{
    "success": true,
    "data": {
        "id": 2060325,
        "msgid": "kras-develops-nickel-downstreaming-project-with-capacity-of-1-2-million-tonnes-a-year-1793242281",
        "date": "2026-10-29 08:39:17",
        "title": "KRAS develops nickel downstreaming project with capacity of 1.2 million tonnes a year",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Business",
        "summary": "Krakatau Steel plans to invest US$350 million in a facility to process nickel into stainless steel slabs, with annual capacity of 1.2 million tonnes and projected annual revenue exceeding US$2 billion. The project forms part of the state-owned steelmaker\u2019s broader effort to build Indonesia\u2019s advanced materials ecosystem and strengthen domestic industrial supply chains.",
        "content": "<p>Jakarta (ANTARA) \u2013 PT Krakatau Steel (Persero) Tbk, or Krakatau Steel\nGroup (KRAS), is strengthening its role as an industrial platform for\ntechnology downstreaming through plans to develop advanced materials and\na nickel downstreaming project to produce stainless steel slabs, with\ncapacity of 1.2 million tonnes a year.<\/p>\n<p>Krakatau Steel\u2019s Director of Infrastructure and Operations, Sidik\nDarusulistyo, said the initiative was part of the company\u2019s efforts to\ncreate greater economic value and strengthen the competitiveness of the\nnational industry.<\/p>\n<p>Sidik said in a statement in Jakarta on Thursday that the project was\nexpected to require an investment of US$350 million, with projected\nannual revenue of more than US$2 billion.<\/p>\n<p>\u201cThe development of this facility is intended to increase the added\nvalue of processed nickel products by further processing them into\nstainless steel,\u201d he said during the Investor Showcase Session at the\nDanantara Technology Innovation Investment Forum (DTIIF) 2026 in\nJakarta.<\/p>\n<p>Krakatau Steel Corporate Secretary Rariya Budi Harta added that\ntechnology downstreaming required support from an industrial ecosystem\nso that innovation could be applied commercially and generate added\nvalue.<\/p>\n<p>\u201cThrough the development of advanced materials and technology\ndownstreaming, we are committed to supporting stronger supply chains,\ncreating investment opportunities and increasing the competitiveness of\nthe national industry,\u201d he said.<\/p>\n<p>The downstreaming project builds on Krakatau Steel\u2019s commitment to\ndeveloping a national advanced materials ecosystem. In July 2026, the\ncompany signed a memorandum of understanding on Collaboration on\nAdvanced Materials Development with MIND ID, Defend ID and PT Perusahaan\nMineral Nasional (Perminas) to strengthen the industry\u2019s value chain,\nfrom upstream sectors to high-value-added manufacturing.<\/p>\n<p>That same month, Krakatau Steel also signed a memorandum of\nunderstanding with the Steel Authority of India Limited (SAIL) on plans\nto develop stainless steel, during the Indian Prime Minister\u2019s visit to\nIndonesia.<\/p>\n<p>Through its participation in DTIIF 2026, the company continues to\npromote strategic collaboration to accelerate technology downstreaming\nand build an integrated, innovative national industry capable of\ncompeting globally, the company said.<\/p>\n<p>Earlier, Danantara Indonesia Chief Executive Rosan Roeslani stressed\nat the opening of DTIIF 2026 the importance of long-term partnerships,\nmobilising global capital and expertise, and turning collaboration into\nconcrete, sustainable initiatives.<\/p>\n<p>He said DTIIF had three main ambitions: first, to strengthen\npartnerships that support Indonesia\u2019s long-term economic and industrial\ntransformation; second, to mobilise global capital and expertise to\ndevelop strategic projects into measurable investment opportunities; and\nthird, to ensure that collaboration and dialogue lead to concrete,\nsustainable initiatives.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/kras-develops-nickel-downstreaming-project-with-capacity-of-1-2-million-tonnes-a-year-1793242281",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}