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Article: KRAKATAU STEEL'S NEW FACTORY TENDERED IN 2001.
- Article from:
- Indonesian Commercial Newsletter
- Article date:
- October 10, 2000
CopyrightCOPYRIGHT 2000 P.T. Data Consult, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PT Krakatau Steel, the only integrated steel maker in Indonesia, will put to tender its project to build a replacement for an old plant in 2001. The new facility is expected to increase its steel production to 2.4 million per annum from 2.4 million tons currently. The production capacity will be further increased to 5 million tons per annum in 2004.
The project is predicted to cost around US$350 million. According to State Minister for Research and Technology AS Hikam, some 30% of the total investments will be raised from domestic sources, while the remainder will come from overseas syndicated loans. Two financial syndicates from Japan and Germany are reportedly ...