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Joy Global Inc., (NYSE: JOY) completed the transfer of its stock listing to the New York Stock Exchange with a bell-ringing ceremony on the exchange floor Tuesday. Joy Global is a worldwide leader in high-productivity mining products and owns the P&H and Joy Mining equipment brands. The company’s common stock had been trading on the NASDAQ under the JOYG symbol.
“I am very fortunate to be part of a company that has an outstanding reputation, not only for our high quality products and services, but also for our financial performance,” said Michael Sutherlin, Chief Executive Officer. “There is no question that this opportunity is only possible due to the efforts of all Joy Global employees around the world. I view our move to the NYSE to be just one more validation of the outstanding strength and reputation of Joy Global. The New York Stock Exchange offers unparalleled visibility to investors and greater financial flexibility for listed companies. This combination will allow Joy Global to continue growing, while investing in our people, products and facilities.”
“This is a great day for Joy Global and the 180 employees here at the Lebanon, Kentucky, plant,” said Blaine Farmer, Site Manager. “Listing on the NYSE reflects the efforts of all of our employees to build the best mining products in the world and is yet another example of how the work we do locally is vitally important to the global economy.”
Locally, Joy Global employs approximately 180 employees at our facility in Lebanon, Kentucky. They have been a significant part of the local economy since establishing a manufacturing presence in 2005.