Joy Global Buys Chinese Equipment Builder

Wuxi Shengda supplies long-wall shearing machines

Joy Global Inc., a Miwaukee-based manufacturer of mining equipment and supplier of aftermarket services, has acquired China’s Wuxi Shengda through its own wholly owned subsidiary, China Mining Machinery. The purchase price is $22 million.

Wuxi Shengda produces long-wall shearing machines, and Joy Global indicates it will be a foothold in the Chinese market for it to supply the domestic and regional mining industry.

Joy Global manufactures and supplies surface-mining equipment through its P&H Mining Equipment division, and the underground mining market through the Joy Mining Machinery division. It also manufactures and supplies equipment for bulk material-conveyor systems, through its Continental Crushing & Conveying division.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish