by Yohanes Obor | Jun 18, 2014 | Industries, News, Steel
JAKARTA (Yosefardi) – State steel producer PT Krakatau Steel Tbk (KRAS) will accelerate its expansion on production capacity as global demand on steel products are growing. The steel price is estimated to be stagnant, or equal to last year, but the steel industry now...
by Yohanes Obor | Jun 2, 2014 | Industries, News, Steel
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,...
by Yohanes Obor | May 14, 2014 | Industries, News, Steel
JAKARTA (Yosefardi) – State steel producer PT Krakatau Steel Tbk (KRAS) suffered loss of US$49.67 million in first quarter of this year, compared to profit US$8.3 million in the same period of last year. Net revenues declined 25% to US$459.49 million from previous...
by Yohanes Obor | Mar 4, 2014 | Industries, News, Steel
JAKARTA (Yosefardi) – State steel producer PT Krakatau Steel Tbk (KRAS) cuts its capital expenditure (capex) to US$500 million from initial plan of US$800 million, mainly used to fund blast furnance complex in Cilegon (Banten). It spent US$499 million for capex...
by Yohanes Obor | Feb 28, 2014 | Industries, News, Steel
JAKARTA (Yosefardi) – Concrete producer PT Wika Beton, subsidiary of state construction firm PT Wijaya Karya Tbk (WIKA), plans to build concrete plant in Mynmar in May this year which costs Rp300 billion. The construction of plant in Myanmar will take one year and...
by Yohanes Obor | Feb 18, 2014 | Industries, News, Steel
JAKARTA (Yosefardi) – Trade Ministry mulls to rule on boron steel import as an effort to protect local steel producers, Investor Daily reported this morning. Boron steel is used for infrastructure projects and currently the government imposes no import tax for...
