Banten Hits – PT Krakatau Steel, one of the largest steel producing plant in Indonesia, build a hot strip mill plant phase two to boost production capacity hot strip mill alias hot steel slabs.
Hot strip mill plant development stage was marked by two kick-off engineering which has been held in May 2016 and the ground breaking ceremony of hot strip mill-2 PT Krakatau Steel in Cilegon KIEC Region, Monday (08/22/2016).
President Director of PT Krakatau Steel Sukandar said, this development project is a concrete manifestation P. Krakatau Steel to encourage the growth of local and national investment. In addition it is expected to grow and develop the company in the future in order to increase production capacity, so as to maintain the market share of steel sheet.
“Investment projects HSM # 2 at an estimated total cost of 460 million US dollars, consisting of equity derived from the initial public offering (IPO) of the company, and supported by the banks,” said Sukandar.
According Sukandar, this project certainly reduce unemployment significantly and improve the investment industry at the national level, especially in the Steel City.
“HSM Plant # 2 will be built has a capacity of 1.5 million tonnes of hot rolled coils (HRC) per year, thus increasing the company’s current product capacity from 2.4 million to 3.9 million tons per year HRC, HRC Products Factory HSM # 2 has a width of 600-1650 mm with a thickness of 1.4 to 16 mm in the first stage, by targeting the automotive market segment, re-rolling, pipes and tubes as well as construction, “he explained.
At a later stage, said Sukandar, PT Krakatau Steel is beramaan will build facilities reheating furnace stages, finishing mills and down coiler to increase production capability HRC thinner until it reaches 1.2 mm and increasing the production capacity of up to 4 million tons per year.
Cilegon Mayor Tb Iman Aryadi who attended the event said, all players in the industry and the business world in Cilegon is required in order to open up opportunities to the local community as part of the employment priority in the enterprise environment.
“As is the case in the areas of investment objectives, of course, no hint of the expectations of the citizens to take part can join together to build industry, blending in with the business community. Not just a mere spectator,” he said. (Rus)
