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The Jakarta Post
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KS, Posco to build $6b steel plant in Cilegon

  • Nani Afrida

    The Jakarta Post

Jakarta | Thu, August 5 2010 | 10:01 am
KS, Posco to build $6b steel plant in Cilegon

After a long series of negotiations, PT Krakatau Steel (KS) and South Korea’s POSCO agreed Wednesday to form a joint venture to build and operate a steel plant in Cilegon, Banten province in the western part of Java.Light moment: Chairman of the Investment Coordinating Board (BKPM) Gita Wirjawan (from left), Industry Minister M.S. Hidayat, State-Owned Enterprises Minister Mustafa Abubakar, Posco...

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