United Tractors Work On Mining
Jakarta-PT United Tractors Tbk (UNTR) is developing a coal mining business. The Company began acquiring concessions and coal companies. A number of coal mining companies have been acquired sorts Tuah Turangga Great, PT Asmin Bara Baronang, PT Bukit Enim Energy worth $ 20 million.
"We are focused and will work on the coal mining sector," said Sara Loebis, United Tractor Company Secretary, here on Tuesday (9 / 8).
In addition, the company also has a share purchase agreement coal mining company PT Duta Prosperous and PT Duta Nurcahya. Coal mines of the newly acquired it the fastest production will begin in 2013. Because it is still considered a new contribution of coal business is still considered small, or only reached about 10 percent. This contribution is still visible from the calculation of the price of coal.
"We have made acquisitions of coal mines from now when it will be too late. New coal mines will begin production in 2013 and it is small in volume, so its contribution is still below 20 percent, "explains Sara.
On the other hand, management predicts sales of heavy equipment in July 2011 touched around 700 units. Indeed, earlier in June, the company recorded sales of 742 units of heavy equipment. Where's total sales during the first half of 2011 there were approximately 4333 units. "Estimated sales of heavy equipment around 700 in July 2011. Most of the sales distribution for the mining business, "he added.
According to him, with that achievement, the company also revised its sales target this year to 7500-8000 units. While the movement of stocks on the stock exchange joined the company sank following a worsening of the global market. Throughout coded UNTR stock trading was closed slumped 750 points (3.13 percent) to a level of Rp 23,300 per share. Stocks with a capitalization of Rp 86.54 trillion is traded as many as 8,623,500 pieces.

