Trakindo wins $175m order

Trakindo wins $175m order

PEORIA, Ill.(Reuter): Caterpillar Inc said Tuesday its Indonesia dealer, P.T. Trakindo Utama, secured a mining equipment contract worth more than US$175 million with P.T. Newmont Nusa Tenggara.

P.T. Newmont is a joint venture company, whose operating partner is Newmont Gold Co.

Most of the products will be manufactured in Decatur, East Peoria, Joliet and Aurora, Ill. Delivery of the machines is scheduled to begin this fall and continue through 2002. Products include track-type tractors, motor graders, wheel loaders and mining trucks.

Caterpillar said the contract includes extensive product support agreements between Newmont and Trakindo. These agreements guarantee certain operating and maintenance costs as well as machine availability.