Intraco cooperates with Sinotruk

IDX-listed heavy equipment distributor PT Intraco Penta Tbk, (INTA), is strengthening its position in the heavy equipment market in Indonesia by cooperating with Chinese truck manufacturer, Sinotruk. This strategic action aims to support future business expansion.

Sinotruk is a brand from CNHTC (China National Heavy Truck Company) which is a heavy-duty truck manufacturer for mining, construction, infrastructure, agribusiness, forestry and even military.

On the sidelines of the signing ceremony of the cooperation with Sinotruk in Jakarta on Wednesday (02/23) INTA's director of sales Willy Rumondor said, ?We chose Sinotruk because they have international quality at competitive prices and is one of the largest truck manufacturer in the world.?

He added that at the end of 2010, Sinotruk managed to take over the position of India's Tata in the top four of the world's biggest truck manufacturer and set a target of top three in the world in less than 10 years.

In terms of financial performance, 2010 was a year of growth for INTA. Fred L. Manibog, Finance Director of INTA expressed, ?INTA successfully recorded significant growth of sales of heavy equipment in the year 2010 to reach revenues of about Rp 1.9 trillion or about 70% growth compared to year 2009.?

?In fact, our 2010 net profit up 121% to Rp 83 billion, from Rp 37.5 billion at the end of 2009,? he said. (giok)