Polish mining machinery producer Famur, has signed a contract with Indonesian PT Pesona Khatulistiwa for supplying the equipment necessary to transfer excavated coal. The value of the contract hasn’t been announced yet, but according to a press release will be between $9.9-12,9 million. The deal should be completed within the next 10 months.
Famur hopes that this deal, along with other recently signed contracts will improve company’s financial results. “Polish mines have been reducing their spending on new equipment, in the first three quarters of 2013, they’ve spent some 41 percent less on the new machinery than in the whole 2012,” Famur Q1-Q3 profits in 2013 amounted to PLN 145 million, while in 2012 they stood at PLN 271 million.
From Warsaw Business Journal
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