Quarry Southern Africa May 2017 - Page 12

Doosan Heavy Industries & Construction has established a power plant repair and maintenance service business, eyeing the global plant service market estimated to value over USD500- billion. Services will range from redesign, repair, and maintenance to fuel changes. The company estimates it can pull in services fees of at least USD87-million a year from a 1GW power plant. Global capacity from generators across the world is at 6 500GW. The company appointed vice-president Mok Jin-won to spearhead the Service Business Group. It also incorporated its offshore subsidiary Doosan Babcock, acquired by Doosan Heavy Industries & Construction in 2006, under the new group for synergy effect. From 1 January 2018, Atlas Copco will be divided into two separate global groups of companies. Atlas Copco will focus on the industrial market, while the new company (which will have a name approved towards the end of April 2017) will operate as a stand-alone company within the Atlas Copco Group, covering the mining and civil engineering sectors. Globally, the new company will incorporate the entire mining and rock excavation technique business area, as well as the construction tools division of Atlas Copco. Alongside the establishment of a new head office, a new board and CEO will also be appointed during the year. Volvo Construction Equipment (Volvo CE) has unveiled the prototype HX2 autonomous, battery- electric, load carrier. The second-generation concept machine forms part of an electric site research project that predicts up to a 95% reduction in carbon emissions and up to a 25% reduction in total cost of ownership. Volvo CE showcased the first-generation HX1 at the company’s Xploration Forum in September last year. According to Uwe Müller, Volvo CE’s chief project manager for the project, the HX2 incorporates shared technologies and components from the Volvo Group, including electric motors, batteries and power electronics, as well as a completely new drivetrain and a vision system that detects humans and obstacles in its vicinity. Komatsu America, a subsidiary of Komatsu Ltd, has completed its acquisition of mining equipment OEM Joy Global, which will be renamed Komatsu Mining Corp and operate as a subsidiary of Komatsu. The company will retain its Milwaukee headquarters and continue to promote and invest in the P&H, Joy and Montabert product brands. Komatsu remains committed to directly servicing the global mining industry and through its products, services and technologies is focused on helping customers improve productivity and safety in their operations worldwide. “The combination of our Komatsu-brand surface mining equipment with the P&H, Joy and Montabert brands of surface and underground products allows us to offer a complete range of mining solutions for our Komatsu completes acquisition of Joy Global Komatsu America has completed its acquisition of Joy Global. customers,” says Tetsuji Ohashi, president and CEO of Komatsu. “We plan to build on the strength of our shared cultures, including our unwavering belief in safety first and our passion for providing innovative solutions, to become an unrivalled mining solutions and services provider.” The close of the transaction adds more than 10 000 people with extensive knowledge and experience in the mining industry to the Komatsu team, bringing the company’s global total to over 57 000 employees. With a focus on providing uninterrupted and unrivalled service and products for its customers, Komatsu plans to leverage the best practices of both companies while aligning the organisation and operation for optimal customer support. Komatsu Mining Corp will be led by Jeffrey Dawes, formerly leader of Komatsu Latin America. Dawes and the management team will be based in Mikwaukee, WI. Following the close of the transaction – valued at about USD3.7-billion, including Joy Global’s outstanding indebtedness – Joy Global shares will be delisted from the NYSE and will no longer be publicly traded. The combination of Komatsu’s surface mining equipment with the P&H, Joy and Montabert brands of surface and underground products will allow the company to offer customers a complete range of mining solutions. 10 _ QUARRY SA | MAY 2017