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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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Tuesday, 28 July 09
BUKIT ASAM ENJOYS STRONG FIRST HALF
The Jakarta Post reported that, state coal miner PT Tambang Batubara Bukit Asam (PTBA) enjoyed a strong first half performance with six-month net pr ...
Tuesday, 28 July 09
NEWCASTLE LOADED 1.943 MILLION TONS OF COAL IN THE WEEK ENDED 27TH JULY 2009
COALspot.com (Singapore) : The volume exported from Australia’s Newcastle port in the week ended - 07:00 hours 27 July 2009 ...
Monday, 27 July 09
INDIA PAYING HIGHEST PRICE FOR S.AFRICA COAL - PRODUCERS
* Spread between South African and Pacific origin coal very wide
* Lack of European buying makes India indicator of value
Reuters reported that, ...
Monday, 27 July 09
TAIWAN'S FORMOSA EYES S.AFRICAN COAL FOR Q4: TRADE
Reuters reported that, Taiwan's Formosa Plastics Group is looking to buy two South African thermal coal cargoes for delivery in the fourth-quarter, ...
Monday, 27 July 09
ADANI POWER'S $625 MILLION IPO TO GENERATE HOT DEMAND
WSJ reported that, Adani Power, the electricity generating unit of India's Adani Enterprises Ltd., is set raise up to US$625 million in wha ...
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- Formosa Plastics Group - Taiwan
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indo Tambangraya Megah - Indonesia
- Heidelberg Cement - Germany
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- PowerSource Philippines DevCo
- Altura Mining Limited, Indonesia
- Global Green Power PLC Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Posco Energy - South Korea
- Renaissance Capital - South Africa
- Minerals Council of Australia
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- MS Steel International - UAE
- Uttam Galva Steels Limited - India
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Bangladesh Power Developement Board
- Standard Chartered Bank - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Energy - Thailand
- LBH Netherlands Bv - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Banpu Public Company Limited - Thailand
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Independent Power Producers Association of India
- Bhoruka Overseas - Indonesia
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Bukit Makmur.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- Riau Bara Harum - Indonesia
- Cement Manufacturers Association - India
- Semirara Mining Corp, Philippines
- Agrawal Coal Company - India
- The State Trading Corporation of India Ltd
- Oldendorff Carriers - Singapore
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Coastal Gujarat Power Limited - India
- CIMB Investment Bank - Malaysia
- Indonesian Coal Mining Association
- Karaikal Port Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Videocon Industries ltd - India
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Romanian Commodities Exchange
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- Central Electricity Authority - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- McConnell Dowell - Australia
- Sojitz Corporation - Japan
- Essar Steel Hazira Ltd - India
- Globalindo Alam Lestari - Indonesia
- Bhatia International Limited - India
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- Leighton Contractors Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- Carbofer General Trading SA - India
- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- Mercuria Energy - Indonesia
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- Star Paper Mills Limited - India
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- Marubeni Corporation - India
- Indika Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Australian Coal Association
- Sarangani Energy Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- Aditya Birla Group - India
- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- GMR Energy Limited - India
- Malabar Cements Ltd - India
- Energy Development Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Grasim Industreis Ltd - India
- PTC India Limited - India
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- Antam Resourcindo - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Wood Mackenzie - Singapore
- VISA Power Limited - India
- Planning Commission, India
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- London Commodity Brokers - England
- The University of Queensland
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- Maharashtra Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
- White Energy Company Limited
- Bhushan Steel Limited - India
- Toyota Tsusho Corporation, Japan
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Manunggal Multi Energi - Indonesia
- Deloitte Consulting - India
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- Ministry of Mines - Canada
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- Port Waratah Coal Services - Australia
- Thai Mozambique Logistica
- Kideco Jaya Agung - Indonesia
- The Treasury - Australian Government
- Binh Thuan Hamico - Vietnam
- Anglo American - United Kingdom
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- Indian Energy Exchange, India
- Ambuja Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Jaiprakash Power Ventures ltd
- Alfred C Toepfer International GmbH - Germany
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
- South Luzon Thermal Energy Corporation
- Indogreen Group - Indonesia
- Orica Australia Pty. Ltd.
- Borneo Indobara - Indonesia
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- Bulk Trading Sa - Switzerland
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
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