ID :
137692
Sun, 08/15/2010 - 07:54
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https://oananews.org//node/137692
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KRAKATAU STEEL PLANT IN S KALIMANTAN TO OPERATE JULY 2011
Jakarta, Aug 14 (ANTARA) - State-owned steel company PT Krakatau Steel expects its plant in South Kalimantan to start operating effectively in July 2011.
"The development of the plant has now reached 50 percent. We are expecting it to be operating June-July 2011," the company's vice president corporate secretary, Wawan Hernawan, said here on Saturday.
He said the plant's initial production of iron sponge is expected to reach 230,000 tons a year.
The plant has been designed to use more iron ore and coal from the country to reduce dependency on imports of raw materials, he said.
The plant in South Kalimantan completes plant development in Cilegon, West Java, done in cooperation with Posco from South Korea.
The plant in Cilegon is built at a cost of US$6 billion in two stages each with a production capacity of three million tons.
Wawan said if the operation of the plants in South Kalimantan and Cilegon would reduce dependency on iron imports.
He said national demand of iron and steel reaches nine million tons a year while production only reaches five million tons and so four million tons more have to be imported.
The additional three million tons from the two plants would certainly reduce the country's dependence on imports significantly.
Wawan said the new plant uses blast furnace technology claimed to be low cost.
He said the new plant would produce steel plates with a width of more than two meters used in automotive or ship building industries in the country.
"The development of the plant has now reached 50 percent. We are expecting it to be operating June-July 2011," the company's vice president corporate secretary, Wawan Hernawan, said here on Saturday.
He said the plant's initial production of iron sponge is expected to reach 230,000 tons a year.
The plant has been designed to use more iron ore and coal from the country to reduce dependency on imports of raw materials, he said.
The plant in South Kalimantan completes plant development in Cilegon, West Java, done in cooperation with Posco from South Korea.
The plant in Cilegon is built at a cost of US$6 billion in two stages each with a production capacity of three million tons.
Wawan said if the operation of the plants in South Kalimantan and Cilegon would reduce dependency on iron imports.
He said national demand of iron and steel reaches nine million tons a year while production only reaches five million tons and so four million tons more have to be imported.
The additional three million tons from the two plants would certainly reduce the country's dependence on imports significantly.
Wawan said the new plant uses blast furnace technology claimed to be low cost.
He said the new plant would produce steel plates with a width of more than two meters used in automotive or ship building industries in the country.
