Joy Global Inc. (NYSE:JOY)

Joy Global Inc. engages in the manufacture and servicing of mining equipment for the extraction of coal, copper, iron ore, oil sands, and other minerals. It operates in two segments, Underground Mining Machinery and Surface Mining Equipment. The Underground Mining Machinery segment produces continuous miners, longwall shearers, powered roof supports, armored face conveyors, shuttle cars, flexible conveyor trains, roof bolters, battery haulers, continuous haulage systems, feeder breakers, conveyor systems, high angle conveyors, and crushing equipment; rebuilds and services equipment through a network of service and distribution centers; and sells replacement parts and consumables in support of installed base. The Surface Mining Equipment segment produces electric mining shovels, wheel loaders, walking draglines, and rotary blasthole drills for open-pit mining operations. This segment also provides logistics and life cycle management support services; equipment assemblies, relocations, inspections, service, repairs, rebuilds, upgrades, used equipment, parts, enhancement kits, and training; and electric motor rebuilds, and other products and services to the non-mining industrial segment, as well as sells used electric mining shovels, drills, and parts. This segment’s products are used in mining copper, coal, iron ore, oil sands, silver, gold, diamonds, phosphate, and other minerals and ores. The company serves mining companies worldwide. Joy Global Inc. was founded in 1884 and is headquartered in Milwaukee, Wisconsin.

Last updated April 11, 2013


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