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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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Thursday, 24 December 09
DRY BULK CHARTERING - SHIPPING UPDATE
Handy
Continued firm conditions for the Handymax / Supramax market in the Atlantic despite the BSI´s downward trend. As chrs scramble to cov ...
Thursday, 24 December 09
EUROSEAS LTD. ANNOUNCES TWO-YEAR TIME CHARTER AGREEMENT FOR PANAMAX BULK CARRIER
Euroseas Ltd., an owner and operator of drybulk carriers and container vessels and provider of seaborne transportation for dry bulk and containerize ...
Wednesday, 23 December 09
INDONESIA POWER CHIEF TO BUILD PLANTS OUTSIDE JAVA
Indonesia's state electricity firm plans to build new power plants outside Java island with a combined capacity of around 2,000 megawatts to resolv ...
Wednesday, 23 December 09
BUKIT ASAM SEES CHINA COAL DEMAND BOOST
* Rebound in prices to have pushed up 2009 revs
* To more than double Tarahan port capacity
Reuters reported that, Indonesian state-owned coal m ...
Wednesday, 23 December 09
MACARTHUR COAL OFFERS TO BUY RIVAL GLOUCESTER
Queensland-based Macarthur Coal will offer to buy fellow Australian Gloucester Coal, in a move to add two new mines and increase coal resources.
...
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- Malabar Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- Bhushan Steel Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- Toyota Tsusho Corporation, Japan
- Star Paper Mills Limited - India
- Vedanta Resources Plc - India
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
- Tata Chemicals Ltd - India
- Chamber of Mines of South Africa
- India Bulls Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- Mercuria Energy - Indonesia
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- Ministry of Mines - Canada
- Sical Logistics Limited - India
- Bukit Baiduri Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Electricity Authority, New Zealand
- SMG Consultants - Indonesia
- Parliament of New Zealand
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Intertek Mineral Services - Indonesia
- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
- South Luzon Thermal Energy Corporation
- McConnell Dowell - Australia
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- ASAPP Information Group - India
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- Simpson Spence & Young - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Port Waratah Coal Services - Australia
- CIMB Investment Bank - Malaysia
- Africa Commodities Group - South Africa
- Coastal Gujarat Power Limited - India
- Thiess Contractors Indonesia
- Planning Commission, India
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Ministry of Finance - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- Riau Bara Harum - Indonesia
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Wood Mackenzie - Singapore
- VISA Power Limited - India
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- Bhatia International Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- Kideco Jaya Agung - Indonesia
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Therma Luzon, Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- Metalloyd Limited - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Interocean Group of Companies - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- GMR Energy Limited - India
- The University of Queensland
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- Rashtriya Ispat Nigam Limited - India
- Gujarat Sidhee Cement - India
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- IHS Mccloskey Coal Group - USA
- Jindal Steel & Power Ltd - India
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
- Petron Corporation, Philippines
- Georgia Ports Authority, United States
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Central Electricity Authority - India
- Iligan Light & Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhoruka Overseas - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- Vizag Seaport Private Limited - India
- Indian Energy Exchange, India
- Sree Jayajothi Cements Limited - India
- Australian Coal Association
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Uttam Galva Steels Limited - India
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- Cement Manufacturers Association - India
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- Commonwealth Bank - Australia
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Savvy Resources Ltd - HongKong
- Siam City Cement - Thailand
- CNBM International Corporation - China
- Sojitz Corporation - Japan
- Binh Thuan Hamico - Vietnam
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Kohat Cement Company Ltd. - Pakistan
- Bharathi Cement Corporation - India
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- Karaikal Port Pvt Ltd - India
- Grasim Industreis Ltd - India
- SN Aboitiz Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- Parry Sugars Refinery, India
- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
- London Commodity Brokers - England
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Indonesian Coal Mining Association
- Minerals Council of Australia
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Green Power PLC Corporation, Philippines
- Sakthi Sugars Limited - India
- Directorate Of Revenue Intelligence - India
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Makarim & Taira - Indonesia
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- Economic Council, Georgia
- Mercator Lines Limited - India
- Thai Mozambique Logistica
- International Coal Ventures Pvt Ltd - India
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