October 07, 2008

United Tractors to invest USD 200 million on new equipment

ANTARA News reported that Indonesian heavy equipment company PT United Tractors will spend USD 200 million in 2008, mainly on new equipment.

Mr Gidion Hasan finance director of United Tractors said that replacement of old equipment used by its subsidiary PT Pamapersada will cost around USD 150 million.

PT Pamapersada operates in mining contracting service handling a number of projects awarded by a number of major coal mining companies such as PT Adaro Indonesia, PT Kaltim Prima Coal, PT Tambang Batubara Bukit Asam and Kideco Jaya Agung.