EXHIBIT 12.1

Joy Global Inc.
Computation of Ratio of Earnings to Fixed Charges
In Millions

	Predecessor
	FYE 2000			11/01/00 to 6/23/01			6/24/01 to 10/31/01			FYE 2002			FYE 2003			FYE 2004
Income (loss) from continuing operations before
provision (benefit) for income taxes and minority
interest per Statement of Income		(31	.3)		25	.0		(62	.1)		(43	.8)		27	.9		94	.6
Add:
Portion of rents representative of the
interest factor		4	.5		3	.8		1	.9		5	.1		5	.8		5	.7
Interest on indebtedness, including amortization
of debt expense and premium		28	.4		29	.3		11	.0		31	.0		27	.0		24	.3
Amortization of debtor-in-posession debt expense
(included in reorganization costs)		10	.6		4	.1		--			--			--			--
Subtract:
Equity income recorded on investment
in Asea AB		0	.2		--			--			--			--			--
Earnings		12	.0		62	.2		(49	.2)		(7	.7)		60	.7		124	.6
Interest on indebtedness, including amortization
of debt expense and premium		28	.4		29	.3		11	.0		31	.0		27	.0		24	.3
Amortization of debtor-in-posession debt expense
(included in reorganization costs)		10	.6		4	.1		--			--			--			--
Rents
Consolidated rent expense		13	.4		11	.3		5	.6		15	.2		17	.5		17	.1
Portion of rents representative
of the interest factor (1/3)		4	.5		3	.8		1	.9		5	.1		5	.8		5	.7
Fixed charges		43	.5		37	.2		12	.9		36	.1		32	.8		30	.0
Ratio of earnings to fixed charges		--			1	.7		--			--			1	.8		4	.2
Additional Earnings needed to cover		31	.5		--			62	.1		43	.8		--			--