Company Overview
4400 West National Avenue
Milwaukee, WI 53214
United States
Founded in 1884
Key Executives
Key developments for P&H Mining Equipment Inc.
On March 4, 2009, Joy Global Inc. announced that Mark E. Readinger, Executive Vice President of Joy Global and President and Chief Operating Officer of P&H Mining Equipment Inc. will retire. Mr. Readinger's retirement will become effective on March 31, 2009.
General Moly Inc. announced that the Company, through its 80% owned subsidiary Eureka Moly LLC, has placed orders for two 44 cubic-yard P&H 2800XPC Shovels from P&H Mining Equipment Inc. An initial deposit payment of $2 million has been made and the total cost of the shovels remains in line with the Company's Bankable Feasibility Study. The Letter of Award provides for shipment of the two shovels in May 2009 and October 2009, respectively, and commissioning at the Mt. Hope site within five months of shipment.
Joy Global Inc. announced that it will have three new factories in China by the middle of next year. One of the factories opened in 2007, a second factory is scheduled to open in summer, and a third factory should be in operation in mid-2009. Two of the three factories are for P&H Mining Equipment Inc., a division of Joy Global. Those plants will build gears, shafts and transmission components used in P&H machines.
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Stock Quotes
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| ECM (GB) | 170.30 GBX | +3.10 | |
|---|---|---|---|
| GTE | $5.82 USD | +0.22 | |
| TELT | $1.39 USD | -0.06 | |
| RCNI | $8.94 USD | +0.30 | |
| DTE | $40.23 USD | +0.55 | |
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