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Krakatau-Steel

National 6 years ago

KPK searches offices of Krakatau Steel directors

Corruption Eradication Commission (KPK) investigators have confiscated several documents related to ongoing projects and future projects of Krakatau Steel, the KPK spokesman has said.

Business 6 years ago

PREMIUM
Krakatau Steel to focus on Cilegon steel cluster development

Despite huge challenges due to global oversupply, stated-owned steel producer Krakatau Steel and joint venture firm Krakatau Posco aim to continue increasing steel production by completing the Cilegon steel cluster to fulfill domestic demand.

National 6 years ago

Bribery scandal rocks ailing state-owned steelmaker Krakatau Steel

A company director and a manager were arrested while allegedly conducting illicit transactions.

Business 7 years ago

Steel import uncontrollable, local producer says

Steel producer PT Krakatau Steel has said local steel producers were seriously affected by an uncontrollable inflow of steel from other countries, particularly after the government issued a new regulation on steel imports.

Business 7 years ago

Krakatau Steel worried about import fallout from new US policy

Steel manufacturer PT Krakatau Steel has expressed its concerns over the United States' new steel and aluminum import policy, saying that the Indonesian market may be flooded by an influx of steel products from other countries.

Business 8 years ago

Diversified miner Antam to cut losses and quit steel firm

State-owned diversified miner PT Aneka Tambang (Antam) is set to quit the joint venture steel processing firm Meratus Jaya Iron & Steel, claiming the company had no future after it suffered consistent losses since its establishment with state-owned steel manufacturer PT Krakatau Steel.

Business 8 years ago

Krakatau Steel targets 40 percent sales growth in 2018

State-owned steel producer PT Krakatau Steel is eyeing 40 percent sales growth in 2018 as its predicts increases in domestic demand and the price of steel products.

Business 8 years ago

SOEs projected to lose Rp 4 trillion in 2017

Thirteen out of the 115 state-owned enterprises (SOEs) are projected to suffer financial losses to the tune of Rp 4 trillion (US$295 million) this year, with national carrier PT Garuda Indonesia and steel giant PT Krakatau Steel accounting for at least half of the sum.

Business 8 years ago

Krakatau Steel, Japanese spare part maker agree to increase local content

Japanese automotive spare parts producer Sango Corporation has agreed to use products of state-owned steelmaker Krakatau Steel as part of Sango’s efforts to increase local content.