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Indonesia Says Krakatau Steel, S.Korea's POSCO Plan $3.5 Billion Investment

Kamis, 28 Juli 2022 | 11:07 WIB
Indonesia Says Krakatau Steel, S.Korea's POSCO Plan $3.5 Billion Investment

ILUSTRASI. Workers complete the hot rolling mill process at PT Krakatau Steel Tbk's steel mill, Cilegon, Banten. KONTAN/Fransiskus Simbolon/24/08/2010

Kontan + Kompas.id : Rp 95.000 Hemat hingga 55%

Sumber: Reuters | Editor: Thomas Hadiwinata

KONTAN.CO.ID - JAKARTA, July 28 (Reuters) - Indonesia's Krakatau Steel and South Korea's POSCO Holdings have signed an agreement to invest $3.5 billion starting next year to expand their production capacity in the Southeast Asian country, Indonesia's investment ministry and POSCO said on Thursday.

The expansion will also include the production of automotive steel for electric vehicles (EVs), the Indonesian ministry said in a statement.


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