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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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Friday, 18 September 09
AUSTRALIA NEWCASTLE COAL PORT: SEEKS INTERIM QUOTA SYSTEM
Reuters reported that, Australia's Newcastle coal terminal wants to re-introduce an interim export quota system after a group of miners led by BHP ...
Friday, 18 September 09
STANCHART TO ADVISE BAYAN ON INDONESIA COAL FINANCING
Indonesian coal miner PT Bayan Resources Tbk said on Wednesday it has appointed Standard Chartered Bank as a financial adviser for raising at least ...
Friday, 18 September 09
COKING COAL SUPPLY TO FALL 3 MILLION TONS IN CHINA ON SHUTDOWN
Bloomberg reported that, Coking coal supply in China, the largest consumer, may fall by 3 million metric tons a month after a mine accident this mon ...
Thursday, 17 September 09
FOUR LEFT IN INDIA'S MMTC COAL IMPORT TENDER-SOURCE
Reuters reported that, India's MMTC Ltd has accepted four out of five submissions for an import tender for 12.5 million tonnes of coal, with a bid ...
Thursday, 17 September 09
INDIA SEEKS COAL
IBT commodities reported that, India is on a coal buying spree. The big Asian nation is scrambling to cover an expected shortfall in domestic supply ...
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Showing 6416 to 6420 news of total 6871 |
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- Siam City Cement PLC, Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- PTC India Limited - India
- Malabar Cements Ltd - India
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Baramulti Group, Indonesia
- Sojitz Corporation - Japan
- Jaiprakash Power Ventures ltd
- The University of Queensland
- Vizag Seaport Private Limited - India
- Orica Mining Services - Indonesia
- Bhoruka Overseas - Indonesia
- Larsen & Toubro Limited - India
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- Meenaskhi Energy Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- Power Finance Corporation Ltd., India
- Attock Cement Pakistan Limited
- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- White Energy Company Limited
- GVK Power & Infra Limited - India
- Eastern Energy - Thailand
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- Iligan Light & Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- Madhucon Powers Ltd - India
- Edison Trading Spa - Italy
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Kideco Jaya Agung - Indonesia
- Goldman Sachs - Singapore
- Bayan Resources Tbk. - Indonesia
- Cement Manufacturers Association - India
- VISA Power Limited - India
- London Commodity Brokers - England
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
- Gujarat Sidhee Cement - India
- The Treasury - Australian Government
- Antam Resourcindo - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- IEA Clean Coal Centre - UK
- Rashtriya Ispat Nigam Limited - India
- Price Waterhouse Coopers - Russia
- The State Trading Corporation of India Ltd
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- Romanian Commodities Exchange
- Wilmar Investment Holdings
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- Bukit Makmur.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- Indo Tambangraya Megah - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sree Jayajothi Cements Limited - India
- Australian Coal Association
- Commonwealth Bank - Australia
- Maheswari Brothers Coal Limited - India
- GMR Energy Limited - India
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- Krishnapatnam Port Company Ltd. - India
- Latin American Coal - Colombia
- Lanco Infratech Ltd - India
- Minerals Council of Australia
- Videocon Industries ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Sakthi Sugars Limited - India
- Globalindo Alam Lestari - Indonesia
- Thiess Contractors Indonesia
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- Medco Energi Mining Internasional
- Jorong Barutama Greston.PT - Indonesia
- Thai Mozambique Logistica
- Ministry of Transport, Egypt
- Planning Commission, India
- Maharashtra Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Samtan Co., Ltd - South Korea
- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Marubeni Corporation - India
- Karaikal Port Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- Energy Link Ltd, New Zealand
- Sindya Power Generating Company Private Ltd
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- Essar Steel Hazira Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- ICICI Bank Limited - India
- Economic Council, Georgia
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- Chamber of Mines of South Africa
- TeaM Sual Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- Kobexindo Tractors - Indoneisa
- Indonesian Coal Mining Association
- LBH Netherlands Bv - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Heidelberg Cement - Germany
- Vedanta Resources Plc - India
- MS Steel International - UAE
- Toyota Tsusho Corporation, Japan
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- Uttam Galva Steels Limited - India
- Oldendorff Carriers - Singapore
- Straits Asia Resources Limited - Singapore
- San Jose City I Power Corp, Philippines
- Savvy Resources Ltd - HongKong
- SMC Global Power, Philippines
- Mercuria Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Eastern Coal Council - USA
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- ASAPP Information Group - India
- Cigading International Bulk Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Australian Commodity Traders Exchange
- Intertek Mineral Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Central Electricity Authority - India
- India Bulls Power Limited - India
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