PT Mandiri Tunas Finance (MTF) assessed that the recent weakening of the rupiah has had an impact on increasing demand for financing for Chinese brand heavy equipment (HE) in the domestic market.

Lately, Chinese brand heavy equipment has become increasingly popular in Indonesia because its prices are more competitive compared to brands from the US, Europe, and Japan. Several brands of Chinese heavy equipment circulating in the domestic market include Sany, LiuGong, Sinotruk, and XCMG.

MTF Director William Francis did not deny that this also happened in his company. This is due to several factors, including more competitive prices, easy access, and fairly affordable quality.

Especially when the rupiah weakens, the price of imported goods will tend to increase, so the price of heavy equipment from China becomes a more affordable choice, especially for debtor companies that require large investments for infrastructure, construction, and mining work, William told Kontan, Friday

Source : msn.com

Feb 8 Feb, 2025