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Gold/Mining/Energy : Joy Global

JOY 28.30

0.0%

Apr 13 4:00 PM EDT

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From: Condo	11/16/2008 4:48:32 PM
	of 28

Joy Global sees its high-tech factories in China as key tradingmarkets.com ... Joy's third factory in China is scheduled to open in mid-2009. Two of the three factories are for P&H Mining Equipment Co., a division of Joy Global. Those plants will build gears, shafts and transmission components used in P&H machines. In addition, Joy has forged relationships with Chinese companies as suppliers. "China is an important part of our business strategy," Sutherlin said. "The critical mass that we built in China allows us to develop a supply chain based in China that also contributes to cost efficiency in that market. We are convinced that costs in China will continue to be lower than in most other places in the world." As the North American portion of Joy's business has shrunk, it has grown in emerging markets such as China, India and Russia. About half of the company's asset base and employment is now outside of the United States. ...

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