O&K Increases Its Presence In US Excavator Market

- Organization:
- Society for Mining, Metallurgy & Exploration
- Pages:
- 2
- File Size:
- 238 KB
- Publication Date:
- Jan 1, 1997
Abstract
In 1996, O&K Orenstein and Koppel Inc. announced big plans to increase its presence in the US mining market. Even though the company, a part of Ger- man-based O&K Mining GmbH, has been in the United States for about 100 years, it has lived in relative anonymity. That despite being one of the largest makers of hydraulic mining shovels and excavators in the world. The plan must be working. In the 14 months through December 1996,O&K increased its sales to surface mines and quarries in the United States by 250'70, according Rolf Weber, company president. "In the next five years, we anticipate total revenue from our US operations will grow from the current $50 million to $200 million," he said. "Toward that end, we have concentrated our efforts on the supply of reliable, high-output machinery and responsive service after the sale."
Citation
APA: (1997) O&K Increases Its Presence In US Excavator Market
MLA: O&K Increases Its Presence In US Excavator Market. Society for Mining, Metallurgy & Exploration, 1997.