Highest In 5 Years Kobex Heavy Equipment Sales Grow 41 In 2022

A provider of integrated heavy equipment, PT Kobexindo Tractors Tbk (KOBX), was able to report sales growth of 41% in 2022. This figure is a provisional figure that has not yet undergone an audit and is therefore unaudited.

Sales of the company's heavy equipment, both for mining and non-mining applications, contributed to this growth. "Throughout 2022, we were able to post sales figures of US$ 168.5 million, up 41% from 2021 sales figures of US$ 119.3 million.

The last five years have not seen a higher figure than this one. This accomplishment cannot be separated from the Company's strategy to maximize sales of heavy equipment units, including mining and non-mining, which are in our business segment.

", Martio, Kobexindo's deputy main director, explained. It is impossible to separate the high price of mining commodities that started in 2021 from the high demand for heavy equipment.

Even though commodity prices have been adjusted for 2022, the current price will still benefit mining owners by allowing them to raise production quotas in order to keep up with demand for mining materials. "The recovery in the economy following the Covid-19 pandemic, which resulted in easing activities while still paying attention to health and safety procedures, was also a positive catalyst for growth," said the author.

Our target markets in the mining, industrial, logistics, and construction business sectors are subsequently triggered. ", stated Martio.

Management made a number of observations throughout 2022 that need to be taken into account if sustainable growth is to be maintained in 2023 and the following years. Particularly in relation to the supply of heavy equipment units.

In order to meet the spike in demand and levels of consumer demand, some of these factors have increased, such as the production capacity of heavy equipment producers, the cost of raw materials for heavy equipment, the availability of limited fleets, and logistics or transportation costs. The company is also keeping an eye on increasing interest rates, shifts in the value of the US dollar relative to the rupiah, and the potential effects of a global recession.

The company has planned ahead for these issues by establishing an inventory strategy based on anticipated customer orders over the coming months, securing supplies of heavy equipment through partnerships with Doosan, NHL Terex, Mercedes Benz, and other manufacturers, as well as developing a pricing strategy. "We are optimistic that business growth in 2023 will maintain the growth momentum from the previous years.

This is supported by the sale of premium product lines that are trustworthy, highly effective, and supported by after-sales service and the availability of spare parts at our 13 branch office locations so that we can provide the best for our customers, "he said. The company has set aside US$ 4 million in capital expenditures to support the operations and renovation of heavy equipment rental units in 2023 in order to support the growth strategy.

Additionally, the company is getting ready to launch a number of new products in 2023 to strengthen its lineup of heavy equipment for both mining and non-mining applications. (Ant/E-1) To support business operations and the restoration of heavy equipment rental units, the company has set aside US$ 4 million in capital expenditures.

Additionally, the company is getting ready to launch a number of new products in 2023 to strengthen its lineup of heavy equipment for both mining and non-mining applications. (Ant/E-1) To support business operations and the restoration of heavy equipment rental units, the company has set aside US$ 4 million in capital expenditures.

Additionally, the company is getting ready to launch a number of new products in 2023 to strengthen its lineup of heavy equipment for both mining and non-mining applications. (Ant/E-1).

In order to meet the spike in demand and levels of consumer demand, some of these factors have increased, such as the production capacity of heavy equipment producers, the cost of raw materials for heavy equipment, the availability of limited fleets, and logistics or transportation costs.