Description
Heavy equipment Industry in Indonesia has likely yet to be influenced much by global crisis with its spectacular growth. It is seen from its sales which keep on rising. In 2010 Indonesia’ heavy equipment sales reached 12,460 units rose to 17,360 units in 2011 and reached a peak in 2012 to 19,596 units although the performance of two industrial sectors as heavy equipment users declined in 2012.
Based on a survey conducted by CDMI that two largest heavy equipment user in the country namely coal industrial sector and oil plm industrial sector were immensely hit by the crisis. This condition was caused by declining coal price in world markets. Up to August 2012 the average coal price in 2012 reached US$ 87.9/mt if compared with that in the same priode of previous year reaching US$ 120.75/mt. There were many small scaled companies closing down their coal mining areas for they were not able to cover exploration expense while there were large scaled coal indsutries postponing to buy new heavy equipment.
