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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, 25 August 09
COAL OUTPUT TO RISE IN H2 BUT EXPORTS TO GO FLAT
The leading english news paper in Indonesia reported that, It is estimated coal production will rise by 5.7 percent in the second semester from a ye ...
Tuesday, 25 August 09
INDIAN FIRM TO INVEST $44 MN IN INDONESIA
Economic Times - India Times reported that, BEML Limited, India-based second largest heavy equipment producer in Asia, will invest $44 million in In ...
Tuesday, 25 August 09
PIKE RIVER DELAYS COAL EXPORTS FROM NEW ZEALAND MINE
South African mining Weekly reported that, The first 60,000-t export shipment from ASX-listed Pike River Coal’s new mine has been delayed unti ...
Monday, 24 August 09
INDONESIAN GOVT ASKED TO CONTROL COAL TRADERS, BROKERS
The Jakarta Post, the leading English news paper in Indoneisa reported that, Businesses are urging the government to bring all coal traders and brok ...
Monday, 24 August 09
10,000 MW TO BE GENERATED THROUGH THAR COAL RESERVES BY 2020
Four projects of 2450 MW approved; govt to invest Rs80bn in five years on infrastructure
The News Pakistan reported that, The Thar Coal a ...
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- PNOC Exploration Corporation - Philippines
- Dalmia Cement Bharat India
- Ministry of Finance - Indonesia
- White Energy Company Limited
- Jaiprakash Power Ventures ltd
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- Siam City Cement - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
- Star Paper Mills Limited - India
- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- PTC India Limited - India
- Mercator Lines Limited - India
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Uttam Galva Steels Limited - India
- Aditya Birla Group - India
- Krishnapatnam Port Company Ltd. - India
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- Singapore Mercantile Exchange
- Orica Mining Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- Attock Cement Pakistan Limited
- European Bulk Services B.V. - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- Central Java Power - Indonesia
- Sindya Power Generating Company Private Ltd
- OPG Power Generation Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Videocon Industries ltd - India
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Renaissance Capital - South Africa
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- The Treasury - Australian Government
- ASAPP Information Group - India
- Thai Mozambique Logistica
- Sakthi Sugars Limited - India
- Rio Tinto Coal - Australia
- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- London Commodity Brokers - England
- Bukit Baiduri Energy - Indonesia
- Bhatia International Limited - India
- Therma Luzon, Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Minerals Council of Australia
- Sojitz Corporation - Japan
- GMR Energy Limited - India
- Eastern Energy - Thailand
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- Kepco SPC Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
- Gujarat Sidhee Cement - India
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
- Bhushan Steel Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Aboitiz Power Corporation - Philippines
- Indonesian Coal Mining Association
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Malabar Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhoruka Overseas - Indonesia
- Salva Resources Pvt Ltd - India
- Agrawal Coal Company - India
- Jorong Barutama Greston.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Energy Development Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- MS Steel International - UAE
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Georgia Ports Authority, United States
- Karbindo Abesyapradhi - Indoneisa
- Posco Energy - South Korea
- Timah Investasi Mineral - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Latin American Coal - Colombia
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Interocean Group of Companies - India
- Semirara Mining and Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- SMC Global Power, Philippines
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Wood Mackenzie - Singapore
- TeaM Sual Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Indian Oil Corporation Limited
- Alfred C Toepfer International GmbH - Germany
- Vedanta Resources Plc - India
- Kobexindo Tractors - Indoneisa
- Chamber of Mines of South Africa
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- Trasteel International SA, Italy
- Wilmar Investment Holdings
- Altura Mining Limited, Indonesia
- Samtan Co., Ltd - South Korea
- Heidelberg Cement - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Grasim Industreis Ltd - India
- Ambuja Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Mercuria Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Iligan Light & Power Inc, Philippines
- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- Central Electricity Authority - India
- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Tata Chemicals Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Makmur.PT - Indonesia
- Australian Coal Association
- Price Waterhouse Coopers - Russia
- Deloitte Consulting - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- Borneo Indobara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Africa Commodities Group - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
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