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Tuesday, April 04, 2017

Construction of Tanjung Jati B Coal-fired Power Plant Units 5 & 6 Expansion Project (2,000 MW) Commences

  PT Bhumi Jati Power (“BJP”) has satisfied the required conditions precedent for the project financing of the Tanjung Jati B coal-fired power plant Units 5 & 6 Expansion Project or also called Pembangkit Listrik Tenaga Uap (PLTU) Jawa-4 (“Project”) and commenced construction work on the Project on March 31, 2017. BJP is owned by Sumitomo Corporation, The Kansai Electric Power Co., Inc., and PT United Tractors Tbk, through wholly-owned subsidiaries, respectively Sumi  Energy Ventures LLC, KP Power Development B.V. , and PT Unitra Persada Energia.                                                                                                            This BOT (Build, Operate and Transfer) Project will cost approximately US$4.2 billion, and the project cost mainly funded with the loan  from the Japan Bank for International Cooperation (JBIC) and a syndication
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heavy equipment
Monday, February 27, 2017

United Tractors Recorded Consolidated Net Revenue of Rp 45.5 Trillion for 2016

PT United Tractors Tbk (“the Company”) today announced its consolidated financial statements for the financial year 2016. In the report, the Company recorded consolidated net revenue during 2016  decreased by 8% to Rp45.5 trillion compared to Rp49.3 trillion in 2015. The decrease was mainly driven by lower production volume and revenue from Mining Contracting business unit. Contribution in total revenue per business segment was mostly from Mining Contracting segment, that is 53%, followed by 32% from Construction Machinery, 11% from Mining, and 4% from Construction Industry.   Meanwhile, the Company recorded net income of Rp5.0 trillion in 2016, up 30% compared to Rp3.9 trillion in 2015 due to the absence of impairment loss on the carrying value of its
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heavy equipment
Friday, August 26, 2016

Bonded Logistics Centers to Facilitate Customer

Business competition is every day’s reality not only among individuals or corporations but also among countries. The business competition should be addressed with hard work and efficient system. Bearing this in mind, the government of Indonesia has initiated to build the Bonded Logistics Centers (Pusat Logistik Berikat / PLB) serving as multi-function logistics warehouse for import and local goods by withholding the import duty and exempting value the added tax (PPN) and enabling operational flexibility. President of the Republic of Indonesia Joko Widodo officially opened the PLB in March 2016. The legal basis for construction of the PLB is the Government Regulation (PP) No. 85 year 2015 on the amendment of the PP No. 32 year 2009 on the
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heavy equipment
Thursday, July 28, 2016

United Tractors Recorded Consolidated Net Revenue of Rp 22.6 Trillion for the First Half of 2016

  PT United Tractors Tbk (“the Company”) today announced its consolidated financial statements for the the first half of 2016. In the report, the Company recorded consolidated net revenue decreased by 10% to Rp22.6 trillion compared to Rp24.9 trillion in the same period in 2015. Declining sales and profit margin, added with foreign exchange loss, resulted in lower Company’s net profit which was recorded at Rp1.9 trillion, down 46% from Rp3.4 trillion.   Construction Machinery Segment Construction Machinery segment until June 2016 recorded a drop in Komatsu sales volume by 25% to 1,036 units from 1,375 units in the same period in 2015. The decrease in sales of heavy equipment occured in all sectors, except in construction sector
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heavy equipment
Monday, April 25, 2016

The AGMS of PT United Tractors Tbk Set Dividend and Appointed New Members of the Board of Commisioners and Board of Directors of the Company

JAKARTA: On Monday, 25 April 2016, United Tractors (“UT/ the Company”) has conducted the Annual General Meeting of Shareholders (“AGMS”) at the United Tractors Grand Ballroom, Jakarta. The AGMS adopted the resolutions in brief as follows: Approved the Company's Annual Report for the book year 2015, ratified of the Supervisory Report of the Board of Commissioners, and ratified the Financial Statements of the Company for the book year 2015, audited by Public Accounting Firm Tanudiredja, Wibisana, Rintis & Partners (member of the PricewaterhouseCoopers global network ), as stated in their report dated 20 February 2016, rendering the opinion of fairly stated in all material respects. Approved the utilization of profits of Rp3.9 trillion as follows: to be
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