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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, 04 November 09
BAKRIE MAY WIN BERAU COAL BID FROM ARMADIAN
The Bakrie group is likely to be selected as buyer of PT Berau Coal, the country’s fifth-largest coal producer, two people familiar with the m ...
Wednesday, 04 November 09
BINANI HOPES TO BUY INDONESIAN COAL MINE IN 2-3 MONTHS
"We are still negotiating, but hope to conclude the deal in the next two to three months," Binani Cement Managing Director Vinod Juneja to ...
Tuesday, 03 November 09
CHINA TO BE NET COAL IMPORTER IN 2009
China is accelerating its importation of coal to cope with fallen output caused by the consolidation of small coalmines, and is likely to become a n ...
Monday, 02 November 09
RIO TINTO WARNS ON CHEAP MONGOLIAN COAL
The Age reported that, Mining giant Rio Tinto has warned that cheap coal from Mongolia as well as congestion at the Port of Newcastle in NSW could u ...
Monday, 02 November 09
ESSAR SEEKS COAL ASSETS IN SOUTH AFRICA
Paguntaka reported that, Essar Group plans to acquire coal assets in South Africa to help boost its power business in India. A senior executive of E ...
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- Larsen & Toubro Limited - India
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- Samtan Co., Ltd - South Korea
- Semirara Mining and Power Corporation, Philippines
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- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- Parliament of New Zealand
- Sarangani Energy Corporation, Philippines
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
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- Cement Manufacturers Association - India
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- MS Steel International - UAE
- Economic Council, Georgia
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- LBH Netherlands Bv - Netherlands
- London Commodity Brokers - England
- The State Trading Corporation of India Ltd
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- Indian Energy Exchange, India
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- Australian Coal Association
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- Savvy Resources Ltd - HongKong
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- Bulk Trading Sa - Switzerland
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- Indo Tambangraya Megah - Indonesia
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- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Sidhee Cement - India
- Posco Energy - South Korea
- Banpu Public Company Limited - Thailand
- Videocon Industries ltd - India
- Bhoruka Overseas - Indonesia
- Binh Thuan Hamico - Vietnam
- Meralco Power Generation, Philippines
- Sojitz Corporation - Japan
- ICICI Bank Limited - India
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- GN Power Mariveles Coal Plant, Philippines
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Malabar Cements Ltd - India
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
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- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
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- Ministry of Finance - Indonesia
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- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
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- Eastern Energy - Thailand
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- White Energy Company Limited
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- Coastal Gujarat Power Limited - India
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- Planning Commission, India
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- Intertek Mineral Services - Indonesia
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- ASAPP Information Group - India
- Indonesian Coal Mining Association
- Commonwealth Bank - Australia
- The University of Queensland
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- Salva Resources Pvt Ltd - India
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- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
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- Global Coal Blending Company Limited - Australia
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- Minerals Council of Australia
- Ceylon Electricity Board - Sri Lanka
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Africa Commodities Group - South Africa
- Metalloyd Limited - United Kingdom
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- Madhucon Powers Ltd - India
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- CNBM International Corporation - China
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