Tue, 01 Jul 2008
India's Essar Group on Wednesday said its PT Essar steel plant in Indonesia has commissioned a $15 million advanced service center at the firm's cold rolling complex near Jakarta, Asia Pulse reported.

The new center, which will have an annual capacity of 300,000 tons, will process hot rolled, pickled, cold rolled and coated steel products, a statement from Essar said.

"This is the only facility in Indonesia to offer pickled, cold rolled, galvanized and service center facility under one roof," Essar said.

Its customers would include manufacturers of automotive equipment, components, white goods, enamel and cookware, precision tubes, electrical stamping, furniture, construction and electrical appliances and panels.

Essar's Indonesia steel plant operates a cold rolling complex with cold rolling capacity of 400,000 tons per annum and galvanizing capacity of 150,000 tons per annum.

Meanwhile the income of steel maker PT Jaya Pari Steel shot up 144% to Rp467 billion ($50.4 million) in the first five months of this year from the same period last year, Asia Pulse reported.

The company has set this year's sales target at Rp700 billion or an increase of 61.6% from last year, its president Gwie Gunadi Gunawan said.

Gunawan said the sales in the first five months of this year already reached the total amount of sales in the whole of 2007, the newspaper Investor Daily reported.

He attributed the increase in the sales value to a 29% increase in the selling prices of its steel products.



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