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What is United Tractors mean?
PT United Tractors Tbk or United Tractors (UT/the Company) is a company that was established on 13 October 1972 as the exclusive distributor of Komatsu Limited heavy equipment in Indonesia. On 19 September 1989, the company went public and listed its shares in Indonesia Stock Exchange as PT United Tractors Tbk (UNTR), with PT Astra International Tbk as the majority shareholder. The company is also the exclusive distributor of UD Trucks, Bomag, Tadano and Scania AB.
Aside of being the largest distributor of heavy equipment in the country, the Company also plays an active role in the field of mining contracting and has recently ventured into coal and gold mining businesses. Through its subsidiaries, the Company owns and operates several coal mines of 400 million tons combined reserve and one of the largest gold mines in the world, Martabe mine. The three major business units are Construction Machinery, Mining Contracting and Mining. The portfolio of these three business units are prudently managed to provide stable profitability unlike a typical pure-play mining company which its profitability strongly depends on the volatile commodity prices. In 2012, when mining businesses were in decline, United Tractors still delivered net income of Rp 55,953 billion (US$5.593 billion) and was recognized as the sixth largest company in Indonesia according to Fortune 100.
reference nanPosted on 05 Oct 2024, this text provides information on Miscellaneous in Business related to Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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