Chennai: City-based conveyor belt maintenance company Thejo Engineering is targeting overseas markets like Australia, the US, Middle East and Europe to boost its business.

“The economic recession has made industries to postpone replacement of their old conveyor systems and run the operations by better maintenance. This augured well for us,” Thejo chief executive V.A. George said.

The company is focusing on overseas markets to increase its export revenues by 25 to 50 percent in two years.