Komatsu and GE Mining have struck an agreement to collaborate on developing next generation mining equipment which would meet the needs and requirements of customers and commercial partners around the globe.
According to the media release by Komatsu, the joint collaboration between the companies will be focused on developing solutions to increase customer productivity and safety for underground mines.
The new company will bear the name of Komatsu GE Mining Systems LCC and will be headquartered at the GE Transportation facility in Erie, Pennsylvania, with each party owning 50% of the new company.
Komatsu and GE Transportation, the parent company of GE Mining, have been partners for Komatsu electric dump trucks for use in open-pit mines, for which GE has provided electric drive systems. Under the terms of the agreement, GE will be tasked to provide its electric power expertise, electric drive systems and battery technologies, while Komatsu will provide its vehicles and ITC technologies for mining equipment to deliver innovative solutions to global mining customers.
Komatsu Ltd. is a leading global manufacturer of construction and mining equipment and industrial machinery. The company owns and operates 42 plants in 13 countries, including Australia. Furthermore, Komatsu is an industry leader in ICT applications, such as KOMTRAX (Komatsu Machine Tracking System), which is installed in more than 330,000 construction equipment working around the globe.
GE is a world renowned company that specializes in finding solutions in energy, health and home, transportation and finance.
GE Mining, a division of GE Transportation, offers mining products, services and solutions in surface and underground mining. The company provides a broad range of services, such as delivery of reliable power in remote regions, delivery of water supply and management services and maximizing the output of its clients’ equipment. The company’s solutions are tailored to meet the needs of its clients’ challenges in the most productive, efficient and safest way possible.
In addition, GE Mining offers global customers AC & DC electric drive systems for heavy- and medium-haul off highway vehicles, tethered electrical and battery vehicles and support equipment for intrinsically safe underground applications and a suite of additional equipment, services and solutions to solve its customers’ woes.