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PT Krakatau Steel to start construction of hot strip mill in August-The 18th Guangzhou Die-casting, Foundry & Industry Furnace Exhibition
7/28/2016 壓鑄展-鑄造展- Die-casting expo-foundry expo |
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The Jakarta Post reported that after several delays, Indonesia’s state steel maker Krakatau Steel has finally scheduled the groundbreaking of a USD400 million hot strip mill in Cilegon, Banten, for August. KS president director Mr Sukandar He told "The groundbreaking will be conducted in August and construction is expected to be completed in 2019.”
He said the mill would add 1.5 million tonnes to its current 3.15 million tonne annual steel production.
MrSukandar further said the mill construction would be financed with a USD 260 million loan from Commerzbank AG, with support from the German Export Credit Agency and USD106 million internal equity, among others.
-The
18th Guangzhou Die-casting, Foundry & Industry Furnace Exhibition
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