Bluescope Steel to lift investment in Indonesia by US$113 mln
Jakarta (ANTARA News/Asia Pulse) - Australian steel maker Bluescope Steel Limited (ASX:BSL) said it will increase investment by US$113 million to increase the capacity of its factory in Cilegon, Banten, Indonesia.
Bluescope will triple the production capacity of its factory to 300,000 tons of aluminum coated steel a year, Paul O'Malley, chief executive officer of Bluescope Steel Ltd, said.
Malley said with the new investment, Bluescope makes Indonesia its largest production base in the world after Australia and the United States.
Bluescope will triple the production capacity of its factory to 300,000 tons of aluminum coated steel a year, Paul O'Malley, chief executive officer of Bluescope Steel Ltd, said.
Malley said with the new investment, Bluescope makes Indonesia its largest production base in the world after Australia and the United States.