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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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Monday, 14 December 09
RICHARDS BAY COAL TO FINISH EXPANSION IN 1ST QUARTER
Richards Bay Coal Terminal, which ships more than a quarter of Europe’s energy coal, said it will complete its Phase 5 expansion project in th ...
Monday, 14 December 09
SOUTH AFRICAN STEAM COAL PRICES FIRMING UP FOR Q1 TRADE
Reuters reported that Q1 South African coal prices firmed again slightly largely on Asian demand but European delivered prices were little changed.
...
Sunday, 13 December 09
THE FREIGHT MARKET SEEMS TO BE COMING OFF A BIT AND THE MARKET MAY BE SOFT NEXT WEEK - CAPT. REDDY
COALspot.com (Singapore): "The market softened this week especially in the Cape and Panamax segment , where as the Supramax and Handy size was ...
Sunday, 13 December 09
NAPOCOR CUTS COAL IMPORT PROJECTION FOR 2010
STATE-RUN National Power Corp. slashed its planned coal importation for 2010 to only 200,000 metric tons from 3.4 million MT this year, as the gover ...
Sunday, 13 December 09
CHINESE BUYERS SEEK LARGE TONNAGE OF SOUTH AFRICA STEAM COAL
Reuters reported that Chinese utilities on the coast and inland are seeking several cape cargoes each of South African coal for 2010 delivery becaus ...
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- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
- Global Coal Blending Company Limited - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Heidelberg Cement - Germany
- Wood Mackenzie - Singapore
- Manunggal Multi Energi - Indonesia
- Indonesian Coal Mining Association
- MS Steel International - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Samtan Co., Ltd - South Korea
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- GMR Energy Limited - India
- Minerals Council of Australia
- GN Power Mariveles Coal Plant, Philippines
- Iligan Light & Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
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- South Luzon Thermal Energy Corporation
- Straits Asia Resources Limited - Singapore
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- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
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- Parliament of New Zealand
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- Kepco SPC Power Corporation, Philippines
- Commonwealth Bank - Australia
- Baramulti Group, Indonesia
- Standard Chartered Bank - UAE
- Port Waratah Coal Services - Australia
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- Bhatia International Limited - India
- Ministry of Mines - Canada
- Thiess Contractors Indonesia
- Krishnapatnam Port Company Ltd. - India
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- International Coal Ventures Pvt Ltd - India
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- GAC Shipping (India) Pvt Ltd
- Goldman Sachs - Singapore
- SMC Global Power, Philippines
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- GVK Power & Infra Limited - India
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- Eastern Coal Council - USA
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- Semirara Mining Corp, Philippines
- Jindal Steel & Power Ltd - India
- Barasentosa Lestari - Indonesia
- Central Java Power - Indonesia
- Antam Resourcindo - Indonesia
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Indian Energy Exchange, India
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- Mercator Lines Limited - India
- Planning Commission, India
- Georgia Ports Authority, United States
- PowerSource Philippines DevCo
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- Sindya Power Generating Company Private Ltd
- Energy Development Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Interocean Group of Companies - India
- Ind-Barath Power Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Mjunction Services Limited - India
- Medco Energi Mining Internasional
- Videocon Industries ltd - India
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- Marubeni Corporation - India
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- Independent Power Producers Association of India
- Sakthi Sugars Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Essar Steel Hazira Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Indian Oil Corporation Limited
- Kalimantan Lumbung Energi - Indonesia
- Coalindo Energy - Indonesia
- Sical Logistics Limited - India
- Makarim & Taira - Indonesia
- PTC India Limited - India
- Vedanta Resources Plc - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Madhucon Powers Ltd - India
- Wilmar Investment Holdings
- Xindia Steels Limited - India
- Riau Bara Harum - Indonesia
- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Jorong Barutama Greston.PT - Indonesia
- Meralco Power Generation, Philippines
- Globalindo Alam Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Vizag Seaport Private Limited - India
- Mintek Dendrill Indonesia
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- Maheswari Brothers Coal Limited - India
- Mercuria Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Binh Thuan Hamico - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Kideco Jaya Agung - Indonesia
- Indo Tambangraya Megah - Indonesia
- The University of Queensland
- Ministry of Finance - Indonesia
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Posco Energy - South Korea
- LBH Netherlands Bv - Netherlands
- Dalmia Cement Bharat India
- Bukit Makmur.PT - Indonesia
- Australian Commodity Traders Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Ambuja Cements Ltd - India
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- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- Latin American Coal - Colombia
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Rio Tinto Coal - Australia
- IHS Mccloskey Coal Group - USA
- Star Paper Mills Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Gujarat Sidhee Cement - India
- SMG Consultants - Indonesia
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- New Zealand Coal & Carbon
- Larsen & Toubro Limited - India
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Malabar Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Banpu Public Company Limited - Thailand
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Ceylon Electricity Board - Sri Lanka
- Cement Manufacturers Association - India
- Siam City Cement PLC, Thailand
- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- Carbofer General Trading SA - India
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- ICICI Bank Limited - India
- Formosa Plastics Group - Taiwan
- Indogreen Group - Indonesia
- Renaissance Capital - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
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