Joy Global rebrands as Komatsu Mining Corp.
No immediate changes for Sudbury operations
Joy Global has rebranded itself as Komatsu Mining Corp. following Komatsu America Corp.’s $3.7 billion acquisition completed April 5.
During the official kickoff of the rebranding May 8 at Komatsu Mining Corp.’s headquarters in Milwaukee, Tetsuji Ohashi, president and CEO of Komatsu Ltd. – parent company to Komatsu America Corp. and Komatsu Mining Corp. – noted the importance of the acquisition for the company.
“This acquisition was an important means of rapidly expanding our ability to create enhanced value for our customers,” Ohashi said. “The P&H, Joy and Montabert products align perfectly with existing Komatsu offerings, allowing us to provide customers with a full set of solutions. But it is the people behind the product lines that will truly make our integration a success. We are very excited to welcome more than 10,000 employees with deep knowledge and understanding of the mining industry, and a commitment to service and safety.”
Komatsu Mining Corp. has committed to continue to promote and invest in the P&H, Joy and Montabert product brands, to directly serve the global mining industry and, through its products, services and technologies, continue to help customers improve productivity and safety in their operations worldwide.
The acquisition is part of Komatsu’s recent three-year growth plan calling for significant expansion of its global mining business.
The P&H line of surface equipment, such as rope shovels, drills, draglines and electric wheel loaders, complement Komatsu’s line of haul trucks, while the Joy brand of underground equipment and solutions, and Montabert branded products, will further expand Komatsu’s product offerings.
“We plan to build on the strength of our shared cultures,” Ohashi said, “including our unwavering belief in safety first and our passion for providing innovative solutions, to become an unrivaled mining solutions and services provider.”
Leading Komatsu Mining Corp. are president and CEO Jeffrey Dawes and executive vice-president and COO Korekiyo Yanagisawa.
Komatsu plans to leverage the best practices of both companies while aligning the organization and operation for optimal customer support. Full integration is expected within three years.
“There are no immediate changes to how we do business,” said Mariolen Hagen, marketing communications project manager for the company’s Sudbury operations. “The same employees who have always supported customers in the area will continue to do so as we work to integrate our organization with the larger Komatsu organization. Bringing our companies together offers many exciting opportunities for growth. As we study best practices worldwide during the integration, we will be looking at optimal facility use and the best ways to leverage our teams and technologies. Any changes planned through the integration process will be carefully considered and focused on building a strong future together.”
As part of its rebranding, Komatsu Mining released a video highlighting the extensive history of its four product brands, which can be viewed on the company’s new website: www.mining.komatsu.