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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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Monday, 17 August 09
COAL EXPORTS CONTINUE DESPITE SHORTAGE
Vietnam News reported that, Viet Nam is exporting more coal despite a warning from experts that the country could face a shortage of this fossil fue ...
Monday, 17 August 09
S.KOREA JULY COAL IMPORTS UP TO 8.97 MLN T
* Imports of heating coal in July up 3.7 percent on year
* LNG imports in July fall for seventh straight month
Alibaba reorted that, South Kore ...
Monday, 17 August 09
COAL INDIA PLANS A PRICE HIKE OF 11%
With the state-run CIL mining 84% of the coal produced in the country, an 11% increase will push up inflation by around 0.16%, the company said
L ...
Monday, 17 August 09
BANPU SEES INDONESIAN MINE OUTPUT UP 10 PCT IN 2010
Reuters reported that, Thailand's top coal miner, Banpu, said on Monday it expected coal output from its Indonesian mines to rise 10 percent to abo ...
Monday, 17 August 09
COAL IMPORTS SURGE IN H1
China is one of the world's leading coal producers. But even so, imports of coal have surged in the first half of the year, hitting a record in Jun ...
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- Singapore Mercantile Exchange
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- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- White Energy Company Limited
- Medco Energi Mining Internasional
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- Oldendorff Carriers - Singapore
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- VISA Power Limited - India
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- SMG Consultants - Indonesia
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- Thai Mozambique Logistica
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- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
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- Anglo American - United Kingdom
- SMC Global Power, Philippines
- Rashtriya Ispat Nigam Limited - India
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
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- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
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- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
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- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Mercuria Energy - Indonesia
- Thiess Contractors Indonesia
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- Bangladesh Power Developement Board
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- McConnell Dowell - Australia
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- Kohat Cement Company Ltd. - Pakistan
- GN Power Mariveles Coal Plant, Philippines
- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- Wood Mackenzie - Singapore
- Energy Link Ltd, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Meralco Power Generation, Philippines
- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- Jaiprakash Power Ventures ltd
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- Borneo Indobara - Indonesia
- Coastal Gujarat Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- Maharashtra Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- PTC India Limited - India
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- Dalmia Cement Bharat India
- European Bulk Services B.V. - Netherlands
- Carbofer General Trading SA - India
- Goldman Sachs - Singapore
- Economic Council, Georgia
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
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- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
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- New Zealand Coal & Carbon
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- Gujarat Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- Malabar Cements Ltd - India
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- MS Steel International - UAE
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- The University of Queensland
- Independent Power Producers Association of India
- Bhushan Steel Limited - India
- Timah Investasi Mineral - Indoneisa
- Australian Coal Association
- Australian Commodity Traders Exchange
- Ministry of Transport, Egypt
- South Luzon Thermal Energy Corporation
- Kalimantan Lumbung Energi - Indonesia
- Petron Corporation, Philippines
- Larsen & Toubro Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Sakthi Sugars Limited - India
- Globalindo Alam Lestari - Indonesia
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- GVK Power & Infra Limited - India
- Altura Mining Limited, Indonesia
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- Samtan Co., Ltd - South Korea
- AsiaOL BioFuels Corp., Philippines
- Kobexindo Tractors - Indoneisa
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- Indian Energy Exchange, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- India Bulls Power Limited - India
- Interocean Group of Companies - India
- Minerals Council of Australia
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- Electricity Generating Authority of Thailand
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- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- Indian Oil Corporation Limited
- Indogreen Group - Indonesia
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
- SN Aboitiz Power Inc, Philippines
- Ministry of Finance - Indonesia
- Straits Asia Resources Limited - Singapore
- Mjunction Services Limited - India
- Heidelberg Cement - Germany
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- Planning Commission, India
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