Joy Global Inc. is a leading manufacturer and servicer of high productivity
mining equipment for the extraction of coal and other minerals and ores. Our
equipment is used in major mining regions throughout the world to mine coal,
copper, iron ore, oil sands, and other minerals. Our 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. Our 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.
We have significant 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. Joy 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. Joy also maintains an extensive network of service and
replacement parts distribution centers to rebuild and service equipment and
to sell replacement parts and consumables in support of its installed base.
This network includes five service centers in the United States and eight outside
the United States, all of which are strategically located in major underground
mining regions.
P&H is the world’s largest producer of electric mining shovels and
a leading producer of rotary blasthole drills and walking draglines for open-pit
mining operations. 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 P&H MinePro Services® operations strategically located within
major mining regions. In some markets, P&H MinePro Services also provides
electric motor rebuilds and other selected products and services to the non-mining
industrial segment. P&H also sells used electric mining shovels in some
markets.
Competitive Conditions
Joy and P&H conduct their domestic and foreign operations under highly
competitive market conditions, requiring that their products and services be
competitive in price, quality, service, and delivery. The customers for these
products are generally large mining companies with substantial purchasing power.
Joy’s continuous miners, longwall shearers, powered roof supports, armored
face conveyors, continuous haulage systems, shuttle cars, and battery haulers
compete with similar products made by a number of established and emerging worldwide
manufacturers of such equipment. Joy’s 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. P&H’s large rotary blasthole drills compete with several
worldwide drill manufacturers. As high productivity mining becomes more widely
accepted internationally, especially in emerging markets, global manufacturing
capability is becoming a competitive advantage, but it is still most important
to have repair and rebuild capability near the customer’s operations.
P&H MinePro Services competes with a large number of primarily regional
suppliers in the sale of parts.