GLOBAL REACH. LEADlNG TECHNOLOGY. - Zonebourse.com

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ted and silicosis liability), operations, the most prevalent of which relate to product liability (including asbestos related and silicosis liability), lved from time to employment, time in and commercial matters. In addition, we and our subsidiaries become involved from time to time in ns, our subsidiaries proceedings may relating to environmental matters. Also, as a normal part of their operations, our subsidiaries may e of products or services. undertake contractual obligations, warranties, and guarantees in connection with the sale of products or services. Some of these claims and obligations involve significant potential liability. er claims. Although Product The we liability sale of mining claims could equipment adversely entails affect an inherent us. risk of product liability and other claims. Although we re subject to substantial maintain product liability insurance covering certain types of claims, our policies are subject to substantial ll er be claims. adequate Although or deductibles. that The our we sale We of mining cannot be equipment certain that entails the an coverage inherent limits risk of of our product insurance liability policies and other will be claims. adequate Although or that our we ways re subject be able to to substantial purchase policies maintain will product cover liability any particular insurance loss. covering Insurance certain can be types expensive, of claims, and we our may policies not always are subject be able to to substantial purchase ll not be covered adequate by or insurance deductibles. that our on commercially We cannot be acceptable certain that terms, the coverage if at all. limits Claims of brought our insurance against policies us that are will not be covered adequate by or insurance that our ways iness, be financial able to condition, purchase or policies Page that 15 result will cover in recoveries any particular in excess loss. of insurance Insurance coverage can be expensive, could adversely and we affect may our not business, always be financial able to condition, purchase Page 15 not covered by insurance or insurance results of on operations. commercially acceptable terms, if at all. Claims brought against us that are not covered by insurance iness, financial condition, or that result in recoveries in excess of insurance coverage could adversely affect our business, financial condition, If or we results are of unable operations. to retain qualified employees, our growth may be hindered. ility to retain our If skilled we Our are ability unable to to provide retain qualified high quality employees, products our and growth services may depends be hindered. in part on our ability to retain our skilled es. Competition for personnel such in the areas of senior management, product engineering, servicing, and sales. Competition for such ility loyees to from retain time our personnel to skilled time. Our ability is intense to provide and our high competitors quality can products be expected and services to attempt depends to hire in our part skilled on our employees ability to from retain time our to skilled time. e es. to Competition retain the customer for In personnel particular, such in the our areas results of of senior operations management, could be product adversely engineering, affected servicing, if we are and unable sales. to Competition retain the customer for such al loyees personnel. from time relationships personnel to time. is intense and technical and our expertise competitors provided can be by expected our management to attempt team to hire and our skilled professional employees personnel. from time to time. e to retain the customer In particular, our results of operations could be adversely affected if we are unable to retain the customer al personnel. We relationships rely on significant and technical customers. expertise provided by our management team and our professional personnel. igh performance We mining rely We on are significant dependent customers. on maintaining significant customers by delivering reliable, high performance mining ependent upon any equipment single and other products on a timely basis. We do not consider ourselves to be dependent upon any single f igh our performance sales for fiscal customer; mining 2008. We are however, dependent our top on ten maintaining customers significant collectively customers accounted by for approximately delivering reliable, 35% of high our performance sales for fiscal mining 2008. ependent the mining upon industry. any Our equipment single The sales have and become other products more concentrated on a timely in basis. recent We years do as not consolidation consider ourselves has occurred to be in dependent the mining upon industry. any single The f references our sales for among fiscal consolidation customer; current 2008. however, and divestitures our top ten in customers the mining collectively industry may accounted result for in different approximately equipment 35% of preferences our sales for among fiscal current 2008. could, the mining at least industry. on Our and a short former The sales have significant become customers. more concentrated The loss in of recent one years or more as consolidation of our significant has occurred customers in could, the mining at least industry. on a short The ons. references among term consolidation current basis, have and an divestitures adverse effect in the on our mining business, industry financial may result condition, in different or results equipment of operations. preferences among current could, at least on and a short former significant customers. The loss of one or more of our significant customers could, at least on a short sely ons. affect our operating We term may basis, acquire have an other adverse businesses effect on or our engage business, in other financial transactions, condition, or which results may of operations. adversely affect our operating results, financial condition, and existing business. sely affect our operating We may acquire other businesses or engage in other transactions, which may adversely affect our operating ur core business. results, These From financial time to condition, time, we explore and existing transaction business. opportunities which may complement our core business. These or other structures. transaction Any opportunities may come in the form of acquisitions, joint ventures, start ups or other structures. Any n) ur general core business. business such These risk, From transaction time to may time, entail we explore any number transaction of risk opportunities factors including which may (without complement limitation) our general core business. business These risk, or transaction other structures. may integration transaction require Any opportunities risk, technology may risk, come and in market the form acceptance of acquisitions, risk. joint Additionally, ventures, any start such ups or transaction other structures. may require Any n) ntion, general and may business not utilization such create risk, transaction of debt, may equity entail or other any capital number resources of risk factors and our including management’s (without time limitation) and attention, general and may business not create risk, transaction may value integration require for us risk, or our technology stockholders. risk, and market acceptance risk. Additionally, any such transaction may require ntion, and may not utilization create of debt, equity or other capital resources and our management’s time and attention, and may not create Item value 1B. for us Unresolved or our stockholders. Staff Comments None. Item 1B. Unresolved Staff Comments None. Page 16 Page 16 Page 16 Page 16
Item 2. Properties As of October 31, 2008 the following principal properties of our operations were owned, except as indicated. Our worldwide corporate headquarters are currently housed in 10,000 square feet of leased space in Milwaukee, Wisconsin. All of these properties are generally suitable for the operations currently conducted at them. Underground Mining Machinery Locations Floor Space Land Area Location (Sq. Ft.) (Acres) Principal Operations Franklin, Pennsylvania 830,900 58 Component and parts production Warrendale, Pennsylvania 71,250 13 Administration and warehouse Reno, Pennsylvania 121,400 22 Chain manufacturing Brookpark, Ohio 85,000 4 Machining manufacturing Solon, Ohio 101,200 11 Gear manufacturing Millersburg, KY 115,000 (3) 14 Administration, manufacturing and warehouse * Bluefield, Virginia 102,160 15 Component repair and complete machine rebuilds * Duffield, Virginia 100,350 11 Component repair and complete machine rebuilds * Homer City, Pennsylvania 89,920 10 Component repair and complete machine rebuilds * Wellington, Utah 76,250 60 Component repair and complete machine rebuilds Lebanon, Kentucky 88,250 12 Component repair and complete machine rebuilds * Meadowlands, Pennsylvania 117,900 12 Global Distribution Center Mt. Vernon, Illinois 6,407 (5) 0 Sales Office * Nashville, Illinois 12,700 (1) 0 Satellite Warehouse * Brookwood, Alabama 12,500 7 Satellite Warehouse / Sales Office * Henderson, Kentucky 16,000 (1) 1 Satellite Warehouse / Sales Office * Pineville, West Virginia 35,000 18 Satellite Warehouse Eagle Pass, Texas 1,600 (1) 0 Sales Office * Green River, Wyoming 10,000 1 Satellite Warehouse / Sales Office * Carlsbad, New Mexico 12,000 3 Satellite Warehouse / Sales Office * Price, Utah 6,000 (1) 0 Warehouse & Storage * Lovely, Kentucky 13,920 (4) 1 Satellite Warehouse * Norton, Virginia 24,000 2 Satellite Warehouse * McCourt Road, Australia 97,392 33 Original equipment, component repairs and complete Machine rebuilds Parkhurst, Australia 76,639 19 Component repair and complete machine rebuilds Wollongong, Australia 26,996 (1) 4 Component repair and complete machine rebuilds * Steeledale, South Africa 250,381 13 Component repairs and manufacturing * Wadeville, South Africa 324,739 29 Original equipment, component repair and complete Machine rebuilds Pinxton, England 76,000 10 Component repair and complete machine rebuilds. Wigan, England 60,000 (4) 3 Engineering and administration * Worcester, England 178,000 14 Original equipment and component repairs * Tychy, Poland 52,312 (8) 8 Original equipment, component repair and complete machine rebuilds Baotou, China 29,756 (8) 4 Component repair Tianjin, China 63,680 (9) 8 Original equipment and sales office Kuzbass, Russia 15,750 3 Component repair and rebuild facility Kolkata, India 3,100 1 Sales Office Page 17
Page 1 and 2: global reach. leading technology. j
Page 3 and 4: f i n a n c i a l h i g h l i g h t
Page 5 and 6: than doubled from 2007, while after
Page 7 and 8: future revenues. The ultra-class dr
Page 9 and 10: UNITED STATES SECURITIES AND EXCHAN
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Page 13 and 14: PART I This document contains forwa
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Page 17 and 18: Fiscal 2008 Developments: • First
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Page 39 and 40: is adjusted appropriately for futur
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6. Accounts Receivable Joy Global I
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Joy Global Inc. Notes to Consolidat
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Stamler Joy Global Inc. Notes to Co
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22. Subsidiary Guarantors Joy Globa
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