Steel giant PT Krakatau Steel (KRAS) plans to build a new hot rolled coil manufacturing facility in the Cilegon industrial estate, Banten, worth US$390 million (Rp 4.92 trillion).According to Widodo Setia Dharmaji, the company’s director for technology and business development, the factory will have a capacity of 1.5 million tons of hot rolled coil per year and is expected to be operational in two years.“The factory will be completed by 2017. With this expansion, Krakatau Steel will have a capacity of 3.9 million tons,” Widodo said on the sidelines of a visit by Investment Coordinating Board (BKPM) chief Franky Sibarani, …read more
Source: The Jakarta Post
