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View all search resultsHeavy equipment sales projected to rise as RKAB approvals gather pace
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Heavy equipment owned by PT Berau Coal is used in coal mining activities at an East Kalimantan mine. (JP/Indra Harsaputra)
H
eavy equipment sales in Indonesia are expected to pick up in the second half of this year, driven by the gradual approval of mining companies’ annual production plans (RKAB), industry players say, although rising commodity prices have yet to trigger immediate demand.
Yushi Sandidarma, chairman of the Indonesian Heavy Equipment Sole Agents Association (PAABI), noted that the market remained restrained, with many customers taking a wait-and-see approach despite favorable price trends.
“Once the RKAB are approved, we hope it will impact heavy equipment sales, especially in the second half,” he said on Wednesday, as reported by Kontan.
The approval process has been a critical bottleneck.
Willianto Febriansa, director of PT Intraco Penta (INTA), explained that financing institutions were reluctant to disburse loans without RKAB approval, further holding back corporate operations.
“Even among those that have been approved, only a small portion have received the green light. This affects production and financing plans,” he said, as Kontan reported.
Read also: Indonesia approves 580 million tonne coal production plan, signals output boost
