Subscribe to RSS
Bearings Units
Miniature Bearings
Standard Bearings
Overmolded Bearings
Custom Bearings
England Germany Russia India Turkey SouthAfrica UnitedStates Netherlands Philippines Belgium Australia Brazil Spain China Korean

Indonesia`s Krakatau Steel Aiming for Auto Industry

Indonesian state steelmaker Krakatau Steel on Wednesday signed a joint venture agreement with Japanese company Nippon Steel & Sumitomo Metal Corporation to build a steel plant that will supply the domestic automotive industry.

The joint venture will conduct operations under the name Krakatau Nippon Steel Sumikin, Krakatau Steel said in a statement.

krakatau steel

There was no mention of the investment’s size.

The plant will be located in the Krakatau Industrial Estate in Cilegon, Banten, which is owned by the Indonesian steel maker.

Krakatau will hold a 49 percent stake in the joint venture, while Nippon Steel & Sumitomo Metal will own 51 percent.

The two companies are seeking to tap growing demand for high-grade automotive flat steel products that are presently supplied largely by Japanese automakers that have grown their business in Indonesia.

Nippon Steel & Sumitomo Metal Corporation is the world’s second-biggest steel maker, with a production capacity of up to 50 million tons per year.

Amid low borrowing costs and rising per capita income, Indonesians are purchasing vehicles in record numbers.

Growing demand helped boost car sales by 26 percent year-on-year in the January to November period of this year, with sales totaling 1,026,758 units.

An executive at the Indonesia Automotive Industry Association (Gaikindo), Jongkie D. Sugiarto, said in mid-December that the industry was on track to book a record 1.1 million unit sales by year’s end.

Also on Wednesday, Krakatau Steel signed a separate agreement with another Japanese firm, Osaka Steel, to create a joint venture called Krakatau Osaka Steel. That enterprise will produce steel for the infrastructure and construction sectors.

Krakatau will own 49 percent of the joint venture and Osaka Steel will control 51 percent. The factory will also be located in Krakatau Industrial Estate Cilegon.

Irvan Kamal Hakim, Krakatau Steel’s president director, said the joint venture would help “improve and strengthen PTKS’s [Krakatau Steel] position in domestic market of long product, especially in terms of rebar and section products.

“In addition to that, the [joint venture] company will certainly improve market share of rebar and section of Krakatau Steel and provide future product diversification, particularly for high-end [high strength and automotive steel], which is projected to increase significantly.”

Irvan also cited the benefits the partnership would bring in terms of technology transfer and knowledge sharing.

Osaka Steel Corporation is a subsidiary of Nippon Steel & Sumitomo Metal Corporation that makes steel products including billet, rebar and section.


source: Jakarta Globe

0 commentsback to post

Add your comment



Other articlesgo to homepage

Century Cement,  Revolvo의 분할 롤러 베어링에 큰 만족감 보여

Century Cement, Revolvo의 분할 롤러 베어링에 큰 만족감 보여(0)

Century Cement는 최근 Row Mill 모터드라이브에 분할 롤러 베어링을 적용하여 성공적인 결과를 거두며 인도 라이푸르에 위치한 공장내, 분할 롤러 베어링의 적용범위를 넓혀가고 있다. 이 회사는 과거에 인덕션 모터에 적용했던 OE 화이트 메탈 베어링이 심지어 펌프 오일 순환 윤활시스템을 갖추었어도 수명이 너무 짧아, 유지보수비용을 절감할 솔루션을 찾지 못한다면 기꺼이 새로운 드라이브 시스템의 구매를 고려했었다. Revolve의 판매

향후 베어링 시장 4대 동향

향후 베어링 시장 4대 동향(0)

지난 몇 년 간 산업 전반의 시장 침체와 함께 글로벌 GDP 지수와 밀접한 관련이 있는 베어링 산업도 급격한 수요 감소를 경험하고 있다. 최근 약간의 회복세를 보이긴 하지만, 2008년 재정위기가 시작되면서, 베어링 매출액과 종류의 감소가 지속되고 있다. 하지만 베어링 산업은 지난 몇 년 간의 침체에서 곧 회복될 것으로 전망되고 있다. Global Industry Analysts, Inc. (GIA)는 2018년에

하드드라이브 디스크 검사용 베어링

하드드라이브 디스크 검사용 베어링(0)

The Barden Corporation UK는 박막 코팅 하드 드라이브 디스크의 완전성을 체크하는 엘립소미터(타원분광기) 검열 장비에 장착하기 위한 수퍼 프리시전 베어링 유닛을 동남아시아 지역에 공급해오고 있다. 저 토오크 및 정확한 실행을 특징으로 하는 이번 최신 맞춤 설계 식 베어링 유닛은 스테인레스 강철링과 볼을 통합시켜, 앵글러 컨택트 한, 박편, 겹줄 베어링으로 구성돼 있는 엘립소미터 장비 맞춤식 이다. 이번

Roller bearings for the High Roller

Roller bearings for the High Roller(0)

The American Bridge Company has contracted SKF to supply technological solutions for the Las Vegas High Roller, soon to be the world’s tallest Ferris wheel. SKF is providing Caesars Entertainment Corporation’s 170-metre-tall Ferris wheel with two custom-designed spherical roller bearings along with related technologies. The two spherical roller bearings weigh approximately 8.8 tonnes each, with

Schaeffler replaces main Trunnion Bearings on BOS Plant Vessels at Tata Steel Port Talbot

Schaeffler replaces main Trunnion Bearings on BOS Plant Vessels at Tata Steel Port Talbot(0)

Schaeffler UK was part of the team that successfully completed the replacement of the main trunnion bearings on a BOS (Basic Oxygen Steelmaking) plant at Tata Steel Port Talbot. By replacing the drive-side trunnion bearings with split rolling bearings, Schaeffler also helped to save the customer five extra days of work. If solid rather than

read more

Contacts and information

Social networks

Most popular categories

Legal Notice

© 2012 BEARING NEWS All rights reserved.