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Thursday, October 14, 2010

Chinese company to build steel plant in S. Kalimantan

Antara News, Thursday, October 14, 2010 17:26 WIB

Kotabaru, South Kalimantan (ANTARA News) - Wuhan Iron and Steel Corporation (Wisco Group), China`s third biggest steel maker, plans to build a steel plant in Kotabaru district, South Kalimantan, in cooperation with PT Sebuku Iron Lateritic Ores (SILO).

The Chinese company would soon send its assistant president director to discuss the plan with Kotabaru district head H Irhami Ridjani, PT Sebuku Iron Lateritic Ores human resources development and general affairs manager IDK Dharmaja said here on Thursday.

Dharmaja said Wuhan Iron and Steel Corporation currently produced 30 million metric tons of steel per year.

"We do not know yet whether they will build a steel plant in Kotabaru with an annual production capacity of 30 million metric tons or below," he said.

He said SILO Group had so far run a number of iron ore industries in Indonesia and the Philippines to meet demand for raw materials to produce steel.

"To meet demand for raw materials we have iron ore industries in Manila and Indonesia. When the planned construction of steel plant in Kotabaru is completed all of our iron ore production will be used to meet its demand for raw materials to produce steel," he said.

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