. Comparable as a broad incumbent offering drilling consumables and replacement parts overlapping with Parlec's product lines.
Regional players
- Major Drilling Group International: Canadian-headquartered specialty drilling services contractor serving mining and exploration customers in the Americas, Africa, and Asia. Comparable as a fellow Canadian-headquartered company serving the same Quebec/Ontario mining ecosystem, though operating on the services side rather than parts supply.
- Foraco International: Canadian-headquartered drilling services provider with operations across mining and water exploration markets worldwide. Comparable as a Quebec-rooted peer in the mining-drilling value chain and a likely customer for Parlec-style replacement parts.
Direct peers
- Fordia: Canadian manufacturer of diamond drilling tools and consumables for mineral exploration. Direct comparable to Parlec given shared focus on drilling tooling for the Quebec/Ontario mining market and overlap in product categories such as casings, rods, and adapters.
- Boart Longyear: Global manufacturer of drilling consumables (bits, rods, casings) used in mining and mineral exploration. Closely comparable to Parlec because both supply core-drilling consumables and replacement parts for the same end customers, though at vastly different scale.
- Hardmet Mining Products: Manufacturer of tungsten carbide drilling consumables (bits, reamers) used in mining and exploration. Comparable to Parlec as a small specialty producer of drilling consumables targeting mining and exploration end-markets.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights5 records
Customer concentration
Parlec financial estimates
Financial estimateRevenue estimate
Valuation estimate
Parlec leadership team
Management profileNumber of profiles
Profiles2 records
Parlec funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Parlec M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Parlec
What does Parlec do?
Parlec is a precision machining company that designs, manufactures, and services custom-machined parts for the mining, drilling, and forestry industries. The company offers general and CNC (numeric) machining for unique, custom-made high-precision components, along with chrome plating and black oxide surface treatment services, producing parts ranging from 3/8" to 12" in circumference in steel, aluminum bronze, brass, aluminum, and plastic.
Is Parlec a public or private company?
Parlec is a private company. It is classified as management employee owned and is currently operating.
When was Parlec founded?
Parlec was founded in 1976. It employs 1 to 10 people.
Where is Parlec based?
Parlec is headquartered in Val-d'or, Canada, in the North America region.
How does Parlec make money?
Two revenue lines are on record. Machined Parts Sales are the primary driver. The others are machining Services.
Who are Parlec's main competitors?
Broad incumbents on record are Epiroc, Atlas Copco and Sandvik Mining and Rock Solutions. Regional players are Major Drilling Group International and Foraco International. Direct peers are Fordia, Boart Longyear and Hardmet Mining Products.
Does Parlec have an API?
No public API is recorded for Parlec.
What industry is Parlec in?
Parlec's product category is Precision Machining Services for Mining and Drilling. Its primary akta.pro industry code is IMAHADAB, Metal Cutting Tools, Tooling & Workholding (Cutters, Inserts, Chucks, Fixtures). Its NAICS code is 333515 and its SIC code is 3444.