Aug 30, 2010

United Tractors sets 10 mio tons coal

Publicly listed heavy equipment distributor, coal mining, and coal mining contractor PT United Tractors Tbk (UNTR) plans to produce 10 million tons of coal in the next 4-5 years.
United Tractors Corporate Secretary Sara K. Loebis said the company's coal capacity is currently around 3.2 million tons annually. About 2.5 million tons is coming from coal mining owned by PT Pamapersada Nusantara, UNTR wholly owned subsidiary, and 700,000 tons from PT Tuah Turangga Agung.
According to her, as reported by Kontan daily, output capacity of Tuah Turangga will increase to 1.5 million tons-1.7 million tons next year.
PT Agung Bara Prima, which was acquired by Tuah Turangga Agung, is estimated to produce 1 million tons of coal in 2012.  United Tractors is considering to acquire 1 million tons of coal company.

Disclosure: No position at the stock mentioned above.  

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