BlueScope Steel launches new painting facility

BlueScope Steel launches new painting facility

The Jakarta Post, Jakarta

Private-owned flat steel manufacturer PT BlueScope Steel
Indonesia launched on Monday its new A$7.94 million (US$6.07
million) paint line, which will increase its capacity to 55,000
tons annually from 25,000 tons.

BlueScope Steel Indonesia president Rob Crawford said the
investment in the new flat steel paint line at the company's
operations in Cilegon, Banten, was aimed at giving better service
to customers.

The company also announced on the same day, the change of its
name to PT BlueScope Steel Indonesia from the previous PT BHP
Steel Indonesia, following approval from the Ministry of Justice
and Human Rights.

The choice of the new company name, Crawford said, was in
accordance with its aim to grow the business.

"Blue is associated with our heritage... with clear skies,
wide horizons and a bright future. Scope suggests an opportunity,
action, and an ability to grow and develop in new directions," he
said.

The company was previously a joint venture between Australia's
Bluescope Steel Ltd and state-owned steel maker PT Krakatau
Steel. But the former now owns a 100 percent stake in the
company, from 74 percent, after investing A$20 million last year.

PT BlueScope Steel Indonesia also has an affiliate called PT
BlueScope Lysaght Indonesia, which manufactures and supplies
metallic-coated and pre-painted cladding and roofing accessories.