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Bucyrus International, Inc.
Type Public
Fate Pending purchase by Caterpillar Inc. (mid-2011)
Predecessor
  • Bucyrus Foundry and Manufacturing Company (1880-1893)
  • Bucyrus Steam Shovel and Dredge Company of Wisconsin (1893-1895)
  • The Bucyrus Company (1895-1911)
  • Bucyrus Company (1911-1927)
  • Bucyrus-Erie Company (1927-1996)
  • Founded Bucyrus, Ohio, United States (1880 (1880))
    Founder(s) Daniel P. Eells et al.
    Headquarters South Milwaukee, Wisconsin, United States
    Area served Worldwide
    Key people Timothy W. Sullivan, President, CEO and Director
    Industry Machinery manufacturing
    Products
  • 8750 Dragline
  • RH400 Hydraulic Excavator
  • MT6300AC Mining Truck
  • Services Maintenance
    Revenue (turnover) increase US$3,650,563,000 (FY 2010)
    Operating income increase US$534,764,000 (FY 2010)
    Net income increase US$315,750,000 (FY 2010)
    Total assets increase US$5,019,828,000 (FY 2010)
    Total equity increase US$2,039,114,000 (FY 2010)
    Employees ~10,000 (2009)
    Website http://www.bucyrus.com/
    [1]

    Bucyrus International, Inc. is a manufacturer of heavy mining equipment. Founded in Bucyrus, Ohio, USA in 1880, the headquarters were moved to its current location in South Milwaukee, Wisconsin in 1893. It was an early producer of steam shovels. Its products now include large electric rope shovels, walking draglines, and rotary blasthole drills for the surface mining industry. Formerly Bucyrus-Erie, they built hundreds of large mining machines, as well as construction equipment, in an intense competition against competitor Marion Power Shovel. Bucyrus acquired Marion Power Shovel in 1997. It markets equipment under the brands Bucyrus, Bucyrus-Erie, Marion, and Ransomes & Rapier. In May 2007, Bucyrus acquired the DBT Group from the RAG Group of Germany. DBT manufactures underground mining equipment that complements the current surface machinery line. On November 15, 2010, Bucyrus agreed to be acquired by Caterpillar in a transaction valued at US$8.6 billion. Caterpillar intends to create its mining business headquarters in the current Bucyrus South Milwaukee, Wisconsin headquarters location and maintain the Bucyrus brand for key Bucyrus legacy products. The transaction is expected to close in mid-2011 following regulatory approval from competition authorities in several countries.

    History Edit

    1880-1927Edit

    Bucyrus was an early producer of steam shovels, operating from its Bucyrus, Ohio headquarters and manufacturing facility. In 1893, Bucyrus moved its operations to South Milwaukee, Wisconsin.[2]

    Bucyrus Pan American
    A Bucyrus steam shovel working in the Panama Canal
    Scoty6776Added by Scoty6776

    In 1904 Bucyrus supplied 77 of the 102 steam shovels used to dig the Panama Canal.[3]

    The company changed its name to Bucyrus-Erie in 1927 when it merged with the Erie Steam Shovel Company, the country's leading manufacturer of small excavators at that time.

    In 1930 Bucyrus joined with the English firm of Ruston & Hornsby Ltd Lincoln, England, to form the Ruston-Bucyrus Ltd firm in England. Ruston & Hornsby Ltd were the pre-eminent manufactures of Steam excavators at the time, having started in 1874; the merger gave the company access to previously unavailable world markets. Ruston & Hornsby Ltd sold their share in Ruston-Bucyrus in 1985, during a period of recession and consolidation in the Mining industry, as they divested themselves of non-core businesses to survive.

    1980-presentEdit

    For a time in the 1980s the company was known as Becor Western following its merger with Western Gear.[citation needed]

    On February 22, 1993, Bucyrus-Erie filed for Chapter 11 bankruptcy, and remained under bankruptcy protection until December 14, 1994.[4]

    The company took its current name, Bucyrus International, Inc. in 1997.[citation needed]

    Bucyrus built hundreds of large mining machines, as well as construction equipment, in an intense competition against competitor Marion Power Shovel. Bucyrus acquired Marion Power Shovel in 1997.[citation needed]

    On May 4, 2007, Bucyrus completed the acquisition of the DBT Group, a Lunen, Germany based manufacturer of underground mining equipment, from RAG Coal International AG of Herne, Germany. Bucyrus acquired DBT because DBT's underground mining equipment complemented Bucyrus' surface mining products.

    In February 2010, Bucyrus International completed a US $1.3 billion acquisition of the mining equipment division of Terex Corporation.[citation needed] The Terex ming division include the former O&K mining excavator lines. These were subsequently rebranded in Bucyrus colours.

    On November 15, 2010, Bucyrus agreed to be acquired by Caterpillar in a transaction valued at US$8.6 billion. Caterpillar intends to create its mining business headquarters in the current Bucyrus South Milwaukee, Wisconsin headquarters location and maintain the Bucyrus brand for key Bucyrus legacy products. The transaction is expected to close in mid-2011.


    Models Edit

    Bucyrus owns the Bucyrus, Bucyrus-Erie, Marion, and Ransomes & Rapier brands and provides OEM parts and support services for machinery which bears those brands.[5]

    The former O&K models acquired from Terex and rebranded as Bucyrus models are to be branded as Caterpillar models following the recent take over.[6]

    HistoricalEdit

    • 4250-W walking dragline, also known as Big Muskie, was built in 1969, with a 220-cubic-yard (170 m³) bucket and weighed 14,400 tons[vague]. Big Muskie's 220 cubic yard bucket is currently sitting outside on McConnellsville, Ohio in a small park dedicated to coal mining.
    • Tow 3850-B stripping shovels built in 1962 and 1964, with bucket capacities of 115 and 145 cu yd (88 and 111 m³).
    • The 2570-W or WS, one of B-E's most popular dragline models with bucket capacities between 120 and 160 cu yd (92 and 120 m³).
    • The Silver Spade and its twin the GEM of Egypt, 1950B Stripping shovels, was built in 1965 and 1967 respectively, with a bucket capacity of 80 m³ (100 cu yd).The Silver Spade was scrapped in 2007.Many videos can be seen of it working thru Bennetshovel on Youtube.com
    • The Stripping shovel Big Brutus a 1850-B was built in 1962, with a 90 yard bucket. This is known as Big Brutus and currently sits in West Mineral,Kansas as the huge centerpiece of a museum.
    • The 1250-B/W and 1260-W walking draglines, with buckets between 33 and 45 cu yd (25 and 34 m³).
    • The 5-W walking dragline, carrying a 5-cubic-yard (3.8 m³) bucket and produced until around 1970;
    • Marion Power Shovel Company of Marion, Ohio designed the crawler transporter used to carry Saturn V rockets and Space Shuttles to their launch pads.

    See also Edit

    Reference Edit


    External links Edit


    Smallwikipedialogo This page uses some content from Wikipedia. The original article was at Bucyrus. The list of authors can be seen in the page history. As with Tractor & Construction Plant Wiki, the text of Wikipedia is available under the Creative Commons by Attribution License and/or GNU Free Documentation License. Please check page history for when the original article was copied to Wikia

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