{
    "success": true,
    "data": {
        "id": 1519468,
        "msgid": "posnesia-builds-steel-factory-1447893297",
        "date": "1997-12-03 00:00:00",
        "title": "Posnesia builds steel factory",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "Posnesia builds steel factory JP\/msa JAKARTA (JP): PT Posnesia Steel Industry, a joint venture company between PT Metro Dwi Widjaja (MDW) and South Korea's POSCO, started yesterday the construction if its stainless steel plant in Cikarang, West Java. The plant will be built on a 13.5 hectare plot, with an investment of US$122.6 billion.",
        "content": "<p>Posnesia builds steel factory<\/p>\n<p>JP\/msa<\/p>\n<p>JAKARTA (JP): PT Posnesia Steel Industry, a joint venture<br>\ncompany between PT Metro Dwi Widjaja (MDW) and South Korea's<br>\nPOSCO, started yesterday the construction if its stainless steel<br>\nplant in Cikarang, West Java.<\/p>\n<p>The plant will be built on a 13.5 hectare plot, with an<br>\ninvestment of US$122.6 billion.<\/p>\n<p>The director general of domestic trade Ichaidi Elyas (second<br>\nright) officially began the construction at a groundbreaking<br>\nceremony also attended by MDW's commissioner Sudwikatmono (left),<br>\nPOSCO's president Kim Chong-Chin (second left), and a<br>\nrepresentative of the South Korean Embassy, Hanjojng Yo (right).<\/p>\n<p>The factory will have a production capacity of 75,000 metric<br>\ntons per year during its first phase and 130,000 metric tons per<br>\nyear after completion.<\/p>\n<p>The company plans to sell around 80 percent of its products on<br>\nthe local market and the remaining 20 percent to Southeast Asian<br>\ncountries and Australia.<\/p>\n<p>The export level is planned to reach 50 percent by 2000. (gis)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/posnesia-builds-steel-factory-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}