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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, 21 October 09
LAW ACCOMMODATES NATIONAL AND INVESTOR INTERESTS
COALspot.com (Indonesia): According to ESDM, the government has issued five Lawson the energy and mineral resources sector. These laws will prioriti ...
Wednesday, 21 October 09
INDONESIA'S BUKIT ASAM GETS COAL RAILWAY APPROVAL
Reuters reported that, Indonesian state coal miner PT Tambang Batubara Bukit Asam Tbk said on Wednesday it had been given government approval to sta ...
Wednesday, 21 October 09
COAL DEMAND SOARS AS ASIA ECONOMIES REBOUND - PEABODY
Reuters reported that, Demand for coal to generate electricity and make steel in China and India is expected to grow by 7 percent to 8 percent annua ...
Wednesday, 21 October 09
INDONESIAN SHOCK FOR INDIAN POWER PLANTS
Business-Standard reported that, India’s ambitious plans to generate an additional 180,000 Mw of power in the next seven years will face hurdl ...
Wednesday, 21 October 09
DUTA GRAHA PLANNING TO DELVE INTO MINING SECTOR
The Jakarta Globe reported that, PT Duta Graha, one of the country’s largest private engineering firms, says it intends to diversify into the ...
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- Uttam Galva Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- Bangladesh Power Developement Board
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Thiess Contractors Indonesia
- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Sidhee Cement - India
- Kepco SPC Power Corporation, Philippines
- Mjunction Services Limited - India
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- Trasteel International SA, Italy
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- Australian Coal Association
- Kapuas Tunggal Persada - Indonesia
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Kobexindo Tractors - Indoneisa
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- PTC India Limited - India
- Marubeni Corporation - India
- ICICI Bank Limited - India
- Savvy Resources Ltd - HongKong
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
- Intertek Mineral Services - Indonesia
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- TeaM Sual Corporation - Philippines
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- London Commodity Brokers - England
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Africa Commodities Group - South Africa
- San Jose City I Power Corp, Philippines
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- Minerals Council of Australia
- Malabar Cements Ltd - India
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Wilmar Investment Holdings
- Interocean Group of Companies - India
- Edison Trading Spa - Italy
- SMC Global Power, Philippines
- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Binh Thuan Hamico - Vietnam
- Mercator Lines Limited - India
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- Sical Logistics Limited - India
- Ministry of Mines - Canada
- GAC Shipping (India) Pvt Ltd
- Parliament of New Zealand
- Indonesian Coal Mining Association
- Krishnapatnam Port Company Ltd. - India
- Economic Council, Georgia
- VISA Power Limited - India
- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- The University of Queensland
- Posco Energy - South Korea
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- Cement Manufacturers Association - India
- Bayan Resources Tbk. - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Heidelberg Cement - Germany
- Metalloyd Limited - United Kingdom
- Banpu Public Company Limited - Thailand
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Thai Mozambique Logistica
- Planning Commission, India
- Electricity Authority, New Zealand
- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Port Waratah Coal Services - Australia
- Power Finance Corporation Ltd., India
- Bukit Baiduri Energy - Indonesia
- Carbofer General Trading SA - India
- Eastern Energy - Thailand
- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Development Corp, Philippines
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Star Paper Mills Limited - India
- IEA Clean Coal Centre - UK
- Formosa Plastics Group - Taiwan
- Tamil Nadu electricity Board
- Alfred C Toepfer International GmbH - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- Agrawal Coal Company - India
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- Anglo American - United Kingdom
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- Indogreen Group - Indonesia
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Ceylon Electricity Board - Sri Lanka
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Salva Resources Pvt Ltd - India
- GVK Power & Infra Limited - India
- ASAPP Information Group - India
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- Larsen & Toubro Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Orica Australia Pty. Ltd.
- Orica Mining Services - Indonesia
- The Treasury - Australian Government
- Merrill Lynch Commodities Europe
- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Xindia Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bhushan Steel Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- Leighton Contractors Pty Ltd - Australia
- Deloitte Consulting - India
- Standard Chartered Bank - UAE
- Videocon Industries ltd - India
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- White Energy Company Limited
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
- Ind-Barath Power Infra Limited - India
- Timah Investasi Mineral - Indoneisa
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