JOY GLOBAL INC

(NYSE: JOY)
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63.96 Up +0.28 +0.44%
COMPANY ADDRESS
JOY GLOBAL INC
100 East Wisconsin Avenue
Milwaukee, WI 53202
USA - Map
Phone: +1 414 319-8500
Fax: +1 414 486-6717
Website
COMPANY INFORMATION
Exchange: New York Stock Exchange
Stock: Joy Global Inc
Industry: Farm & Construction Equipment
Employees: 16,600
DESCRIPTION
Joy Global, Inc., was incorporated in Delaware. The Company is a manufacturer and servicer of mining equipment for the extraction of coal and other minerals and ores. The Company equipment is used in major mining regions throughout the world to mine coal, copper, iron ore, oil sands and other minerals. It operates in two business segments namely Underground Mining Machinery and Surface Mining Equipment. Its underground mining machinery segment (‘Joy Mining Machinery’ or ‘Joy’) is a major manufacturer of underground mining equipment for the extraction of coal and other bedded minerals and offers comprehensive service locations near major mining regions worldwide. It has manufacturing facilities in Australia, South Africa, the United Kingdom, China, and the United States as well as sales offices and service facilities in India, Poland, and Russia. Its products include: continuous miners; shuttle cars; flexible conveyor trains; complete longwall mining systems (consisting of powered roof supports, an armored face conveyor, and a longwall shearer); continuous haulage systems; battery haulers; roof bolters; crushing equipment; and conveyor systems. It also maintains a network of service and distribution centers to rebuild and service equipment and to sell replacement parts and consumables in support of its installed base. Its surface mining equipment segment (‘P&H Mining Equipment’ or ‘P&H’) is a major producer of surface mining equipment for the extraction of ores and minerals and provides extensive operational support for many types of equipment used in surface mining. P&H has facilities in Australia, Brazil, Canada, Chile, China, South Africa, and the United States, as well as sales offices in India, Mexico, Peru, Russia, the United Kingdom, and Venezuela. P&H products are used in mining copper, coal, iron ore, oil sands, silver, gold, diamonds, phosphate, and other minerals and ores. P&H also provides logistics and a full range of life cycle management service support for its customers through a global network of strategically located operations within major mining regions. Joy and P&H sell their products mainly to large global and regional mining companies. Its rebuild services compete with a large number of local repair shops and also compete with various regional suppliers in the sale of replacement parts for Joy equipment. P&H’s shovels and draglines compete with similar products produced by one significant competitor and with hydraulic excavators, large rubber-tired front-end loaders, and bucket wheel excavators made by several international manufacturers. The Company’s domestic activities are regulated by federal, state, and local statutes, regulations, and ordinances relating to environmental protection and worker health and safety.
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Financial data in US dollars | Page generated 2:06 AM ET
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