Stainless steel plant set up

JAKARTA (JP): Sudwikatmono, the owner of a widely diversified business conglomerate, plans to set up the country's first stainless steel plant with a production capacity of 60,000 tons per annum.

A spokesperson for PT Perkasa Stainless Steel Industry, said on Saturday that the planned plant, which will be built on a 15- hectare plot of land in Bekasi, West Java, is expected to start operating in 1997.

He said Sudwikatmono is still negotiating with a foreign firm to provide technology for the plant but did not elaborate on the investment details of the project.

Stainless steel is used, for household items, water pipes, medical equipment, water and chemical tanks and agricultural equipment. (fph)