UT was appointed as the authorized sole distributor of Komatsu heavy equipment, Sumitomo Link Belt and Tadano Crane.

 

UT became the sole distributor of Bomag vibratory roller and Komatsu forklift.

 

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.

 

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.

 

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.

 

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.

 

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.

 

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.

 

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.

 

Sunray Pte.Ltd. was established in Singapore to manage export and import services.

 

Bonus share of 3 to 1, increased the total number of shares to 138,000,000.

 

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.

 

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.

 

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.

 

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.

 

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.

 

UT transferred 39% of its ownership at Berau Coal to UT Heavy Industry (S) Pte. Ltd.

 

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.

 

Through PAMA - one of our affiliated companies, we acquired PT Dasa Eka Jasatama (DEJ) in Rantau, South Kalimantan as a coal mining concession operating on a 12,500 hectare area.