OEMS AND SUPPLIERS

Joy's bookings plunge in fourth quarter

CONTINUED mining industry deference of capital and maintenance spending has further cruelled Joy Global's figures with the company reporting a 9% decline in fourth quarter bookings to $US559 million.

Lou Caruana
Joy Global CEO Ted Doheny.

Joy Global CEO Ted Doheny.

Underground bookings were down by a massive 21% to $287 million for the three months to October 28, 2016 while surface bookings were down 2% to $289 million compared to the previous corresponding period....

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