Steel giant PT Krakatau Steel (KRAS) plans to build a new hot rolled coil manufacturing facility in the Cilegon industrial estate, Banten, worth US$390 million.
This factory will have a capacity of 1.5 million tons of hot rolled coil per year and is expected to be operational in two years.
Currently, KRAS has a total production capacity of 2.4 million tons of hot rolled coil per year. With this expansion, Krakatau Steel will have a capacity of 3.9 million tons. The factory will be completed by 2017.
|Company Name||Krakatau Steel|
|Location||Cilegon Industrial Estate, Banten|
|Type||New Hot Rolled Coil Factory|
|Estimated Cost||$390 million|