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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, 30 September 09
INDIA CEMENTS SET TO PRODUCE POWER; EYES COAL MINE IN INDONESIA
Financial Express reported that, Tamil Nadu-based India Cements Ltd (ICL) has firmed up plans to produce power to meet its current and future requir ...
Wednesday, 30 September 09
COKING COAL PRICES MAY TOUCH $200/TN IN 2010-11
Business Standard reported that, Driven by surge in imports of coking coal by China, growth in Japanese steel output and signs of recovery in the In ...
Wednesday, 30 September 09
PURNOMO BIDS 'GOODBYE' TO ENERGY MINISTRY
The Jakarta globe reported that, In what could be construed as a resignation speech from a government official — but perhaps wasn’t &mda ...
Tuesday, 29 September 09
MINING AND ENERGY DAY 2009
The Minister of Energy and Mineral Resources, Purnomo Yusgiantoro led the ceremony marking 2009 Mining and Energy Day celebrations, held at the Depa ...
Tuesday, 29 September 09
BUKIT ASAM REDUCES ITS SALES TARGET
Tempo Interactive reported that, PT Tambang Batubara Bukit Asam Tbk has decided to reduce its sales target this year from 14.5 million tons of coal ...
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- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Sical Logistics Limited - India
- GVK Power & Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Merrill Lynch Commodities Europe
- LBH Netherlands Bv - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- TeaM Sual Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- Vizag Seaport Private Limited - India
- Bhatia International Limited - India
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- Indian Oil Corporation Limited
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- Mercuria Energy - Indonesia
- MS Steel International - UAE
- Medco Energi Mining Internasional
- Wilmar Investment Holdings
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Anglo American - United Kingdom
- Manunggal Multi Energi - Indonesia
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- Ambuja Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Ministry of Transport, Egypt
- Energy Development Corp, Philippines
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- Straits Asia Resources Limited - Singapore
- Ind-Barath Power Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sinarmas Energy and Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Sidhee Cement - India
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Rashtriya Ispat Nigam Limited - India
- Altura Mining Limited, Indonesia
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- GAC Shipping (India) Pvt Ltd
- Indika Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- Ceylon Electricity Board - Sri Lanka
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
- Ministry of Mines - Canada
- Agrawal Coal Company - India
- Meralco Power Generation, Philippines
- Marubeni Corporation - India
- Bukit Baiduri Energy - Indonesia
- Cement Manufacturers Association - India
- Petron Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Essar Steel Hazira Ltd - India
- Grasim Industreis Ltd - India
- Bayan Resources Tbk. - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Planning Commission, India
- PetroVietnam Power Coal Import and Supply Company
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- White Energy Company Limited
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- Directorate Of Revenue Intelligence - India
- Madhucon Powers Ltd - India
- Coastal Gujarat Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Sree Jayajothi Cements Limited - India
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- Sindya Power Generating Company Private Ltd
- AsiaOL BioFuels Corp., Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- Tamil Nadu electricity Board
- Kartika Selabumi Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- ASAPP Information Group - India
- Savvy Resources Ltd - HongKong
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- Mjunction Services Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- Minerals Council of Australia
- GMR Energy Limited - India
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Interocean Group of Companies - India
- Carbofer General Trading SA - India
- Kumho Petrochemical, South Korea
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- Banpu Public Company Limited - Thailand
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- VISA Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- The University of Queensland
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- Parliament of New Zealand
- Larsen & Toubro Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- London Commodity Brokers - England
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- Maheswari Brothers Coal Limited - India
- Globalindo Alam Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Chamber of Mines of South Africa
- PTC India Limited - India
- IEA Clean Coal Centre - UK
- Iligan Light & Power Inc, Philippines
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- Posco Energy - South Korea
- Sakthi Sugars Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Xindia Steels Limited - India
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- Indogreen Group - Indonesia
- Bukit Makmur.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
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