KONTAN.CO.ID - JAKARTA. Almost all coal producers from Indonesia target the China and India markets. On the other hand, China has limited coal imports. PT Bukit Asam Tbk (PTBA) devised a different strategy to overcome this problem. PTBA chose to penetrate other countries. Commercial Director of PT Bukit Asam Tbk, Adib Ubaidilah, said that his company is now approaching markets in South Korea, Hong Kong, Vietnam, Bangladesh, and Sri Lanka because their economy is getting better. He also said it was possible that PTBA would target the Middle East market. "Next year, we have won several tenders in Hong Kong and South Korea," Adib said. PTBA will also strive to market coal directly to end users in the hope of reducing the production chain.
Bukit Asam targets five new export markets
KONTAN.CO.ID - JAKARTA. Almost all coal producers from Indonesia target the China and India markets. On the other hand, China has limited coal imports. PT Bukit Asam Tbk (PTBA) devised a different strategy to overcome this problem. PTBA chose to penetrate other countries. Commercial Director of PT Bukit Asam Tbk, Adib Ubaidilah, said that his company is now approaching markets in South Korea, Hong Kong, Vietnam, Bangladesh, and Sri Lanka because their economy is getting better. He also said it was possible that PTBA would target the Middle East market. "Next year, we have won several tenders in Hong Kong and South Korea," Adib said. PTBA will also strive to market coal directly to end users in the hope of reducing the production chain.