TX Holdings, Inc. operates as a supplier and distributor of drill bits, related tools and other mining supplies and rail products directly and through other suppliers to United States’ coal mining companies and operators for use in their extraction and transportation processes.
The company’s products are supplied to it by certain manufacturers and suppliers and warehoused and distributed from the company’s principal business location in Ashland, Kentucky.
Mining and Rail Supplies
The company...
TX Holdings, Inc. operates as a supplier and distributor of drill bits, related tools and other mining supplies and rail products directly and through other suppliers to United States’ coal mining companies and operators for use in their extraction and transportation processes.
The company’s products are supplied to it by certain manufacturers and suppliers and warehoused and distributed from the company’s principal business location in Ashland, Kentucky.
Mining and Rail Supplies
The company supplies and distributes rail products, including rail, switches, ties and related products, and drill bits, augurs, related tools and mining supplies to the U.S. coal mine operators and distributors primarily located in Ohio, Pennsylvania, Kentucky and West Virginia.
Principal Products
Drilling Products
The company distributes and sells drill steel mining products for use in the coal mining industry, including drill bit products and accessories, used for hard and soft rock mining operations; tungsten carbide drill bits and augurs, and related accessories and tools.
Rail Products
The company distributes and sells drill steel mining products used by the coal industry in its extraction process, including tee rails, used for railroad tracks for the transportation of coal by coal mine operators; steel ties for securing rail; switches, and related accessories and tools.
Customers
The company distributes and sells its mining supplies and rail products principally to certain coal mining companies located in Ohio, Pennsylvania, Kentucky and West Virginia and certain distributors. Its customers include both large and small mining companies and operators.
Distribution and Sales
The company sells its mining supplies and rail products primarily through two independent sales agent and, to a limited extent, directly to its customers. The company’s sales agents are independent contractors. The company’s sales agents sell its mining supplies to resellers, as well as directly to coal mine operators.
Seasonality
The company’s business is subject to moderate seasonality, with the first quarter of its year (October to December), experiencing lower sales than the last three quarters of its year.
History
The company was incorporated in the state of Georgia in 2000. It was formerly known as HOM Corporation and changed its name to R Wireless, Inc. in 2003. Further, the company changed its name to TX Holdings, Inc. in 2005.