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Milestones
| 1972 |
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PT United Tractors (UT) was established on October
13th, 1972.
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| 1973 |
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UT was appointed as the authorized sole distributor
of Komatsu heavy equipment, Sumitomo Link Belt and Tadano Crane.
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| 1974 |
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UT became the sole distributor of Bomag vibratory
roller and Komatsu forklift.
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| 1982 |
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PT Komatsu Indonesia (KI) was established as the
manufacturer and assembler of Komatsu Heavy Equipment and foundry
component, located on PPI UT - Cakung. Utilizing Komatsu Ltd. Japan
technology, KI produces buldozer, hydraulic excavator, motor grader,
wheel loader and other heavy equipment components for export to
Japan. KI's Construction Equipment Division (Compo Production Shop),
Foundry Division & Frame Fabrication Plant and Assembling Plant
are now located at Jalan Raya Cakung, Cilincing.
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| 1983 |
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PT United Tractors Pandu Engineering (UTE) was established
as the manufacturer of forklift trucks, transportation equipment
and attachments. UTE produces under licensed products such as Komatsu
forklift, John Deere farm tractors, Niigata asphalt mixing plant
as well as its own designed products, such as Patria forklift and
many attachments. Located in UT Industrial Development Center, Cakung,
UTE has expanded into several fabrication plants in several locations.
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| 1984 |
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PT Pandu Dayatama Patria (PDP) was established as
the manufacturer and assembler of engines and hydraulic component,
located in PPI UT-Cakung. PDP produces equipments such as Komatsu
and Nissan diesel engine, Patria generating set and car engine for
Peugeot, BMW and also hydraulic manufacture.
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| 1989 |
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UT went public as PT United Tractors Tbk and listed
its shares at the Jakarta and Surabaya Stock Exchange on 17 September
1989. With 1,545,600,000 listed shares, UT's current shareholders
are composed of 50.05% public and 49.95% PT Astra International
Tbk. At the same year, PT Pamapersada Nusantara (Pama) was established
as the surface mining contractor.
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| 1990 |
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UT acquired 60% shares of PT Berau Coal (Berau),
which operates a coal mine concession at Berau, East of Kalimantan.
The fields are located at Lati and Binungan.
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| 1991 |
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UT raised Rp. 115 billion through limited offering
of 11,500,000 shares at the offer price of Rp. 10.000, which at
the same time increased number of shares from 23,000,000 to 34,500,000.
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| 1992 |
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PT United Tractors Semen Gresik (UTSG) was established
and located in Gresik, East of Java. This company is a joined venture
between UT and PT Semen Gresik.
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| 1993 |
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Sunray Pte.Ltd. was established in Singapore to
manage export and import services.
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| 1994 |
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Bonus share of 3 to 1, increased the total number
of shares to 138,000,000.
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| 1995 |
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KI went public and listed on the Jakarta and Surabaya
Stock Exchange. At the same year, UT Heavy Industry Pte. Ltd. was
established in Singapore as distributor of heavy equipment and Patria
forklift - designed and produced by UTE -- was certified with ISO
9002.
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| 1996 |
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Patria -- UTE's brand -- received Certificate of
Confirmity (CE) in Europe and Certificate of Safety (GS) in Germany.
At the same year, United Ostermeyer Engineering Pte. Ltd. was established
in Darwin, Australia as a patent company.
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| 1997 |
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Komatsu Remanufacturing Asia (KRA) was established
in Balikpapan, 51% owned by UT and 49% owned by Komatsu Asia Pacific
Pte.Ltd., Singapore. KRA engaged in overhauling and reconditioning
heavy equipments of Komatsu. At the same year, Pama Indo Mining,
a mining contractor for cement producer, was established in Batu
Licin (South of Kalimantan), owned by Pama and PT Indocement Tunggal
Prakasa Tbk.
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| 2000 |
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Bonus shares 5 to 9, stock split and Employee Stock
Option Plan were implemented. At the same year, debt restructuring
of UT Group -- consisted of Berau Coal, UTE, Pama and PDP - has
reached an agreement and a total amount of US$ 278,5 million and
Rp 147 billion was signed.
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| 2001 |
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Berau Coal opened a new coal mining site at Sambarata,
East Kalimantan, with proven reserves of 90 million tonnes. At the
same year, UTE was awarded as preferred supplier of General Electric,
USA and was acknowledged as a green grade company by Toyota Machinery,
USA.
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| 2002 |
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UT transferred 39% of its ownership at Berau Coal to UT Heavy Industry (S) Pte. Ltd.
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| 2004 |
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Signing of Creditor’s Agreement in regards to UT’s Debt Restructuring, followed with the conduct of Limited Public Offering (Rights Issue) and buy back of the Company’s debt. At the same year, UT divested all of its ownership at Berau Coal and Pandu Dayatama Patria, as well as released a part of its ownership at Komatsu Indonesia, down to 5%. The debt buy back and asset divestment allowed UT to strengthen its fundamental and able to distribute cash dividend for the first time since monetary crisis. During the year, UT was also formally inaugurated as the new distributor of Valmet forestry equipment and Scania truck and bus.
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