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- Title
Joy Global looks to expand; LeTourneau acquisition might not be the only one.
- Abstract
The article reports on the expansion plans of Joy Global Inc. in 2011 following the acquisition of LeTourneau Technologies Inc. from Rowan Cos., according to chief executive Mike Sutherlin. His interest in adding hydraulic mining excavators and underground hard-rock mining machinery was highlighted in "The Wall Street Journal." Joy Global is expected to gain exposure to oil- and gas-drilling equipment as a result of the acquisition. There was a 15% increase in its surface mining business in the second quarter.
- Subjects
KOMATSU Mining Corp.; LETOURNEAU Technologies Inc.; VALARIS Ltd.; MERGERS &; acquisitions; SUTHERLIN, Mike; HYDRAULIC mining; CHARTS, diagrams, etc.; EQUIPMENT &; supplies
- Publication
Mining Engineering, 2011, Vol 63, Issue 7, p14
- ISSN
0026-5187
- Publication type
Article