Dana Spotlights Next-Generation Drive and Motion Mining Technologies and New Certified Reman™ Program at MINExpo®

Rhea-AI Summary

Dana Incorporated (NYSE: DAN) unveiled several advancements in its technology portfolio and aftermarket services for mining equipment at MINExpo®. Key highlights include:

• The new Dana Certified Reman™ program for Dana Spicer™ drive components, extending equipment life cycles and reducing total ownership costs.
• Showcasing drive and motion innovations improving efficiency and durability, including systems for electrifying mobile mining equipment.
• Introduction of an integrated fan solution for Brevini EvoMax® gearboxes used in mining conveyor applications.
• A Dana Brevini™ planetary gearbox with torque ranges up to 2,200 kNm for various mining applications.

The company also presented hybrid and zero-emission drivetrain solutions for underground loaders and drill rigs, demonstrating its commitment to sustainability and decarbonization in the mining industry.

Positive

• Introduction of Dana Certified Reman™ program, potentially increasing aftermarket revenue and customer retention
• Expansion of remanufacturing program to 50 additional locations by 2025, indicating growth in aftermarket services
• Showcase of new electrification solutions for mining equipment, positioning Dana in the growing sustainable mining market
• Introduction of integrated fan solution for gearboxes, potentially improving product competitiveness
• Presentation of high-torque planetary gearbox, expanding product offerings in mining applications

Negative

• None.

Insights

Industrial Technology Analyst

Dana's unveiling of new technologies and programs at MINExpo demonstrates a strategic focus on innovation and sustainability in the mining sector. The introduction of the Dana Certified Reman program is particularly noteworthy, as it addresses the growing demand for sustainable solutions in heavy equipment. This program could potentially boost Dana's aftermarket revenue and improve customer retention. The company's advancements in electrification, including hybrid and zero-emission drivetrain solutions, position Dana well in the evolving market for low-emission mining equipment. The enhanced design for conveyor gearboxes shows Dana's commitment to improving efficiency and reducing complexity in mining operations. While these developments are positive, their immediate impact on Dana's financial performance may be , as adoption rates in the conservative mining industry tend to be gradual. Investors should monitor the market reception of these new offerings and their contribution to Dana's revenue mix over time.

Environmental Sustainability Expert

Dana's focus on sustainability through its new Certified Reman program and electrification solutions aligns well with the global push for more environmentally friendly mining practices. The remanufacturing initiative is particularly impactful, as it extends equipment lifecycles, reducing waste and resource consumption. This approach not only appeals to mining companies looking to improve their environmental footprint but also potentially opens up new revenue streams for Dana in the circular economy. The company's hybrid and zero-emission drivetrain solutions address the critical need for reducing emissions in underground mining, where air quality is a significant concern. These technologies could give Dana a competitive edge as regulations tighten and mining companies increasingly prioritize ESG factors. However, the real test will be in the widespread adoption and performance of these systems in harsh mining environments. Investors should consider Dana's sustainability initiatives as a long-term value driver, potentially enhancing the company's reputation and market position in the evolving mining equipment landscape.

LAS VEGAS, Sept. 24, 2024 /PRNewswire/ -- Today at MINExpo^®, Dana Incorporated (NYSE: DAN) announced numerous advancements in its portfolio of technologies and aftermarket service capabilities for mobile and industrial mining equipment.

Located in booth 12359 of the West Hall, Dana is unveiling the new Dana Certified Reman™ program for Dana Spicer™ drive components used in mining and throughout off-highway. This new aftermarket remanufacturing initiative extends equipment life cycles to support sustainability initiatives and reduce the total cost of ownership.

"Dana's next-generation innovations and aftermarket programs at MINExpo demonstrate our deep commitment to driving customer performance, sustainability, and profitability at every stage of mining operations," said Marcus King, Vice President of Off-Highway Global Sales, Business Development, Strategy, and Program Management for Dana Incorporated.

Dana is also showcasing drive and motion innovations that improve efficiency, durability, and total return on investment, including new systems that advance the electrification of mobile mining equipment: 

• A low-emission series hybrid powertrain system for underground loaders that combines the high-efficiency Spicer Electrified™ eSP502 powershift transmission and an engine-mounted Dana TM4™ Sumo HP generator for added productivity.
• A zero-emission drivetrain solution for underground drill rigs incorporating a Spicer Electrified™ eSG101 single-speed e-Gearbox with a Dana TM4™ LD HV800 motor/inverter system.
• The introduction of an integrated fan solution for alignment-free Brevini EvoMax® helical and bevel-helical gearboxes used in mining conveyor applications.
• A Dana Brevini™ planetary gearbox supplying torque ranges up to 2,200 kNm for apron feeders, roller presses, and other applications.

Extending Life Cycles through Remanufacturing

The new Dana Certified Reman program restores Dana Spicer axles, transmissions, torque converters, and gearboxes to the same performance as new units from the factory with shorter delivery times and at a more competitive price.

Currently available at Dana facilities throughout Europe, the Dana Certified Reman program will extend to an additional 50 locations in North America, Europe, the Middle East, Africa, and China by the end of 2025.

Support for Electrified Mining Vehicles

Dana addresses individual mobile application needs through a technology portfolio that can be configured in both low- and zero-emission drivelines, helping original-equipment manufacturers (OEMs) chart a roadmap toward decarbonization with commercially available products.

At MINExpo, Dana is presenting its hybrid drivetrain system for underground loaders featuring the Spicer Electrified™ eSP502 powershift e-Transmission configured with an on-engine generator, a heavy-duty Spicer 20D axle, and Spicer driveshafts.

Additionally, Dana's zero-emission drivetrain solution for drill rigs and utility vehicles employs the new Spicer Electrified eSG101 single-speed e-Gearbox combined with a Dana TM4 LD HV800 motor/inverter system. The combination improves mechanical efficiency at double input speed by up to 40% when compared with traditional designs.

Enhanced Design for Conveyor Gearboxes

At MINExpo, Dana is introducing an update for Brevini EvoMax helical and bevel-helical gearboxes used in mining conveyor applications.

The new alignment-free gearbox option integrates the fan within the motor mount bell housing, eliminating the requirement for an external frame. It delivers superior cooling capacity that reduces installation complexity and provides a smaller footprint.

Dana's complete lineup of drive and motion technologies for the mining industry can be viewed by visiting dana.com/markets/off-highway/mining.

About Dana Incorporated

Dana is a leader in the design and manufacture of highly efficient propulsion and energy-management solutions that power vehicles and machines in all mobility markets across the globe. The company is shaping sustainable progress through its conventional and clean-energy solutions that support nearly every vehicle manufacturer with drive and motion systems; electrodynamic technologies, including software and controls; and thermal, sealing, and digital solutions.

Based in Maumee, Ohio, USA, the company reported sales of $10.6 billion in 2023 with 42,000 people in 31 countries across six continents. With a history dating to 1904, Dana was named among the "World's Most Ethical Companies" for 2023 and 2024 by Ethisphere and as one of "America's Most Responsible Companies 2023" by Newsweek. The company is driven by a high-performance culture that focuses on valuing others, inspiring innovation, growing responsibly, and winning together, earning it global recognition as a top employer. Learn more at Dana.com.

 

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SOURCE Dana Incorporated

FAQ

What new program did Dana Incorporated (DAN) announce at MINExpo 2024?

Dana Incorporated announced the new Dana Certified Reman™ program for Dana Spicer™ drive components used in mining and off-highway equipment at MINExpo 2024.

How is Dana (DAN) addressing electrification in mining equipment?

Dana is showcasing hybrid and zero-emission drivetrain solutions for underground loaders and drill rigs, including the Spicer Electrified™ eSP502 powershift e-Transmission and the Spicer Electrified eSG101 single-speed e-Gearbox.

What improvement did Dana (DAN) introduce for mining conveyor gearboxes?

Dana introduced an alignment-free gearbox option for Brevini EvoMax helical and bevel-helical gearboxes, integrating the fan within the motor mount bell housing to reduce installation complexity and provide a smaller footprint.

By when does Dana (DAN) plan to expand its Certified Reman program?

Dana plans to extend the Certified Reman program to an additional 50 locations in North America, Europe, the Middle East, Africa, and China by the end of 2025.