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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, 22 July 09
TAIPOWER RECEIVES 37 OFFERS IN TENDERS
State utility Taiwan Power has received offers for 37 panamax cargoes of bituminous and sub-bituminous coal in two tenders involving 12 panamax ship ...
Wednesday, 22 July 09
PRIME MINISTER APPROVAL SOUGHT TO HIKE COAL PRICES IN INDIA
PTI reported that decrying the low prices of the industrial fuel, the coal ministry will approach Dr Manmohan Singh PM of India next month for raisi ...
Tuesday, 21 July 09
BHATIA SAYS GETS ORDER FOR 800,000T COAL FROM KPCL
Reuters reported that, Indian traders Bhatia received on Tuesday a purchase order for 800,000 tonnes thermal coal at $63.00 C&F from Karnataka P ...
Tuesday, 21 July 09
NZ'S PIKE RIVER SAYS SELLS COAL AT $128 PER TONNE
Reuters reported that, New Zealand miner Pike River Coal said on Tuesday it had sold its premium hard coking coal at $128 a tonne for the curr ...
Tuesday, 21 July 09
NEWCASTLE COAL EXPORTS FALL 5%, SHIP QUEUE INCREASES
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, fell 5 per ...
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- Madhucon Powers Ltd - India
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- Salva Resources Pvt Ltd - India
- Xindia Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- Malabar Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Energy Development Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- SN Aboitiz Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement PLC, Thailand
- Africa Commodities Group - South Africa
- Deloitte Consulting - India
- Indian Energy Exchange, India
- The State Trading Corporation of India Ltd
- Indogreen Group - Indonesia
- Bhoruka Overseas - Indonesia
- Parry Sugars Refinery, India
- Tata Chemicals Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- Australian Coal Association
- Rashtriya Ispat Nigam Limited - India
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- Agrawal Coal Company - India
- Independent Power Producers Association of India
- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
- San Jose City I Power Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Directorate Of Revenue Intelligence - India
- Ministry of Mines - Canada
- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Vizag Seaport Private Limited - India
- Chamber of Mines of South Africa
- Star Paper Mills Limited - India
- Sindya Power Generating Company Private Ltd
- Borneo Indobara - Indonesia
- Uttam Galva Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Marubeni Corporation - India
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Central Electricity Authority - India
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Wilmar Investment Holdings
- Parliament of New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining Corp, Philippines
- Attock Cement Pakistan Limited
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
- Wood Mackenzie - Singapore
- Sakthi Sugars Limited - India
- Kohat Cement Company Ltd. - Pakistan
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- Indian Oil Corporation Limited
- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bulk Trading Sa - Switzerland
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- India Bulls Power Limited - India
- Sojitz Corporation - Japan
- Kideco Jaya Agung - Indonesia
- MS Steel International - UAE
- ASAPP Information Group - India
- AsiaOL BioFuels Corp., Philippines
- Alfred C Toepfer International GmbH - Germany
- Iligan Light & Power Inc, Philippines
- Heidelberg Cement - Germany
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Energy - Thailand
- TeaM Sual Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- Power Finance Corporation Ltd., India
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- Bukit Baiduri Energy - Indonesia
- Anglo American - United Kingdom
- Indo Tambangraya Megah - Indonesia
- PTC India Limited - India
- Merrill Lynch Commodities Europe
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
- Makarim & Taira - Indonesia
- Bhatia International Limited - India
- Binh Thuan Hamico - Vietnam
- International Coal Ventures Pvt Ltd - India
- Edison Trading Spa - Italy
- South Luzon Thermal Energy Corporation
- Latin American Coal - Colombia
- Carbofer General Trading SA - India
- Australian Commodity Traders Exchange
- Cement Manufacturers Association - India
- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- Samtan Co., Ltd - South Korea
- Central Java Power - Indonesia
- Eastern Coal Council - USA
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- Simpson Spence & Young - Indonesia
- SMC Global Power, Philippines
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indonesian Coal Mining Association
- Standard Chartered Bank - UAE
- Singapore Mercantile Exchange
- Kalimantan Lumbung Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- Savvy Resources Ltd - HongKong
- TNB Fuel Sdn Bhd - Malaysia
- Timah Investasi Mineral - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Jaiprakash Power Ventures ltd
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- Aditya Birla Group - India
- Kobexindo Tractors - Indoneisa
- Indika Energy - Indonesia
- McConnell Dowell - Australia
- Medco Energi Mining Internasional
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
- Ministry of Transport, Egypt
- The University of Queensland
- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- SMG Consultants - Indonesia
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- Petron Corporation, Philippines
- Gujarat Sidhee Cement - India
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- Videocon Industries ltd - India
- Krishnapatnam Port Company Ltd. - India
- Therma Luzon, Inc, Philippines
- Antam Resourcindo - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Thai Mozambique Logistica
- Globalindo Alam Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
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