Joy Global Inc ( Joy Global Inc. ) is an American company that manufactures and services earthmoving machinery used in underground and open cast mining. The company is engaged in the sale of spare parts. [1] Included in the list of Fortune 1000 companies. [2]
| Joy global | |
|---|---|
| Type of | Public corporation |
| Exchange listing | |
| Year of foundation | 1887 |
| Founders | |
| Location | |
| Key figures | Managing director - |
| Industry | engineering |
| Products | mining equipment |
| Turnover | $ 3.1 billion |
| Operating profit | 920 million dollars |
| Net profit | 606 million dollars |
| Number of employees | 12000 |
| Site | http://www.joyglobal.com/ |
History
The company originated in Milwaukee , Wisconsin in the late 1880s. At that time, A.Pavling and G. Harnishefer were among the entrepreneurs.
In 1887, Pavling and Harnischefer began rebuilding overhead cranes after the accident. The restored crane replaced a complex system of ropes and blocks that failed with a simplified system of engines and gearboxes. Shortly thereafter, Pavling and Harnischefer began to build their line of overhead cranes for production and warehouse operations.
Meanwhile, in Maryland, 12-year-old Joseph Francis Joy went to work in a coal mine , gradually he began to come up with various devices to facilitate mining
During the 20th century, Joey's company developed by 1997; it acquired the firms of Pauling and Harnisfeger. [3]
July 21, 2016, Komatsu agreed to buy Joy Global Inc. for $ 2.89 billion, or $ 28.30 per share in cash through cash on hand and bank loans, 20% premium for companies at a closing price of $ 23.55 on July 20. The acquisition process will be completed in mid-2017. [4] [5]
Joy Global in Russia
Direct deliveries of Joy equipment to Russia began in 1993, before which intermediaries sold. These were continuous continuous roadheaders and self-propelled cars for the mine Raspadskaya and IK Sokolovskaya. In 1997 In Leninsk-Kuznetsk, the first service center of a foreign company for the maintenance and repair of mining equipment in Russia was founded. In 2015, a plant for the repair of equipment with an area of 11 thousand m² was opened in the village of Kalachevo, Prokopyevsky District, Kemerovo Region. More than 100 units of equipment are operated in Russia and the CIS, 200 people the number of personnel in the Russian Federation. Offices are located in the cities of Kemerovo and Moscow. Service departments in Rostov Region, Vorkuta, Khabarovsk Territory
Links
- ↑ Joy Global Profit May Surge 30% on US Coal Boom (Update2) unspecified . Bloomberg LP (March 26, 2010).
- ↑ Mining equipment market . Date of appeal April 30, 2010.
- ↑ Harnischfeger Seeks Bankruptcy Protection , The Los Angeles Times (06-08-1999).
- ↑ Stringer, David Japan's Komatsu to Buy US Joy Global for $ 2.89 Billion . Date of treatment July 21, 2016.
- ↑ Sjolin, Sara Komatsu agrees to buy Joy Global in $ 2.89 billion deal . Date of treatment July 21, 2016.