Despite a slowdown in the local mining industry, one company is making a big investment. Whayne Supply and their partner company, Walker Machinery, have created a new mining division focused on providing all of the equipment for underground mining
Whayne Supply has long been a supplier of surface mining equipment through their partnership with Caterpillar, but the company had only supplied about 25 percent of the equipment needed for mining operations. With Caterpillar’s acquisition of Bucyrus, they will now be able to supply over 90 percent of all of the equipment used throughout the mining industry.
While Whayne Supply has not been immune to the economic slowdown of the coal industry, they have decided to take the risk with Caterpillar to continue to support and supply mining. Whayne and Walker CEO Monty Boyd said that he has confidence in the industry because of the expanding industrialization of foreign nations. While many of these nations do have some coal, they are not going to be able to sustain themselves affordably as they grow on the relatively small amount of coal many of them have naturally.
Boyd went on to say that this investment is not one he expects to see pay off in just a few years. This is a long-term investment that he thinks will pay off after decades.
More information about the new division and products for Whayne and Walker Underground Mining, can be found at the Whayne Supply website www.Whayne.com.