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Joy Global Inc. is a Fortune 1000 company with an
integral role in the mining industry. It manufactures and services heavy
machinery used in underground and surface mining. The company also deals in
aftermarket parts. The present company has its roots in two separate
but related businesses that came together in 1994, when Harnischfeger
Industries, Inc. bought Joy Technologies Inc. for 700 million dollars. Joy
Global Inc. was known as Harnischfeger Industries until 2001 when it emerged
from bankruptcy and was renamed. Its emergence from bankruptcy was a success
profiting $744 million over the next six years.
Joy Global markets equipment to underground mine
operations using the “Joy” products trademark. Surface mining equipment is
marketed using the “P&H” products trademark.Joy Global's underground business gets 90% of its
revenue from coal projects, a business Joy Global does well in as the
leading manufacturer of underground mining equipment. In 2011 underground mining machinery accounted for
60.5% of Joy Global's revenue (excluding LeTourneau) up from 60.3% in 2010.
Tianjin/Beijing/Baotou, Beijing/Tianjin/Baotou
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Tianjin/Beijing, Tianjin/Beijing
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