BATAM (Yosefardi) – PT Resteel Industry Indonesia has commenced the construction of steel plant in Kabil industrial area, Batam, Riau island, Investor Daily reported this morning.
The plant will produce supper low carbon nickel titanium special steel. The plant, with capacity production of 100,000 tons, will cost US$500 million.
Resteel is a joint venture company of Shanxi Haixin Iron and Steel Group and Trinusa Group. Resteel also plans to build steel plant with capacity of 80,000 tons in Tuju Una-Una, Central Sulawesi.