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Tuesday, 25 August 09
BHARAT LOOKS TO BULLDOZE RIVALS WITH LOWER PRICES
 The Jakarta Globe reported that, The country’s two established heavy equipment suppliers now have a competitor in the form of Indian firm Bharat Earth Movers, which has set up an operation in Balikpapan, East Kalimantan.
Bharat’s total investment, including a basic assembly plant and after-sales service network, is expected to reach an estimated $44 million.
“Based on our study, Indonesia presents big opportunities for heavy equipment,” Bharat’s chairman and managing director, V RS Natarajan, said at a launch ceremony in Jakarta on Monday. “We believe that the total market is worth between $500 and $600 million.”
Until Bharat’s arrival, there had only been two heavy equipment suppliers in Indonesia — US-based Caterpillar and Japan-based Komatsu.
Natarajan said that Bharat would be seeking a 10 percent market share worth an estimated $50 million in its first year of operations.
“Currently, we have contracts with two Indonesian companies — Bumi Resources and another Bakrie group company,” he said. “The contracts are worth $44 million and cover three products: hydraulic excavators, bulldozers and wheel dozers.”
Over the next two years, Bharat is targeting $300 million in heavy equipment sales. “And if we achieve that target, we will open a full assembly plant in Indonesia,” Natarajan said.
Bharat is an Indian state-owned company run by that country’s Ministry of Defense.
It produces 35 types of heavy equipment for the mining and construction sectors, defense equipment and metro and railway equipment. To establish its edge among the competition, Natrajan said that Bharat would offer customers lower prices, faster arrival times and warranties of up to 17 years.
“India and Indonesia are quite near each other, compared to Japan or the United States. So we’re able to promise the customer faster arrival times,” he said.
This is the fourth branch outside of India that has been established by Bharat, with the others being in Malaysia, China and Brazil.
“We chose Indonesia as this country has a strong mining sector, but lacks heavy equipment,” Natrajan said.
The arrival of Bharat comes at a difficult time for the heavy equipment industry, as the economic slump continues to eat into mining output.
“Many of the existing companies have had to postpone expanding capacity due to the global crisis, which has forced mine operators to delay their purchases of heavy equipment,” Pratojo Dewo, the chairman of the Heavy Equipment Industry Association (Hinabi), said on Sunday, as quoted by Kontan business daily.
Source: The Jakarta Globe
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Wednesday, 30 December 09
CHINA'S 2010 COAL DEMAND COULD RISE 4%-6%, ACCORDING TO CHINA SECURITIES JOURNAL
China, which is the world’s second-largest energy user, may consume between 4 and 6% more coal next year on continued economic growth, China S ...
Tuesday, 29 December 09
PROFIT IN COAL INDUSTRY DOWN 9.4% Y-O-Y IN JAN.- NOV.
In November, China's coal production was 289mln tons, up 26.3% year on year, an increase of 5.2% over last month. China's average daily trucks loa ...
Tuesday, 29 December 09
DHARMA HENWA EYES 20% REVENUE GROWTH
Local integrated mining services provider PT Dharma Henwa, which was earlier this year acquired by coal mining giant PT Bumi Resources, expects reve ...
Monday, 28 December 09
NEED TO IMPORT COAL COMES EARLY
Viet Nam may need to start importing coal as early as 2012, three years earlier than expected, to meet its electricity demands.
The Viet Nam Coal ...
Monday, 28 December 09
GOVT EYES $3.57B MINING, GEOTHERMAL INVESTMENT
The country can expect up to US$3.57 billion in investment in mining and geothermal energy next year, which would represent an increase by more than ...
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- Global Business Power Corporation, Philippines
- Indian Energy Exchange, India
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- Kapuas Tunggal Persada - Indonesia
- Bhushan Steel Limited - India
- Indonesian Coal Mining Association
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- Meralco Power Generation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Africa Commodities Group - South Africa
- VISA Power Limited - India
- Metalloyd Limited - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- London Commodity Brokers - England
- Thai Mozambique Logistica
- Petron Corporation, Philippines
- Deloitte Consulting - India
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Australian Coal Association
- Antam Resourcindo - Indonesia
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- SMC Global Power, Philippines
- Bayan Resources Tbk. - Indonesia
- Central Java Power - Indonesia
- IHS Mccloskey Coal Group - USA
- Manunggal Multi Energi - Indonesia
- Eastern Energy - Thailand
- Iligan Light & Power Inc, Philippines
- Mjunction Services Limited - India
- Aditya Birla Group - India
- Central Electricity Authority - India
- SMG Consultants - Indonesia
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- Kohat Cement Company Ltd. - Pakistan
- MS Steel International - UAE
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Orica Australia Pty. Ltd.
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- Maheswari Brothers Coal Limited - India
- Posco Energy - South Korea
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Anglo American - United Kingdom
- Essar Steel Hazira Ltd - India
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- Formosa Plastics Group - Taiwan
- Kartika Selabumi Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Merrill Lynch Commodities Europe
- Global Coal Blending Company Limited - Australia
- Ind-Barath Power Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
- India Bulls Power Limited - India
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Larsen & Toubro Limited - India
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- Bukit Makmur.PT - Indonesia
- Videocon Industries ltd - India
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- Heidelberg Cement - Germany
- Chamber of Mines of South Africa
- Semirara Mining Corp, Philippines
- Indogreen Group - Indonesia
- Kobexindo Tractors - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Banpu Public Company Limited - Thailand
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- Gujarat Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- GAC Shipping (India) Pvt Ltd
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Oldendorff Carriers - Singapore
- Pendopo Energi Batubara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- Uttam Galva Steels Limited - India
- Sojitz Corporation - Japan
- Mercuria Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Lanco Infratech Ltd - India
- New Zealand Coal & Carbon
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Energy Development Corp, Philippines
- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- Rashtriya Ispat Nigam Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- Semirara Mining and Power Corporation, Philippines
- Ministry of Transport, Egypt
- PTC India Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- PowerSource Philippines DevCo
- Grasim Industreis Ltd - India
- Parliament of New Zealand
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Agrawal Coal Company - India
- Sical Logistics Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- Salva Resources Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Asmin Koalindo Tuhup - Indonesia
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
- Ministry of Finance - Indonesia
- Siam City Cement PLC, Thailand
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- Trasteel International SA, Italy
- Jaiprakash Power Ventures ltd
- Kaltim Prima Coal - Indonesia
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- Economic Council, Georgia
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Bhoruka Overseas - Indonesia
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Star Paper Mills Limited - India
- Bangladesh Power Developement Board
- Makarim & Taira - Indonesia
- Xindia Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Energy Link Ltd, New Zealand
- Miang Besar Coal Terminal - Indonesia
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