JAKARTA (The Jakarta Post/ANN): Competition in Indonesia’s heavy equipment market, which has already been hit hard by depressed mineral prices and investment during the Covid-19 pandemic, will become much fiercer with the entry of more Chinese products.
LiuGong, a leading Chinese heavy equipment manufacturer, entered the market only a few months ago but has gained 4 per cent of the national market, said Eddy Rodianto, chief financial officer of publicly listed PT Intraco Penta (INTA).
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