Seizing upon an opportunity to broaden its presence and its share of the rapidly developing market of Indonesia, Volvo Construction Equipment (Volvo CE) is strengthening its position in Indonesia by appointing PT Indotruck Utama (ITU) as its second authorized dealer. Operating in Indonesia since 1988, the newly appointed company will work alongside PT Intraco Penta Tbk (INTA), Volvo CE’s Indonesian dealer for the past 29 years.
The appointment is part of Volvo CE’s plan to expand its presence in Indonesia while taking advantage of Indonesia’s current economic growth — a strong second quarter saw the country’s gross domestic product expand by 2.9% over the previous quarter, and the World Bank has forecasted 6.2% overall economic growth here this year. With two high-performing and well-established partners in Indonesia, Volvo CE will be able to offer customers unprecedented access to its products and services across the country. In order to better serve customers, the two dealers will divide the market, with ITU handling Sumatra, Java, Nusa Tenggara and Papua and INTA covering Kalimantan, Sulawesi and Maluku.
“With the phenomenal market growth occurring in Indonesia right now, we believe the time is right to expand our service across the country,” says Derrick Sim, president director of PT Volvo Indonesia. “We have had a mutually beneficial relationship with Intraco Penta for almost 30 years and expect that to continue – we also expect the same strong collaboration with Indotruck Utama as our newly authorized dealer in Indonesia.”
Representatives from ITU and INTA were equally positive about the new arrangement.
“This partnership with Volvo CE is an important milestone for our company,” said Bambang Prijono, director of PT Indotruck Utama. “We are proud to be associated with the Volvo brand and look forward to working with Volvo CE and Intraco Penta in the years to come.”
“We are very enthusiastic about this new partnership, since Kalimantan and Sulawesi have a very high potential for growth, particularly in the mining sector,” said Petrus Halim, president director of PT Intraco Penta Tbk. “We have had a good collaboration with Volvo CE all this time and will continue to maintain a strong partnership in the future. As an integrated total solution provider, Intraco Penta will continue to provide our best service to fulfill the growing needs of the Indonesia market.”
The collaboration between Volvo CE, ITU and INTA was formalized during a ceremony on September 16 at the Four Seasons Hotel.