Fri, 06 Nov 2009
Jakarta (ANTARA News/Asia Pulse) - Indonesian state-owed company PT Krakatau Steel will sign a joint venture agreement with South Korea's steel giant Pohang Iron and Steel to build a US$5 billion steel plant in the country.

Krakatau President Fazwar Bujang said the country's largest steel maker would take up to 45 per cent stake in the venture.

The US$5 billion plant will be built in its vast Cilegon Industrial Complex, Banten, Bujang said, adding it should boost Krakatau's production capacity to 3.5 million tons a year from 2.5 million tons at present.

The deal is expected to be finalized by the end of the month, he was quoted as saying by the newspaper Jakarta Globe.



News Search/Filter
Transaction Rates
18 Jul 18
Buy
Sell
BTC1
104,422,268
104,422,268
Taxation Exchange Rates
31 Aug 16 - 06 Sep 16
USD 1
13,232.00
AUD 1
10,043.30
CAD 1
10,213.70
DKK 1
1,999.40
HKD 1
1,706.22
MYR 1
3,283.28
NZD 1
9,623.63
NOK 1
1,605.23
GBP 1
17,433.70
SGD 1
9,757.68
SEK 1
1,569.45
CHF 1
13,631.10
JPY 100
13,101.00
MMK 1
11.01
INR 1
197.29
KWD 1
43,920.70
PKR 1
126.23
PHP 1
285.00
SAR 1
3,528.53
LKR 1
91.12
THB 1
382.08
BND 1
9,756.53
EUR 1
14,885.50
CNY 1
1,987.61

Okusi Associates: Indonesian Business & Management Services