China's steel company to relocate plant

Home >> Daily News >> Indonesia News >> Investment >> China's steel company to relocate plant

NEWS UPDATES

28 September 2010

Related Stories

August 26, 2010
Panasonic names Indonesia battery, LED hub

July 2, 2010
Indonesia real estate safe

China's state-owned steel company Guo Feng Iron Steel plans to relocate in the near future its production plant in Tang Shan, China, to Indonesia with a total investment of US$1 billion, according to an Indonesian government spokesman.

Industry Ministry Director General for Metal, Machinery, Textile and Miscellaneous Industries Ansari Bukhari said that the company came to the industry ministry to directly discuss with Minister M.S. Hidayat Indonesia's foreign investments, particularly in the steel industry.

"Basically, the minister fully supports the relocation plan. The minister will back up the company in obtaining business permits, looking for lands and ensuring energy supply for its production activities," he said.

The relocated plant will have a capacity of producing 3 million tons of steel per year using the blast furnace technology. The plant is estimated to consume more than 2 million tons of coal per year.

Reach Southeast Asia! 10- Nations, 560- Million Consumers And $1 -Trillion Market
We are the Voice of Southeast Asia	*Media Kit*
The only Media Dedicated to Southeast Asia	*Advertising Rates for Magazine*
	*Online Ad Rates*
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to your.views@aseanaffairs.com
Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited

or
submit your comment in the box below