{"id":2329,"date":"2017-04-10T08:42:49","date_gmt":"2017-04-09T22:42:49","guid":{"rendered":"http:\/\/yinghuiinternational.com\/?p=2329"},"modified":"2017-04-10T08:42:49","modified_gmt":"2017-04-09T22:42:49","slug":"joy-global-to-be-renamed-komatsu-mining","status":"publish","type":"post","link":"https:\/\/yinghuiinternational.com\/index.php\/2017\/04\/10\/joy-global-to-be-renamed-komatsu-mining\/","title":{"rendered":"Joy Global to be renamed Komatsu Mining"},"content":{"rendered":"

Japanese based industrial machinery provider Komatsu has completed its acquisition of Joy Global, expanding its global mining services business.<\/p>\n

Under the approximately $3.7 billion acquisition<\/a>, Joy Global will be renamed Komatsu Mining Corp and will keep its headquarters in Milwaukee in the United States.<\/span><\/p>\n

The company will operate as a subsidiary of Komatsu and will continue to invest in the P&H, Joy and Montabert brands in addition to Komatsu\u2019s mining products, services and technologies.<\/p>\n

Komatsu president and CEO Tetsuji Ohashi, said, \u201cThe combination of our Komatsu-brand surface mining equipment with the P&H, Joy and Montabert brands of surface and underground products will allow us to offer a complete range of mining solutions for our customers.\u201d<\/p>\n

\u201cWe plan to build on the strength of our shared cultures, including our unwavering belief in safety first and our passion for providing innovative solutions, to become an unrivalled mining solutions and services provider.\u201d<\/p>\n

The acquisition adds more than 100,000 people to Komatsu\u2019s team bringing the company\u2019s total to more than 57,000 employees.<\/p>\n

Komatsu Mining will be headed by former leader of Komatsu Latin America, Jeffrey Dawes.<\/p>\n

Joy Global will no longer be publicly traded, with its shares delisted from the New York Stock Exchange.<\/p>\n

Komatsu\u2019s Australian subsidiary recently acquired Queensland-based mining equipment solutions MineWare<\/a> to enhance its mining technology.<\/p>\n","protected":false},"excerpt":{"rendered":"

Japanese based industrial machinery provider Komatsu has completed its acquisition of Joy Global, expanding its global mining services business. Under the approximately $3.7 billion acquisition, Joy Global will be renamed Komatsu Mining Corp and will keep its headquarters in Milwaukee in the United States. The company will operate as a subsidiary of Komatsu and will … Continue reading “Joy Global to be renamed Komatsu Mining”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6,7],"tags":[],"class_list":["post-2329","post","type-post","status-publish","format-standard","hentry","category-mines-and-quarry","category-news"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p83F9T-Bz","jetpack-related-posts":[{"id":2364,"url":"https:\/\/yinghuiinternational.com\/index.php\/2017\/05\/22\/earthmoving-equipment-giant-komatsu-has-completed-its-acquisition-of-renowned-extractive-equipment-company-joy-global\/","url_meta":{"origin":2329,"position":0},"title":"Earthmoving equipment giant Komatsu has completed its acquisition of renowned extractive equipment company Joy Global.","author":"yinghui","date":"May 22, 2017","format":false,"excerpt":"After officially acquiring Joy Global, Komatsu will now provide a full range of mining equipment. KOMATSU ACQUIRES JOY GLOBAL, EXPANDS MINING BUSINESS Posted May 15, 2017 | By Talia Paz \u2022 Staff Journalist Following a 2016 agreement to purchase Joy Global for USD$3.7 billion (AUD$4.9 billion), Komatsu has completed its\u2026","rel":"","context":"In "Mines and Quarry"","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1674,"url":"https:\/\/yinghuiinternational.com\/index.php\/2016\/07\/21\/komatsu-and-joy-come-together-in-new-one-stop-shop-mining-oem\/","url_meta":{"origin":2329,"position":1},"title":"Komatsu and Joy come together in new one stop shop mining OEM","author":"yinghui","date":"July 21, 2016","format":false,"excerpt":"The biggest move in mining equipment supply consolidation since Cat bought Bucyrus was announced this week, as Joy Global Inc, the global supplier of high-productivity mining solutions, announced that its Board of Directors had unanimously approved a definitive merger agreement under which Komatsu America Corp, a subsidiary of Komatsu Ltd,\u2026","rel":"","context":"In "Mines and Quarry"","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1672,"url":"https:\/\/yinghuiinternational.com\/index.php\/2016\/07\/21\/komatsu-buys-joy-global\/","url_meta":{"origin":2329,"position":2},"title":"Komatsu buys Joy Global","author":"yinghui","date":"July 21, 2016","format":false,"excerpt":"Posted by Paul Moore On July 21, 2016 0 Comment Joy Global Inc, the global supplier of high-productivity mining solutions, has announced that its Board of Directors has unanimously approved a definitive merger agreement under which Komatsu America Corp, a subsidiary of Komatsu Ltd, will acquire Joy Global in a\u2026","rel":"","context":"In "Mines and Quarry"","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"UG Load Haul","src":"https:\/\/i0.wp.com\/im-mining.com\/wp-content\/uploads\/2016\/07\/UG-Load-Haul-720x480.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/im-mining.com\/wp-content\/uploads\/2016\/07\/UG-Load-Haul-720x480.jpg?resize=350%2C200 1x, https:\/\/i0.wp.com\/im-mining.com\/wp-content\/uploads\/2016\/07\/UG-Load-Haul-720x480.jpg?resize=525%2C300 1.5x"},"classes":[]},{"id":2322,"url":"https:\/\/yinghuiinternational.com\/index.php\/2017\/04\/06\/komatsu-acquires-queensland-based-mine-solutions-provider-mineware\/","url_meta":{"origin":2329,"position":3},"title":"Komatsu acquires Queensland based mine solutions provider MineWare","author":"yinghui","date":"April 6, 2017","format":false,"excerpt":"Komatsu\u2019s Australian subsidiary has acquired MineWare, a mining equipment solutions provider based in Queensland. MineWare provides systems for loading equipment such as draglines as well as rope and hydraulic shovels in mines, enhancing their payloads and visualising excavating positions. It also has an advanced technology portfolio to improve the loading\u2026","rel":"","context":"In "Clients"","block_context":{"text":"Clients","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/clients\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1770,"url":"https:\/\/yinghuiinternational.com\/index.php\/2016\/09\/02\/more-losses-for-joy-global-in-latest-quarterly-results\/","url_meta":{"origin":2329,"position":4},"title":"More losses for Joy Global in latest quarterly results","author":"yinghui","date":"September 2, 2016","format":false,"excerpt":"Joy Global has released their third quarter results for this year, signalling a plummet in sales compared to 2015. The company\u2019s net sales fell 26 per cent to $587 million from last year\u2019s $792 million, with their funds from operations down $90 million to $26 million. Net sales in the\u2026","rel":"","context":"In "Mines and Quarry"","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1324,"url":"https:\/\/yinghuiinternational.com\/index.php\/2016\/04\/06\/%e6%9c%80%e6%96%b0%e6%8c%96%e6%8e%98%e6%9c%ba\/","url_meta":{"origin":2329,"position":5},"title":"\u6700\u65b0\u6316\u6398\u673a","author":"yinghui","date":"April 6, 2016","format":false,"excerpt":"In this month\u2019s Spotlight article, Paul Moore reviews new machines and best practice across hydraulic excavators, rope shovels, wheel loaders and surface drills. There have been a number of new excavator launches, from Hitachi, Liebherr, Komatsu and others, while autonomous drilling is really advancing and moving from trials of single\u2026","rel":"","context":"In "\u65b0\u6280\u672f\u65b0\u4ea7\u54c1"","block_context":{"text":"\u65b0\u6280\u672f\u65b0\u4ea7\u54c1","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/new-tech-new-product\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts\/2329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/comments?post=2329"}],"version-history":[{"count":1,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts\/2329\/revisions"}],"predecessor-version":[{"id":2330,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts\/2329\/revisions\/2330"}],"wp:attachment":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/media?parent=2329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/categories?post=2329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/tags?post=2329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}