Wisconsin Welcomes Komatsu Mining
Recently, executives from Japan’s Komatsu Ltd., Milwaukee’s mayor and Wisconsin’s governor formally cut the ribbon in a ceremony that launched the subsidiary Komatsu Mining Corp.
The subsidiary is comprised primarily of former U.S.-based mining machinery and solutions company Joy Global. Komatsu Ltd. acquired Joy Global on April 5 for $3.7 billion. Komatsu Mining Corp. is headquartered in Milwaukee.
Executives said they were satisfied with the acquisition.
FAMUR Takes Over Kopex Group
FAMUR S.A. offered to purchase the 65.8% of Kopex S.A. it did not already own for PLN 204 million ($53 million). The Kopex acquisition is a breakthrough in the development of the FAMUR Group, the company said. The transaction, which is expected to close in the first quarter of 2018, will create one strong supplier of underground coal mining equipment in Poland that can also compete with others abroad.
EFD Announces 100% Growth in Testing, Technical Services Business
Eriez Flotation Division (EFD) announced its technical services business has doubled since 2015. Eriez maintains an assortment of bench and pilot-scale equipment for both laboratory and in-field evaluations. EFD conducts on-site testing for clients at its 15,000-ft2 Central Test Lab (CTL) which is located within the Eriez Wager Road plant in Erie, Pennsylvania.