TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Krakatau Nippon Steel Sumikin to operate in September

News Desk (The Jakarta Post)
Jakarta
Sat, June 10, 2017

Share This Article

Change Size

Krakatau Nippon Steel Sumikin to operate in September An employee finishes production of steel pipes at the Krakatau Steel plant in Cilegon, Banten, in this file photo. The Industry Ministry has said PT Krakatau Nippon Steel Sumikin (KNSS), a joint venture between Krakatau Steel and Nippon Steel & Sumitomo Metal Corporation (NSSMC), will start operating its galvanized steel plant in Cilegon, Banten, in September. (JP/-)

T

he Industry Ministry has said PT Krakatau Nippon Steel Sumikin (KNSS) will start operating its galvanized steel plant in Cilegon, Banten, in September.

The ministry’s director general for metal, machinery, transportation equipment and electronics industries, I Gusti Putu Suryawirawan, said on Friday that the plant would have an annual production capacity of around 500,000 tons. 

Putu spoke to journalists after accompanying Industry Minister Airlangga Hartarto in a meeting with managing director Yoichi Furuta of Nippon Steel & Sumitomo Metal Corporation (NSSMC) in Jakarta.

(Read also: Cilegon plant to supply steel for car makers in 2017)

KNSS, established in late 2012, is a joint venture between NSSMC and state-owned steel maker PT Krakatau Steel. KNSS says on its website that with the partnership, the two companies aim to manufacture and market cold-rolled steel and hot-dipped galvanized steel products for Indonesia’s automotive industry. 

Investment for the plant, which is expected to employ at least 300 people, is estimated at US$400 million.

Putu said Indonesia, which recorded sales of approximately 1 million cars a year, had until now imported galvanized steel sheets for car manufacturing owing to limitations in domestic supply. (dis/hwa)

{

Your Opinion Matters

Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.

Enter at least 30 characters
0 / 30

Thank You

Thank you for sharing your thoughts. We appreciate your feedback.