GLOBAL REACH. LEADlNG TECHNOLOGY. - Zonebourse.com

Fiscal 2008 Developments:
• First shipments of conveying equipment made to Russia through Kemerova, Siberia office.
• JLV(r) Pulley product line was launched in the Americas.
• Consolidated U.S. manufacturing operations of the Hewitt-Robins brand into Belton, SC location.
Products and Services:
Feeder breakers – Feeder breakers are a form of crusher that uses rotating drums with carbide-tipped bits to
break down the size of the mined material for loading onto conveyor systems or feeding into processing facilities.
Mined material is typically loaded into the feeder breaker by a shuttle car or battery hauler in underground
applications and by haul trucks in surface applications.
Conveyor systems – used in both above- and under-ground applications. The primary component of a conveyor
system is the terminal which itself comprises a drive, discharge, take-up and tail loading section.
High angle conveyors – The Continental High Angle Conveyor is a versatile method for elevating or lowering
materials continuously from one level to another at extremely steep angles. One of the differentiating factors of the
Continental technology is the use of the proprietary fully equalized pressing mechanism which secures material
toward the center of the belt while gently, but effectively, sealing the belt edges together. The High Angle
Conveyor has throughput rates ranging from .30 to 4,400 tons per hour.
Seasonality
All of our business segments are subject to moderate seasonality, with the first quarter of our fiscal year
generally experiencing lower sales due to a decrease in working days caused by the Thanksgiving and year-end
holidays.
Financial Information
Financial information about our business segments and geographic areas of operation is contained in Item 8 –
Financial Statements and Supplementary Data and Item 15 – Exhibits and Financial Statement Schedules.
Employees
As of October 31, 2008, we employed approximately 11,800 people with approximately 5,700 employed in the
United States. Collective bargaining agreements or similar type arrangements cover 36% of our U.S. workforce and
25% of our international employees.
Customers
Joy, P&H and CCC sell their products primarily to large global and regional mining companies. No customer or
affiliated group of customers accounted for 10% or more of our consolidated sales for fiscal 2008.
Competitive Conditions
Joy, P&H and CCC conduct their domestic and foreign operations under highly competitive market conditions,
requiring that their products and services be competitive in price, quality, service, and delivery. The customers for
these products are generally large mining companies with substantial purchasing power.
Joy’s continuous miners, longwall shearers, powered roof supports, armored face conveyors, continuous
haulage systems, shuttle cars, and battery haulers compete with similar products made by a number of both
established and emerging worldwide manufacturers of such equipment. Joy’s rebuild services compete with a large
Page 9