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PT Krakatau Steel proceeding with expansion projects-The 17th Guanzhou Die-casting,Foundry&Industry Furnace Exhibition
3/16/2016 Die-casting,Foundry&Industry Furnace expo |
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The Jakarta Post reported that Indonesian state run steelmaker PT Krakatau Steel aims to kick off the construction of a hot strip mill this month and to finish a blast furnace by September even as the company is experiencing financial difficulties. President director Mr Sukandar said “We have to keep our business growing, although it’s difficult.”
KS, the country’s largest steel producer, was scheduled to start constructing its second hot strip mill by the end of this month.
The company also aimed to complete the construction of its blast furnace by the end of September this year. The blast furnace, built with an investment of more than USD 500 million, is designed to produce 1.25 million tons of hot metal, which will serve as intermediary materials to make a variety of finished steel products.
The second hot strip mill project in Cilegon, Banten, which needed an investment of about $400 million, would have an approximate capacity of 1.5 million tons once it started operation in 2018.
KS corporate secretary Iip Arief Budiman said previously the company aimed for its hot rolled coil production to amount to 3.9 million tons by the time the new factory starts operating. The figure is more than double the firm’s current hot rolled coil output of 1.5 million tons.
-The 17th Guanzhou
Die-casting,Foundry&Industry Furnace Exhibition
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