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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, 27 July 09
MIDDLE EAST COAL TO MOVE ON $1B EAST KALIMANTAN PROJECT
The Jakarta globe reported that, Middle East Coal reiterated on Monday that it would push ahead its $1 billion development program for East Kutai Re ...
Monday, 27 July 09
SHORT AND ONE YEAR PERIOD RATES FOR SUPRAMAX WAS FIRM AT AROUND US$ 18, 000 -18,500 PER DAY
COALspot.com (Singapore): The Supramax charter rates up sharply last week (ended 24th July 2009), especially India / Far East region said, Capt ...
Monday, 27 July 09
COKING COAL, IRON-ORE LIKELY TO BENEFIT NON-INTEGRATED STEEL PRODUCERS
Economictimes reported that, The second half of the financial year 2008-09 was one of the toughest periods for steel companies, especially the non-i ...
Monday, 27 July 09
GMR ENERGY BUYS EMCO POWERGEN SUBSIDIARY
DNA India reported that, Thane-based transformer manufacturer Emco Ltd has sold its stake in unlisted power generation subsidiary Emco Energy to Ban ...
Sunday, 26 July 09
CESC PLANS 2000 MW POWER PLANT IN BIHAR
Jai Bihar reported that, RPG flagship company CESC Ltd on Friday unveiled its plan to set up a 2,000 MW power generation plant at Pirpainti near Bha ...
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- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Intertek Mineral Services - Indonesia
- GVK Power & Infra Limited - India
- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Karaikal Port Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Aditya Birla Group - India
- Binh Thuan Hamico - Vietnam
- Borneo Indobara - Indonesia
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Indika Energy - Indonesia
- Barasentosa Lestari - Indonesia
- MS Steel International - UAE
- Chamber of Mines of South Africa
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- Tamil Nadu electricity Board
- Independent Power Producers Association of India
- PetroVietnam Power Coal Import and Supply Company
- South Luzon Thermal Energy Corporation
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Bhatia International Limited - India
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- McConnell Dowell - Australia
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Heidelberg Cement - Germany
- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- Deloitte Consulting - India
- Sical Logistics Limited - India
- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- Global Coal Blending Company Limited - Australia
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Banpu Public Company Limited - Thailand
- Mjunction Services Limited - India
- London Commodity Brokers - England
- Maheswari Brothers Coal Limited - India
- Petron Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Indian Oil Corporation Limited
- PNOC Exploration Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Xindia Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Metalloyd Limited - United Kingdom
- Minerals Council of Australia
- Oldendorff Carriers - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Toyota Tsusho Corporation, Japan
- Eastern Coal Council - USA
- CNBM International Corporation - China
- Electricity Authority, New Zealand
- Agrawal Coal Company - India
- International Coal Ventures Pvt Ltd - India
- The Treasury - Australian Government
- Singapore Mercantile Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asmin Koalindo Tuhup - Indonesia
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- Pendopo Energi Batubara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- Directorate Of Revenue Intelligence - India
- Commonwealth Bank - Australia
- VISA Power Limited - India
- Wilmar Investment Holdings
- Kepco SPC Power Corporation, Philippines
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- Globalindo Alam Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- Thiess Contractors Indonesia
- Bangladesh Power Developement Board
- Madhucon Powers Ltd - India
- Therma Luzon, Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- Standard Chartered Bank - UAE
- Makarim & Taira - Indonesia
- Sarangani Energy Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- Africa Commodities Group - South Africa
- Renaissance Capital - South Africa
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- Sindya Power Generating Company Private Ltd
- Semirara Mining Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- Orica Mining Services - Indonesia
- Australian Coal Association
- Anglo American - United Kingdom
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dalmia Cement Bharat India
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
- Attock Cement Pakistan Limited
- Bharathi Cement Corporation - India
- ASAPP Information Group - India
- Timah Investasi Mineral - Indoneisa
- Meralco Power Generation, Philippines
- Videocon Industries ltd - India
- Romanian Commodities Exchange
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- IEA Clean Coal Centre - UK
- Malabar Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Indogreen Group - Indonesia
- Trasteel International SA, Italy
- Formosa Plastics Group - Taiwan
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- India Bulls Power Limited - India
- New Zealand Coal & Carbon
- Sinarmas Energy and Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Coalindo Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- Parliament of New Zealand
- Bhoruka Overseas - Indonesia
- Meenaskhi Energy Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- Jaiprakash Power Ventures ltd
- Tata Chemicals Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Planning Commission, India
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
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