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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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Sunday, 21 June 09
CHINESE MINERS SEAL THERMAL COAL DEALS WITH JAPAN AND KOREA
As the confrontation between China's power and coal enterprises become more and more serious, coal enterprises which had supposedly been in the sho ...
Sunday, 21 June 09
MERCATOR TO BUY 3 BULK VESSELS
Mercator Lines, India’s second-largest private shipping company, is expanding its capacity and is set to acquire three gearless post-Panamax b ...
Sunday, 21 June 09
COAL SCARCITY HITS BIHAR POWER PLANTS
The Rs 60,000 crore 12,500mw power projects cleared by the State Investment Planning Board (SIPB) which could change the face of Bihar if commission ...
Sunday, 21 June 09
NLC CHALKS OUT RS 40K CR INVESTMENT
Public sector mini rathna, Neyveli Lignite Corporation is in rapid expansion mode and has chalked out Rs 40,000 crore investment both in
the mining ...
Sunday, 21 June 09
TRANSPORT PROBLEMS HOLD BACK RUSSIAN COAL EXPORTS
Limited rail capacity and poor port infrastructure are frustrating the ambitions of Russia's leading coal producers to increase exports quickly to ...
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- IHS Mccloskey Coal Group - USA
- SMC Global Power, Philippines
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- Bulk Trading Sa - Switzerland
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- White Energy Company Limited
- Rio Tinto Coal - Australia
- Altura Mining Limited, Indonesia
- Commonwealth Bank - Australia
- Jaiprakash Power Ventures ltd
- CIMB Investment Bank - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- Leighton Contractors Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- PNOC Exploration Corporation - Philippines
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- Ind-Barath Power Infra Limited - India
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- Alfred C Toepfer International GmbH - Germany
- Meralco Power Generation, Philippines
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- Australian Coal Association
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- Videocon Industries ltd - India
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Karaikal Port Pvt Ltd - India
- PTC India Limited - India
- Gujarat Sidhee Cement - India
- Indian Energy Exchange, India
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- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
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- Ministry of Transport, Egypt
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- Heidelberg Cement - Germany
- CNBM International Corporation - China
- ICICI Bank Limited - India
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- Bukit Makmur.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- Deloitte Consulting - India
- Manunggal Multi Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- Renaissance Capital - South Africa
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Tamil Nadu electricity Board
- Ministry of Mines - Canada
- Latin American Coal - Colombia
- Attock Cement Pakistan Limited
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- The University of Queensland
- Orica Australia Pty. Ltd.
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- Semirara Mining Corp, Philippines
- Larsen & Toubro Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Meenaskhi Energy Private Limited - India
- Globalindo Alam Lestari - Indonesia
- McConnell Dowell - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- Antam Resourcindo - Indonesia
- New Zealand Coal & Carbon
- ASAPP Information Group - India
- Global Coal Blending Company Limited - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Star Paper Mills Limited - India
- Indika Energy - Indonesia
- Economic Council, Georgia
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Interocean Group of Companies - India
- The State Trading Corporation of India Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
- Planning Commission, India
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- Central Electricity Authority - India
- Petron Corporation, Philippines
- India Bulls Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Baramulti Group, Indonesia
- Sree Jayajothi Cements Limited - India
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement - Thailand
- Parry Sugars Refinery, India
- Miang Besar Coal Terminal - Indonesia
- Mjunction Services Limited - India
- Merrill Lynch Commodities Europe
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
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- Tata Chemicals Ltd - India
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
- Timah Investasi Mineral - Indoneisa
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- Bangladesh Power Developement Board
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- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
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- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Madhucon Powers Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- Intertek Mineral Services - Indonesia
- Indian Oil Corporation Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GMR Energy Limited - India
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- Kapuas Tunggal Persada - Indonesia
- Dalmia Cement Bharat India
- Minerals Council of Australia
- Xindia Steels Limited - India
- Bharathi Cement Corporation - India
- Lanco Infratech Ltd - India
- Makarim & Taira - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- OPG Power Generation Pvt Ltd - India
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