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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, 26 November 09
CIL EYES OVERSEAS ACQUISITIONS TO BRIDGE SUPPLY GAP
Coal Minister Sriprakash Jaiswal on Wednesday said that state-run coal major Coal India is looking to acquire coal blocks in the US and
othe ...
Wednesday, 25 November 09
NAPOCOR SCRAPS AWARD OF 715,000 TONS COAL
Top Philippine electricity producer National Power Corp. (Napocor) said on Wednesday it had cancelled plans to award 715,000 tons in coal supply con ...
Wednesday, 25 November 09
RISING FREIGHT RATES HIT COAL IMPORTERS
While state-owned NTPC’s 12.5 million tonne coal import order may have been aimed at plugging the shortage of coal at its thermal power plants ...
Wednesday, 25 November 09
CSN TO BUY RIVERSDALE STAKE TO BOOST COAL SUPPLIES
Cia. Siderurgica Nacional SA plans to buy 16.3 percent of Australian coal-exploration company Riversdale Mining Ltd. for about A$190.5 million ($175 ...
Tuesday, 24 November 09
ICRA DOWNGRADES TNPL`S RATING TO LAA
Credit rating agency, ICRA has revised the long term rating for the Rs 11.25 billion long-term fund-based bank facilities and Rs 1.5 billion non-con ...
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- Ministry of Transport, Egypt
- SMG Consultants - Indonesia
- McConnell Dowell - Australia
- Uttam Galva Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- Ceylon Electricity Board - Sri Lanka
- Dalmia Cement Bharat India
- Salva Resources Pvt Ltd - India
- Wilmar Investment Holdings
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- India Bulls Power Limited - India
- Heidelberg Cement - Germany
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
- Agrawal Coal Company - India
- Indonesian Coal Mining Association
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- Kobexindo Tractors - Indoneisa
- Bangladesh Power Developement Board
- Xindia Steels Limited - India
- Metalloyd Limited - United Kingdom
- Ambuja Cements Ltd - India
- Wood Mackenzie - Singapore
- Ind-Barath Power Infra Limited - India
- Mintek Dendrill Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GMR Energy Limited - India
- Holcim Trading Pte Ltd - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Central Electricity Authority - India
- Essar Steel Hazira Ltd - India
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Sical Logistics Limited - India
- Anglo American - United Kingdom
- Petron Corporation, Philippines
- Australian Coal Association
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- Indian Oil Corporation Limited
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- Indo Tambangraya Megah - Indonesia
- Parliament of New Zealand
- Goldman Sachs - Singapore
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- Energy Development Corp, Philippines
- CNBM International Corporation - China
- Thai Mozambique Logistica
- Coastal Gujarat Power Limited - India
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- Deloitte Consulting - India
- Gujarat Mineral Development Corp Ltd - India
- Energy Link Ltd, New Zealand
- Antam Resourcindo - Indonesia
- Standard Chartered Bank - UAE
- Jindal Steel & Power Ltd - India
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- Therma Luzon, Inc, Philippines
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- GN Power Mariveles Coal Plant, Philippines
- San Jose City I Power Corp, Philippines
- Tata Chemicals Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Posco Energy - South Korea
- GAC Shipping (India) Pvt Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
- Malabar Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- Sakthi Sugars Limited - India
- PTC India Limited - India
- Formosa Plastics Group - Taiwan
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Intertek Mineral Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Renaissance Capital - South Africa
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Borneo Indobara - Indonesia
- Singapore Mercantile Exchange
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Energy Exchange, India
- Merrill Lynch Commodities Europe
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- Planning Commission, India
- Marubeni Corporation - India
- Baramulti Group, Indonesia
- Maheswari Brothers Coal Limited - India
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Chamber of Mines of South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Economic Council, Georgia
- Asmin Koalindo Tuhup - Indonesia
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- The State Trading Corporation of India Ltd
- Bhoruka Overseas - Indonesia
- Latin American Coal - Colombia
- Coalindo Energy - Indonesia
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- Altura Mining Limited, Indonesia
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Orica Australia Pty. Ltd.
- Billiton Holdings Pty Ltd - Australia
- Edison Trading Spa - Italy
- Vizag Seaport Private Limited - India
- London Commodity Brokers - England
- Ministry of Mines - Canada
- CIMB Investment Bank - Malaysia
- Rio Tinto Coal - Australia
- OPG Power Generation Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- Medco Energi Mining Internasional
- Siam City Cement - Thailand
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Pendopo Energi Batubara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Port Waratah Coal Services - Australia
- ASAPP Information Group - India
- Directorate Of Revenue Intelligence - India
- Independent Power Producers Association of India
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Generating Authority of Thailand
- International Coal Ventures Pvt Ltd - India
- Kumho Petrochemical, South Korea
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- Pipit Mutiara Jaya. PT, Indonesia
- Straits Asia Resources Limited - Singapore
- ICICI Bank Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Attock Cement Pakistan Limited
- Karbindo Abesyapradhi - Indoneisa
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- Bhatia International Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kohat Cement Company Ltd. - Pakistan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- Bharathi Cement Corporation - India
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Central Java Power - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Larsen & Toubro Limited - India
- IHS Mccloskey Coal Group - USA
- Kartika Selabumi Mining - Indonesia
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- Timah Investasi Mineral - Indoneisa
- Bukit Makmur.PT - Indonesia
- Parry Sugars Refinery, India
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TeaM Sual Corporation - Philippines
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