Lupa Kata Sandi? Klik di Sini

atau Masuk melalui

Belum Memiliki Akun Daftar di Sini


atau Daftar melalui

Sudah Memiliki Akun Masuk di Sini

Konfirmasi Email

Kami telah mengirimkan link aktivasi melalui email ke rudihamdani@gmail.com.

Klik link aktivasi dan dapatkan akses membaca 2 artikel gratis non Laput di koran dan Majalah Tempo

Jika Anda tidak menerima email,
Kirimkan Lagi Sekarang

Krakatau Steel Secures Rp3.4t in Loans to Build Hot Strip Mill

22 May 2015 11:56 WIB

Petugas melakukan proses penyambungan plat pada produk Cold Rolled Coil di PT. Krakatau Steel (persero), Cilegon, Banten, FOTO ANTARA/Rosa Panggabean

TEMPO.CO, Jakarta - Steel giant PT Krakatau Steel Tbk has signed a loan agreement from Dutch bank Commerzbank AG worth US$260 or around Rp3.4 trillion to build the Hot Strip Mill (HSM#2), which has been targeted for completion in September 2017.

Krakatau Steel president director Sukandar said the project was critical to his company. “This investment will help Krakatau Steel become the leader in the hot rolled steel plates in the national market,” he said on Thursday, May 21, 2015.

Sukandar said the global market steel was still non-conducive, yet the Indonesian market had been projected to remain open in light of increasing steel demand.

“What with the government’s paying more attention to the steel industry by imposing higher import duties on steel,” he said.

Commerzbank AG financial export director Ralph Lerch said Indonesia was a promising market amid the declining global steel industry, and that the bank would back Krakatau Steel in the latter’s future investment and expansion in the domestic level.

“This support is a form of Commerzbank's indirect contribution to the development of Indonesian infrastructure,” he said.

Krakatau Steel has secured prior consent from the Coordinating Ministry for the Economy for the agreement, which according to Sukandar signaled the government’s support to step up the development and growth of the domestic steel industry. 

SINGGIH SOARES



Indonesia's Steel Import Surpasses 14% in 2023

6 November 2023

Indonesia's Steel Import Surpasses 14% in 2023

Indonesia's steel demand and import saw a surge in 2023.


Krakatau Steel Raises Ownership in Krakatau Posco by 20%

29 November 2022

Krakatau Steel Raises Ownership in Krakatau Posco by 20%

Krakatau Posco is a joint venture between Krakatau Steel and Posco Holdings.


Indonesia Loses Rp3.35tn Yearly from Illegal Steel Imports: Krakatau Steel

29 Juli 2022

Indonesia Loses Rp3.35tn Yearly from Illegal Steel Imports: Krakatau Steel

Krakatau Steel director responds to issues about illegal steel imports brought up by Trade Minister Zulkifli Hasan.


Krakatau Steel, South Korea's POSCO Agree on $3.5bn Investment

28 Juli 2022

Krakatau Steel, South Korea's POSCO Agree on $3.5bn Investment

A memorandum of understanding on investment cooperation is set in place between Krakatau Steel and South Korea's POSCO Holding.


Krakatau Steel Logs Export Growth amid Russia-Ukraine War

17 Mei 2022

Krakatau Steel Logs Export Growth amid Russia-Ukraine War

State-owned steel maker Krakatau Steel recorded a growth in steel exports in the midst of the Russia-Ukrainian war.


Jokowi Confident Indonesia Able to Produce Electric Vehicles in 3 Years

14 Oktober 2021

Jokowi Confident Indonesia Able to Produce Electric Vehicles in 3 Years

President Jokowi is optimistic that the country will eventually be able to produce electric vehicles (EV) within the next two or three years.


Krakatau Steel, Posco South Korea to Realize Rp53tn Investment Next Year

21 September 2021

Krakatau Steel, Posco South Korea to Realize Rp53tn Investment Next Year

Krakatau Steel and Pohang Iron and Steel Company-or Posco-from South Korea will realize US$3.7 billion worth of new investments next year.


Krakatau Steel to Supply Oxygen for Banten, Jakarta in Covid-19 Fight

29 Juni 2021

Krakatau Steel to Supply Oxygen for Banten, Jakarta in Covid-19 Fight

Krakatau Steel will supply oxygen for the medical facilities in Banten and Jakarta, following a surge in Covid-19 cases.


Krakatau Steel Eyeing 20.77 Percent Export Growth in 2021

2 Februari 2021

Krakatau Steel Eyeing 20.77 Percent Export Growth in 2021

Krakatau Steel boss Silmy Karim said the company is targeting a 20.77 percent export volume growth in 2021 to 155 kilotons.


Lessons from Krakatau Steel

8 Februari 2020

Lessons from Krakatau Steel

Long saddled with huge liabilities, the state-owned steel producer has restructured its mountain of debt. This is a lesson for other SOEs.