28
Sep
11:09
Indonesian plate firms merge
Indonesian plate rerollers Gunawan Dianjaya Steel and Jaya Pari Steel announced last week they have officially merged into a new company, GDS. The transfer of shares between shareholders of the two companies was completed on Friday, Kallanish notes.
Both companies produce plate from slab but while Gunawan Dianjaya was focused on larger sizes Jaya Pari focused on smaller sizes. Gunawan Dianjaya had 450,000 tonnes/year of re-rolling capacity, while Jaya Pari had 6…
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