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Inalum to boost production to 650,000 tons per year
Aluminum producer PT Indonesia Asahan Aluminium (Inalum), now a state-owned enterprise, will gradually increase production to 650,000 tons per year from the current 260,000 by expanding the development of stoves, new power plants and other supporting facilities
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luminum producer PT Indonesia Asahan Aluminium (Inalum), now a state-owned enterprise, will gradually increase production to 650,000 tons per year from the current 260,000 by expanding the development of stoves, new power plants and other supporting facilities.
'We are committed to realizing our corporate strategic plans within the next five to 10 years by, among others things, trying to boost production and diversifying products,' said Inalum president director S S Sijabat in Medan, North Sumatra, on Saturday as quoted by Antara news agency.
The Indonesian government formally took over as owner of Inalum, Southeast Asia's only aluminum smelter, and ended its 30-year management by a majority-Japanese consortium, through the signing of agreement between Indonesia and the Japanese investors at the Industry Ministry in Jakarta, on Dec. 9 last year.
The stock handover from the Japanese investors to the government took place at the State-Owned Enterprises Ministry, on Dec. 13, 2013.
Sijabat, who was appointed the company's president director following the takeover, acknowledged that the prices of Inalum's products had not yet improved and the situation was predicted to continue until the second quarter of 2014. (ebf)
