coal, copper, iron ore, oil sands, gold and other mineral-bearing materials and overburden into trucks. Dippers can range in size from 10 to 90 cubic yards. Feeder Breakers: Feeder breakers are used in both underground and surface applications. A feeder breaker is a form of crusher that uses a rotating drum with carbide-tipped bits to break down the size of the mined material for loading onto a conveyor system or feeding into processing facilities. Mined material is typically loaded into the feeder breaker by a shuttle car or battery hauler in underground applications and by haul trucks in surface applications. Walking Draglines: The company’s draglines are equipped with bucket sizes ranging from 30 to 160 cubic yards. Wheel loaders: Loaders are generally used in coal, copper and iron ore mines, and they utilize a proprietary diesel-electric drive system with digital controls. This proprietary system allows the company’s equipment to stop, start and reverse direction without gear shifting and high-maintenance braking. The company has 5 loaders with capacities up to 53 cubic yards, which can load rear-dump trucks in the 85 to 400 ton range. Life Cycle Management: The company offers life cycle management programs. Each life cycle management program is specifically designed for a particular customer and that customer’s application of the company’s equipment. Under each program, the company provides aftermarket products and services to support the equipment during its operating life cycle. The company’s life cycle management arrangements include cost per ton, cost per hour, component exchange programs and parts contracts. In addition to life cycle management support, the company’s Surface Mining Equipment segment provides equipment assemblies, relocations, inspections, service, repairs, rebuilds, upgrades, used equipment, parts, enhancement kits and training to customers globally. The company sells its products and services directly to customers through a global network of sales and marketing personnel. The company has Alliance Partner relationships with various companies, including Berkley Forge and Tool Inc.; Phillippi-Hagenbach Inc.; Bridon American Corporation; Prodinsa Wire Rope; Towhaul Corporation; Wire Rope Industries Ltd.; Hensley Industries Inc.; Wire Rope Corporation of America, Inc.; Hitachi Mining Division; and ESCO Corporation. For each Alliance Partner, the company typically enters into an agreement that provides it with the right to distribute certain of the Alliance Partners’ products in specified geographic territories. Its aftermarket sales of parts produced by Alliance Partners are generally made under buy and resell arrangements. To support Alliance Partners’ products in certain geographic regions, the company typically holds parts and components in inventory. Seasonality All of its business segments are subject to moderate seasonality, with the first quarter of the company’s fiscal year (year ended October 25, 2013) generally experiencing lower sales and profitability due to a decrease in working days caused by calendar year-end holidays. Customers The company sells its products primarily to large global and regional mining companies. Research and Development For the year ended October 25, 2013, the company’s research and development expenses totaled $49.0 million. History Joy Global Inc. was founded in 1884.
joy global inc (JOY:New York)
100 East Wisconsin Avenue
Milwaukee, WI 53202
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