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AEM: Photos Tell the Stories of Equipment Manufacturing Workers

Photos were taken by documentary photographer Brad Romano were unveiled today by the Association of Equipment Manufacturers (AEM). More than 150 photos were collected as part of an ongoing effort to help tell the story of the 1.3 million men and women of the equipment manufacturing industry. The photos were taken in April of this year at AGCO Corporation (Jackson, MN), Komatsu (Peoria, IL), Superior Industries (Morris, MN), Vermeer Corporation (Pella, IA), Weiler (Knoxville, IA), and Woods Equipment (Oregon, IL).
The first batch of photos, two dozen in total, are featured on I Make America’s website (AEM’s national grassroots campaign) and on I Make America’s new Instagram account. I Make America is made up of 50,000 supporters from across the country who advocate for policies that support manufacturing jobs and help America’s equipment manufacturers compete globally.
“A picture is worth a thousand words, and these photos will help tell the stories of the 1.3 million men and women of the equipment manufacturing industry,” said Kip Eideberg, AEM’s vice president of government and industry relations. “Lawmakers in Washington, D.C. make decisions that impact our industry, our jobs, and our communities, and we want them to better understand what our industry looks like and get to know some of the men and women who make America.”
AGCO Corporation
“AGCO was proud to take part in this project by featuring the women and men at our Jackson, Minn. manufacturing facility. Our employees make a significant contribution to the U.S. economy, so its important policymakers know the decisions they make impacts American manufacturing workers like ours. That’s why telling their story is so important and we feel these photos help do that. AGCO was proud to participate.” – Robert Crain, Senior Vice President, and General Manager Americas, AGCO Corporation
Chase Vaske, AGCO Corporation, all suited up in preparation to enter the machinery painting booth at AGCO’s Jackson, Minn. Manufacturing facility.
Komatsu
“The industries we equip are essential to modern life. Employees at our 28 North American manufacturing facilities are essential contributors to vital economies, producing high-quality equipment that allows our customers to drive society forward. From towns across the United States, our teams bring to life the Komatsu commitment to safety, quality, and reliability. We are honored our teams’ hard work is highlighted in this important photo series from AEM, and grateful for the generations of Komatsu employees who have contributed to our rich history.” – Michael Gidaspow, director of sales and marketing for Komatsu’s North America Central Region
A Komatsu employee at the company’s Peoria Manufacturing Operation in Illinois inspects the quality of work on an electric dump truck component. Komatsu has 28 manufacturing facilities across the United States that produce equipment to support the global construction, mining, forklift, and forestry industries.
Superior Industries
“Generally, most of Superior’s manufacturing facilities are located in small-town America. It’s here where we find loyal employees looking for hard work and lots of opportunities. We’re grateful to AEM for showcasing our humble, rural colleagues. Together, they’re building equipment that strengthens our infrastructure and powers American development.” – Corey Poppe, Communications Manager, Superior Industries
Scott is a pulley welder at Superior’s conveyor components production facility in Morris, Minnesota. Pulleys are an integral component in the manufacturer’s conveyors that are used in the aggregate production process.
Vermeer Corporation
“Our Vermeer team designs, builds and supports equipment that is making an incredible impact. The work of our team here in Pella, Iowa and around the world helps feed and fuel communities, connect people to the necessities of life and manage natural resources. We hope that sharing images of the work of this team helps show the importance of equipment manufacturing to the economy both in the U.S. and globally.” – Jason Andringa, President and CEO, Vermeer
Assemblers on the Vermeer baler line work together to build one of the most iconic pieces of Vermeer equipment, the round baler.
Weiler
“Telling the story of our workers through this photographer’s camera enables us to show policymakers who is most impacted by the decisions they make every day. Weiler depends on skilled workers like the ones featured in these photos to design, engineer and manufacture asphalt paving products in Knoxville, Iowa. They are the reason Weiler is able to produce the equipment needed to build infrastructure through contractors in all fifty states and around the world.” – Megan Weiler Green, Counsel, Weiler
Zach Clark is an Assembler with Weiler. He is installing hydraulic lines to the hydraulic pump of a Weiler road widener.
Woods Equipment
“Our employees are proud of the products we manufacture and even prouder to be building them here in the USA — in the same spot the Woods brothers founded our company in 1946. We have many, many Team Members whose parents, aunts, uncles, and even grandparents worked here. They want to continue the legacy and keep these high-quality jobs in Oregon, Illinois, for their children and grandchildren. That’s why we’re strong supporters of I Make America and do all we can to help AEM tell the story of American workers.” – Angela Kay Larson, Vice President, Marketing, Woods Equipment, a division of Blount International
Jason Grenoble, Batwing® Assembler. Jason Grenoble completes the assembly of a Batwing® rotary cutter
To encourage investment, job growth, and development and production of more equipment in the United States, AEM advocates on behalf of its more than 1,000 members to urge elected officials to champion policies that creates a globally competitive business environment, rebuilds our nation’s infrastructure, opens foreign markets for equipment manufactures in the United States, and keeps the U.S. agricultural economy strong. The association’s membership represents companies with over 200 product lines in the agriculture, construction, mining, forestry, and utility industries. This year, AEM is celebrating its 125th anniversary.
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About AEM
AEM is the North American-based international trade group representing off-road equipment manufacturers and suppliers, with more than 1,000 companies and more than 200 product lines in the agriculture and construction-related industry sectors worldwide. The equipment manufacturing industry supports 1.3 million jobs in the U.S., and 149,000 more in Canada. Equipment manufacturers also contribute $188 billion combined to the U.S. and Canadian economies. AEM is celebrating its 125th anniversary in 2019.
For more information on AEM’s advocacy leadership, please visit www.aem.org/advocacy.
About I Make America
I Make America is the grassroots campaign of the Association of Equipment Manufacturers
(AEM), which advocates for policies that support manufacturing jobs and help America’s
equipment manufacturers compete globally. For more information about I Make America, please visit www.imakeamerica.org.

CONEXPO Products from: Ditch Witch, Doosan Portable Power, Hilti, Hyundai, KCM, Komatsu, Liebherr, Tadano

Komatsu acquires Joy Global to expand mining business

Komatsu acquires Joy Global to expand mining business

Joy Global Inc. will be renamed Komatsu Mining Corp., headquarters remains in Milwaukee, WI  

Komatsu America Corp., a subsidiary of Komatsu Ltd. (TYO: 6301) (“Komatsu”) has completed its acquisition of Joy Global Inc. (NYSE: JOY) (“Joy Global”), a worldwide leader in high-productivity mining solutions.

Retaining its headquarters in Milwaukee, WI, Joy Global Inc. will be renamed Komatsu Mining Corp. and operate as a subsidiary of Komatsu. The company will 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 will allow us to offer a complete range of mining solutions for our customers,” said 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 unrivaled mining solutions and services provider.”

The close of the transaction adds to the Komatsu team more than 10,000 people with deep knowledge and experience in the mining industry, bringing the company’s global total to more than 57,000 employees. With a focus on providing uninterrupted and unrivaled service and products for its customers, Komatsu plans to leverage the best practices of both companies while aligning the organization 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 Milwaukee, WI. Following the close of the transaction – valued at approximately $3.7 billion, including Joy Global’s outstanding indebtedness – Joy Global shares will be delisted from the NYSE and will no longer be publicly traded.


About Komatsu

Komatsu Ltd., established in 1921, is a diversified provider of industrial-use products and services. While remaining an international leader in the field of construction and mining equipment, the company engages in other business, such as industrial machinery and vehicles, logistics, electronics and other solutions-based operations. The company is based in Tokyo, Japan, with locations worldwide. For more information visit www.komatsu.com.

Komatsu to acquire U.S. mining equipment manufacturer Joy Global

Komatsu logoKomatsu Ltd. (Head office: Minato-ku Tokyo, President and CEO: Tetsuji Ohashi, hereafter “Komatsu” or “Company”) announced today that it has signed a definitive agreement with Joy Global Inc. (Head office: Wisconsin, USA, CEO: Edward L. Doheny II, hereafter “Joy Global”, NYSE), a leading manufacturer of surface and underground mining equipment, under which Komatsu America Corp. (Head office: Illinois, USA, Chairman and CEO: Rodney Schrader, hereafter “KAC”), a wholly-owned subsidiary of Komatsu in the USA, will acquire 100% ownership of Joy Global (hereafter “Acquisition”). The Acquisition is expected to close in mid- 2017, subject to the approval of shareholders of Joy Global and the receipt of necessary regulatory approvals under laws in relevant countries.

Purpose of the Acquisition

Komatsu embarked in April on a mid-range management plan for the next three years (2016-2018) under the slogan “Together We Innovate GEMBA Worldwide – Growth Toward Our 100th Anniversary (2021) and Beyond”. The Acquisition is in line with the growth strategy of the plan which calls for the Company to strengthen the core mining equipment business in an effort to achieve sustainable growth.

Joy Global is a worldwide mining machinery and services company founded in 1884. Through its leading brands — P&H, Joy and Montabert – Joy Global manufactures and services advanced original equipment and parts for underground and surface mining applications, as well as material handling systems and components for a variety of applications, products that complement existing Komatsu products. The company’s integrated technology, services and solutions are a critical component of operations in a variety of commodity markets including energy, hard rock and industrial minerals. The company operates globally and generates an annual revenue of 3,172 million US dollars (approximately 333 billion yen at @105yen/U$).

Komatsu has engaged in the mining equipment business since its foundation in 1921. In the 1990s the Company expanded by acquiring selected mining equipment manufacturing and distribution businesses operating in major mining regions. Today, Komatsu’s annual revenue of 450 billion yen from mining equipment business is generated by surface mining equipment only, as the Company’s portfolio does not include equipment for underground mining. Further, the Company’s product lineup does not include super large-sized loading equipment for surface mining.

Demand for mining equipment has declined dramatically from the peak, reflecting economic slowdown in emerging countries and low commodity prices. Over the long term, however, the mining equipment business is projected to grow, driven by population growth and rapid urbanization around the world. In terms of mining techniques, economic rationale will call for use of larger equipment in surface mining as well as further development of underground mining.

Joy Global and Komatsu’s product lines will integrate well, expanding options for customers worldwide, as Komatsu can now offer the underground mining equipment and super large-sized loading equipment of which Joy Global is a leading provider. Both companies value a direct sales and service approach and will continue to engage with customers globally. Merging manufacturing technologies and linking products through Komatsu’s fleet management system will further capabilities on both sides to directly engage with customers to optimize machine performance and enhance automation for safety and productivity gains. Komatsu will continue to offer Dantotsu products, Dantotsu services, and Dantotsu solutions to our customers to jointly create innovation in mining operations.

Benefits of the Acquisition

The corporate culture at Joy Global values pursuit of safety, improvement of customer productivity ($/ton reduction), and the drive for innovation. This is very similar to the corporate culture at Komatsu. Komatsu and Joy Global also share the approach of offering “direct sales/services” to customers, engaging with them directly to address issues at their jobsites. The Acquisition of Joy Global, which shares similar cultures, values and strategies with Komatsu, is expected to bring Komatsu the following two benefits.

(1)Complementary product lineup

Joy Global’s lineup of surface mining equipment includes rope shovels, super large wheel loaders, draglines and drills which Komatsu does not offer. Joy Global’s lineup of rope shovels and super large wheel loaders pair well with the super large electric dump truck Komatsu manufactures and will generate synergies in sales and services. In addition, Joy Global manufactures underground mining equipment, another area Komatsu has not engaged in. With the Acquisition, Komatsu will become a meaningful participant in underground mining as well. The Acquisition will allow Komatsu to offer Dantotsu products to customers in both surface mining and underground mining businesses.

(2)Stronger Dantotsu solution offerings

Joy Global places priority on providing solutions that enhance safety and productivity of customer operations. For example, JoySmart Solutions leverages the Internet of Things to connect customer products with experts using data and analytics to improve mine performance. Komatsu also engages in the improvement of safety and productivity with its Autonomous Haulage System, mine fleet management systems and KOMTRAX Plus, which all serve to visualize jobsite operations. Data obtained from IoT-based mining equipment and systems will be connected and used through the open platform of Komatsu and this will bring synergies in providing Dantotsu solutions to customers.

Structure of the Acquisition

This Acquisition is structured as a reverse triangular merger between Joy Global and a wholly owned subsidiary KAC has established for the purpose of the Acquisition (“Acquiring Subsidiary”). Joy Global will be the surviving company and the shareholders of Joy Global will receive the cash payment as described below. At the same time, shares of the Acquiring Subsidiary owned by KAC will be converted into outstanding shares of the surviving company, making the surviving company the wholly-owned subsidiary of KAC. The Acquisition is subject to approval by the meeting of shareholders of Joy Global, receipt of necessary regulatory approvals under the applicable laws in relevant countries, and the satisfaction of other customary closing conditions stipulated in the Acquisition agreement. Under the Acquisition agreement, Komatsu guarantees the performance of obligations of KAC and the Acquiring Subsidiary.

Komatsu will acquire Joy Global for U$ 28.3 per share (total of approximately 2,891 million US dollars * (approximately 303.6 billion yen at 105yen/U$)). Komatsu plans to finance the Acquisition through funds on hand and bank loans and does not plan to increase capital at this stage.

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Future outlook

After the Acquisition is complete, Joy Global will become a consolidated subsidiary of Komatsu. The Company will make a disclosure of the impact of the Acquisition on its performance in a timely fashion as needed after the close of the transaction.

As the Acquisition is expected to close in or after April 2017, the Acquisition will have no impact on the results and performance of Komatsu for the fiscal term ending March 2017.

Information in the news releases is current on the date of the announcement and is subject to change without notice.

To view the complete release click here:

Komatsu America Introduces the PC210LCi-10 Hydraulic Excavator

Komatsu America Introduces