PT Krakatau  Osaka Stell To Build Plant 

at The Krakatau Industrial Estate in Cilegon-Banten

 

On 19 May 2015, PT Krakatau Osaka Steel, the joint venture between Osaka Steel (the subsidiary of Nippon Steel & Sumitomo) and PT Krakatau Steel (Persero), Tbk., has conducted a groundbreaking ceremony for construction of a new plant which will produce a total of 500,000 tons per year of plain/deformed bar, small section, and flat bar with total investment worth USD 220 million.  Osaka Steel will cover about 16 billion yen (USD 150 million) or 80% of the total investment.  The new plant is targeted to commence its production in 2016 and will be the first overseas production site for Osaka Steel.

 

LUBIS, SANTOSA & MARAMIS Law Firm has supported PT Krakatau Osaka Steel  in this project.”