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Krakatau-Steel

Business 8 years ago

Krakatau Steel initiates first step of blast furnace plant

State-owned steel maker Krakatau Steel has initiated the first pushing of a coke oven plant (COP) at its Blast Furnace facility, marking the first step in the operations of the company’s US$500 million facility in Cilegon, Banten.

Business 8 years ago

Krakatau Steel aims to reach break-even point in 2017

State-owned steel maker PT Krakatau Steel aims to reach break-even point this year, following State-Owned Enterprises (SOE) Minister Rini Soemarno's instruction for all SOE's to avoid ending the year in the red.

Business 8 years ago

Krakatau Nippon Steel Sumikin to operate in September

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

Business 8 years ago

Krakatau Steel eyes $10 million net profit

State-owned and publicly listed Krakatau Steel (KRAS) aims to book US$10 million in net profit this year after losing $171.69 million amid low steel prices last year.

Business 8 years ago

Krakatau Steel’s bottom line improves despite low steel price

Amid a continuing weak steel price, Indonesia's biggest steel maker Krakatau Steel (KS) booked an improvement in its bottom line throughout 2016 as its losses decline.

Business 9 years ago

Krakatau Steel to launch blast furnace facility by March

After being delayed for months due to financial difficulties resulting from falling steel prices, state-owned steel maker Krakatau Steel projects its first blast furnace to begin production by March this year.

Business 9 years ago

Krakatau, Siemens team up for electrical device maintenance facility

Krakatau Daya Listrik, has officially signed a strategic partnership agreement on transformer maintenance in Indonesia with the local arm of German technology company Siemens Indonesia.

Business 9 years ago

Indonesian steel producers see bigger margins, higher stocks price

After facing a sluggish market last year, three steel companies listed on the Indonesia Stock Exchange (IDX) enjoyed better financial performances in the first half of 2016, leading to stock price increases of more than 100 percent year-to-date.

Business 9 years ago

Indonesia's biggest steel expo eyes US$3.2 billion in transactions

The country’s first steel exhibition kicked off on Wednesday in Jakarta aiming for Rp 42 trillion (US$3.2 billion) in deals between more than 50 steelmakers, an executive committee member said.

Business 9 years ago

Krakatau Steel aims US$135 million from rights issue

State-owned steel maker Krakatau Steel is aiming for Rp 1.8 trillion (US$135.77 million) in proceeds through a mandatory rights issue that will pave the way for government capital injections to the company worth Rp 1.5 trillion.

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Krakatau-Steel

Krakatau Steel initiates first step of blast furnace plant

Krakatau Steel aims to reach break-even point in 2017

Krakatau Nippon Steel Sumikin to operate in September

Krakatau Steel eyes $10 million net profit

Krakatau Steel’s bottom line improves despite low steel price

Krakatau Steel to launch blast furnace facility by March

Krakatau, Siemens team up for electrical device maintenance facility

Indonesian steel producers see bigger margins, higher stocks price

Indonesia's biggest steel expo eyes US$3.2 billion in transactions

Krakatau Steel aims US$135 million from rights issue

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