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