This article follows to expansion of Australian steel fabrication giant BlueScope. The company will invest a huge $AU122 million into its Indonesian market. Majority of funds will be spent on an additional metallic coating line.
Article follows:
Australia's biggest steelmaker, BlueScope Steel Ltd, will reinvigorate expansion in Indonesia with a $US101 million ($A122 million) investment to complete construction of a second metallic coating line at its Cilegon operation.
Located 100km west of the Indonesian capital, Jakarta, the new line will be dedicated to producing BlueScope's thin-gauge coil, used primarily in residential construction.
"This market continues to experience strong growth in both the residential and commercial building sectors," BlueScope president Indonesia and Malaysia Rob Crawford said.
"BlueScope Steel Indonesia is operating at full capacity, so the new, dedicated line will lead to improved efficiency, increased scale and an ability to support our customers' market growth."
"Overall, the new line will provide greater manufacturing efficiencies and economies of scale in the growing Indonesian market," BlueScope said in a statement.
The new line is expected to be operational by end the end of calendar 2009, after the original construction was postponed last year to focus on projects already under development in Asia.
"With their completion, and the strong market demand for light-gauge coil, BlueScope Steel has now approved the recommencement of the Indonesian expansion project," the steelmaker said.
The new line will add 130,000 tonnes to the metal-coating line, taking the total capacity to 265,000 tonnes.
In 2007, sales of BlueScope's products in Indonesia were half residential and half non-residential compared with 30 per cent and 70 per cent, respectively, five years ago.
The new funding of $US101 million ($A122 million) will be added to the $US12 million ($A15 million) already spent at the initial construction stage, with $US60 million ($A73 million) in the 2007/08 year, $US36 million ($A44 million) in 2008/09 and $US5 million ($A6 million) in 2009/10.
"We are delighted to recommence this investment given the continued strength of the Indonesian market and the high regard for BlueScope Steel product," said BlueScope chief executive Kirby Adams, who will retire in October.
"Indonesia, the world's fourth most populous country, is a key market in our growing Asian business," he said.
"This project represents a strong endorsement from our board of BlueScope Steel's Asian growth strategy."
Article follows:
Australia's biggest steelmaker, BlueScope Steel Ltd, will reinvigorate expansion in Indonesia with a $US101 million ($A122 million) investment to complete construction of a second metallic coating line at its Cilegon operation.
Located 100km west of the Indonesian capital, Jakarta, the new line will be dedicated to producing BlueScope's thin-gauge coil, used primarily in residential construction.
"This market continues to experience strong growth in both the residential and commercial building sectors," BlueScope president Indonesia and Malaysia Rob Crawford said.
"BlueScope Steel Indonesia is operating at full capacity, so the new, dedicated line will lead to improved efficiency, increased scale and an ability to support our customers' market growth."
"Overall, the new line will provide greater manufacturing efficiencies and economies of scale in the growing Indonesian market," BlueScope said in a statement.
The new line is expected to be operational by end the end of calendar 2009, after the original construction was postponed last year to focus on projects already under development in Asia.
"With their completion, and the strong market demand for light-gauge coil, BlueScope Steel has now approved the recommencement of the Indonesian expansion project," the steelmaker said.
The new line will add 130,000 tonnes to the metal-coating line, taking the total capacity to 265,000 tonnes.
In 2007, sales of BlueScope's products in Indonesia were half residential and half non-residential compared with 30 per cent and 70 per cent, respectively, five years ago.
The new funding of $US101 million ($A122 million) will be added to the $US12 million ($A15 million) already spent at the initial construction stage, with $US60 million ($A73 million) in the 2007/08 year, $US36 million ($A44 million) in 2008/09 and $US5 million ($A6 million) in 2009/10.
"We are delighted to recommence this investment given the continued strength of the Indonesian market and the high regard for BlueScope Steel product," said BlueScope chief executive Kirby Adams, who will retire in October.
"Indonesia, the world's fourth most populous country, is a key market in our growing Asian business," he said.
"This project represents a strong endorsement from our board of BlueScope Steel's Asian growth strategy."
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