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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, 05 November 09
MERCATOR LINES AIMS TO BECOME A $5 BILLION COMPANY
Mercator Lines, India’s second largest private sector shipping line, plans to invest and expand, riding India’s next wave of growth, the ...
Thursday, 05 November 09
HMS BERGBAU AG OPENING INDIAN OFFICE
Further step on internationalization track Office in Mumbai Participation in demand for coal imports
HMS Bergbau AG, is an international coal tra ...
Thursday, 05 November 09
SAM'S SEAFOOD HOLDINGS MOVES STEP CLOSER TO COAL EXPLORATION IN INDONESIA
Sam’s Seafood Holdings Limited, which is proposed to be renamed Pan Asia Corporation Limited, is moving closer to becoming an exploration and ...
Wednesday, 04 November 09
INDONESIA CAP ON COAL EXPORTS MAY HIT INDIAN POWER SECTOR
BL reported that Karnataka power sector is likely to be partially impacted by the Indonesian Government move to restrict coal exports.
Private se ...
Wednesday, 04 November 09
SA 2010 COAL EXPORTS SEEN AT 65M TO 68M TONS - ANALYSTS
South Africa's thermal coal exports could rise to as high as 68 million tonnes in 2010 but are more likely to be 64-65 million compared to 60 milli ...
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- Bayan Resources Tbk. - Indonesia
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- Singapore Mercantile Exchange
- Romanian Commodities Exchange
- Semirara Mining Corp, Philippines
- Mjunction Services Limited - India
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- Timah Investasi Mineral - Indoneisa
- Energy Link Ltd, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Gujarat Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- SMG Consultants - Indonesia
- Planning Commission, India
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- Jaiprakash Power Ventures ltd
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- Energy Development Corp, Philippines
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- Toyota Tsusho Corporation, Japan
- Australian Commodity Traders Exchange
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- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
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- Ministry of Transport, Egypt
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- Pipit Mutiara Jaya. PT, Indonesia
- Parliament of New Zealand
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- Baramulti Group, Indonesia
- Grasim Industreis Ltd - India
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- Central Electricity Authority - India
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- Directorate Of Revenue Intelligence - India
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- Globalindo Alam Lestari - Indonesia
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- London Commodity Brokers - England
- Edison Trading Spa - Italy
- Deloitte Consulting - India
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- Australian Coal Association
- Antam Resourcindo - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Thiess Contractors Indonesia
- Ministry of Mines - Canada
- Aboitiz Power Corporation - Philippines
- Lanco Infratech Ltd - India
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- White Energy Company Limited
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- Global Business Power Corporation, Philippines
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- Bahari Cakrawala Sebuku - Indonesia
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- Bangladesh Power Developement Board
- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
- Agrawal Coal Company - India
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Karaikal Port Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Sindya Power Generating Company Private Ltd
- Minerals Council of Australia
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- Savvy Resources Ltd - HongKong
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- Siam City Cement PLC, Thailand
- Therma Luzon, Inc, Philippines
- Anglo American - United Kingdom
- Orica Australia Pty. Ltd.
- The Treasury - Australian Government
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- Binh Thuan Hamico - Vietnam
- Simpson Spence & Young - Indonesia
- GMR Energy Limited - India
- San Jose City I Power Corp, Philippines
- Chamber of Mines of South Africa
- Semirara Mining and Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Sakthi Sugars Limited - India
- Kalimantan Lumbung Energi - Indonesia
- The University of Queensland
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- Kobexindo Tractors - Indoneisa
- Tamil Nadu electricity Board
- Eastern Energy - Thailand
- Borneo Indobara - Indonesia
- Kartika Selabumi Mining - Indonesia
- VISA Power Limited - India
- Goldman Sachs - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pendopo Energi Batubara - Indonesia
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- Cement Manufacturers Association - India
- IHS Mccloskey Coal Group - USA
- Medco Energi Mining Internasional
- Georgia Ports Authority, United States
- Sarangani Energy Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
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- Bukit Makmur.PT - Indonesia
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- Trasteel International SA, Italy
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement - Thailand
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- Petron Corporation, Philippines
- Mercator Lines Limited - India
- Sinarmas Energy and Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Makarim & Taira - Indonesia
- Mercuria Energy - Indonesia
- Barasentosa Lestari - Indonesia
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- Merrill Lynch Commodities Europe
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- Malabar Cements Ltd - India
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