Fri, 29 Jul 2011
Cilegon (ANTARA News) - State-owned steel manufacturer PT Krakatau Steel (KS) has again invested trillions of rupiah after establishing a joint venture with a Korean steel plant, Posco.

"Besides developing and revitalizing the Krakatau-Posco enterprise, we are also building a 1.2 million TPY blast furnace with an investment of Rp5.92 trillion," President Director of PT KS Fazwar Bujang said Tuesday.

The undertaking, Fazwar said, was for production revitalization and facilitation as well as business expansion this year. "We are expanding the business to see that PT KS remains competitive in the current increasing market conditions," he added.

He added that some PT KS projects and its subsidiaries being developed and revitalized, namely the PT KS-POSCO joint venture which is currently preparing 388 hectares of land for the steel plant worth Rp600 billion.

"In addition, we are also revitalizing the DR Plant to modify gas reformers worth Rp650 billion," he said.

Other projects include SSP-1 to boost productivity and production quality at a cost of Rp850 billion, HSM to boost productivity and production quality at a cost of Rp750 billion.

PT KS, Fazwar said further, established cooperation with state mining company PT Aneka Tambang to process local raw materials into sponge iron as alternative raw material for PT KS.

"The project is estimated at Rp1.38 trillion. And other projects included HSM 3,5 million TPY to boost production of HRC into 3.5 million of TPY at a cost of Rp1.30 trillion," he added.(*)



News Search/Filter
Transaction Rates
21 Nov 18
Buy
Sell
AED1
3,976.91
3,976.91
AFN1
192.33
192.33
ALL1
133.52
133.52
AMD1
30.10
30.10
ANG1
8,228.60
8,228.60
AOA1
47.07
47.07
ARS1
403.72
403.72
AUD1
10,542.54
10,542.54
AWG1
8,113.23
8,113.23
AZN1
8,580.28
8,580.28
BAM1
8,537.50
8,537.50
BBD1
7,303.96
7,303.96
BDT1
175.56
175.56
BGN1
8,493.02
8,493.02
BHD1
38,748.74
38,748.74
BIF1
8.04
8.04
BMD1
14,607.93
14,607.93
BND1
10,503.69
10,503.69
BOB1
2,129.32
2,129.32
BRL1
3,887.80
3,887.80
BSD1
14,607.93
14,607.93
BTC1
63,433,887
63,433,887
BTN1
204.39
204.39
BWP1
1,378.10
1,378.10
BYN1
6,951.01
6,951.01
BZD1
7,246.11
7,246.11
CAD1
10,977.47
10,977.47
CDF1
9.07
9.07
CHF1
14,684.59
14,684.59
CLF1
624,804.53
624,804.53
CLP1
21.74
21.74
CNH1
2,103.62
2,103.62
CNY1
2,103.25
2,103.25
COP1
4.57
4.57
CRC1
24.22
24.22
CUC1
14,607.93
14,607.93
CUP1
567.29
567.29
CVE1
151.19
151.19
CZK1
638.23
638.23
DJF1
82.06
82.06
DKK1
2,226.09
2,226.09
DOP1
292.83
292.83
DZD1
123.30
123.30
EGP1
815.67
815.67
ERN1
973.99
973.99
ETB1
520.78
520.78
EUR1
16,613.60
16,613.60
FJD1
6,903.53
6,903.53
FKP1
18,679.97
18,679.97
GBP1
18,679.97
18,679.97
GEL1
5,499.37
5,499.37
GGP1
18,679.97
18,679.97
GHS1
3,027.48
3,027.48
GIP1
18,679.97
18,679.97
GMD1
295.02
295.02
GNF1
1.59
1.59
GTQ1
1,893.22
1,893.22
GYD1
69.88
69.88
HKD1
1,865.28
1,865.28
HNL1
599.91
599.91
HRK1
2,236.34
2,236.34
HTG1
201.91
201.91
HUF1
51.66
51.66
IDR1
1.00
1.00
ILS1
3,916.23
3,916.23
IMP1
18,679.97
18,679.97
INR1
204.52
204.52
IQD1
12.26
12.26
IRR1
0.34
0.34
ISK1
117.80
117.80
JEP1
18,679.97
18,679.97
JMD1
116.85
116.85
JOD1
20,588.96
20,588.96
JPY1
129.60
129.60
KES1
142.10
142.10
KGS1
212.62
212.62
KHR1
3.61
3.61
KMF1
33.79
33.79
KPW1
16.23
16.23
KRW1
12.92
12.92
KWD1
48,052.71
48,052.71
KYD1
17,526.24
17,526.24
KZT1
39.86
39.86
LAK1
1.70
1.70
LBP1
9.64
9.64
LKR1
82.40
82.40
LRD1
92.48
92.48
LSL1
1,034.55
1,034.55
LYD1
10,434.23
10,434.23
MAD1
1,537.78
1,537.78
MDL1
850.68
850.68
MGA1
4.03
4.03
MKD1
270.56
270.56
MMK1
9.14
9.14
MNT1
5.85
5.85
MOP1
1,810.39
1,810.39
MRO1
40.91
40.91
MRU1
398.57
398.57
MUR1
423.44
423.44
MVR1
945.49
945.49
MWK1
20.08
20.08
MXN1
716.40
716.40
MYR1
3,485.52
3,485.52
MZN1
241.84
241.84
NAD1
1,041.19
1,041.19
NGN1
40.13
40.13
NIO1
452.95
452.95
NOK1
1,701.87
1,701.87
NPR1
127.75
127.75
NZD1
9,918.71
9,918.71
OMR1
37,943.36
37,943.36
PAB1
14,607.93
14,607.93
PEN1
4,318.68
4,318.68
PGK1
4,345.65
4,345.65
PHP1
278.44
278.44
PKR1
108.68
108.68
PLN1
3,853.55
3,853.55
PYG1
2.47
2.47
QAR1
4,011.77
4,011.77
RON1
3,559.43
3,559.43
RSD1
140.29
140.29
RUB1
221.01
221.01
RWF1
16.53
16.53
SAR1
3,893.42
3,893.42
SBD1
1,851.65
1,851.65
SCR1
1,068.60
1,068.60
SDG1
305.97
305.97
SEK1
1,605.93
1,605.93
SGD1
10,623.96
10,623.96
SHP1
18,679.97
18,679.97
SLL1
1.74
1.74
SOS1
25.20
25.20
SRD1
1,958.69
1,958.69
SSP1
112.14
112.14
STD1
0.69
0.69
STN1
675.35
675.35
SVC1
1,669.25
1,669.25
SYP1
28.36
28.36
SZL1
1,041.19
1,041.19
THB1
442.79
442.79
TJS1
1,549.68
1,549.68
TMT1
4,161.82
4,161.82
TND1
5,025.41
5,025.41
TOP1
6,376.57
6,376.57
TRY1
2,712.63
2,712.63
TTD1
2,182.78
2,182.78
TWD1
471.89
471.89
TZS1
6.35
6.35
UAH1
529.88
529.88
UGX1
3.92
3.92
USD1
14,607.93
14,607.93
UYU1
449.52
449.52
UZS1
1.76
1.76
VEF1
0.05
0.05
VND1
0.62
0.62
VUV1
132.01
132.01
WST1
5,607.93
5,607.93
XAF1
25.32
25.32
XAG1
209,242.13
209,242.13
XAU1
17,847,196.09
17,847,196.09
XCD1
5,405.03
5,405.03
XDR1
20,329.42
20,329.42
XOF1
25.32
25.32
XPD1
16,725,360.65
16,725,360.65
XPF1
139.22
139.22
XPT1
12,286,102.37
12,286,102.37
YER1
58.34
58.34
ZAR1
1,035.56
1,035.56
ZMW1
1,229.93
1,229.93
ZWL1
45.31
45.31
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