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Indonesia United Tractors sees 2011 sales up 10 pct
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Sunday, 07 Nov 2010
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Reuters reported that PT United Tractors, Indonesia biggest heavy equipment provider expects sales to rise 10% next year as mining companies continue to expand.

Mr Gidion Hasan United Tractors' finance director said that it will also boost the 2011 coal output target for its unit, PT Pamapersada Nusantara, Indonesia's biggest coal contractor to 79 million tonnes from 75 million tonnes this year.

United also aims to produce at least 4 million tonnes next year from its own coal mines which are expected to produce 3 million tonnes this year.

The company will spend up to USD 400 million in capital expenditure next year.

(Sourced from Reuters)

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