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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.

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