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Komatsu's $220 Million Indonesian Order for Mining Machinery Signals Sector Revival
BANGALORE, INDIA--October 2, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--Komatsu Limited (OTC:KMTUY) (Tokyo, Japan) has secured a $220 million order from Indonesia for the supply of coal-extraction machinery. The order is indicative of reviving demand in the commodity and metals sectors. According to Kazuhiko Iwata, president of Komatsu's mining division, the contract covers 300 dump trucks, bulldozers and excavators and is the largest order received this year.
Other companies featured: Vale SA (NYSE:VALE), Rio Tinto Limited (NYSE:RTP), Oz Minerals Limited (ASX:OZL), Aluminum Corporation of China Limited (NYSE:ACH)
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Industry Segment: Metals & Minerals
Word Count: 619 Words
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