11
Aug
11:24
Indonesia's Spindo secures investment, targets 75% utilisation
Steel Pipe of Indonesia (Spindo) hopes that new orders will allow it to boost capacity utilisation to 70-75% in 2017, from around 63% in 2016. The firm has secured investment from Japanese mills in an attempt to diversify its supply, Kallanish notes.
The 588,000 tonnes/year pipe plant hopes to produce 412,000-441,000 tonnes of pipes this year, supported by new orders. Spindo says it recently signed an order to supply welded pipe piling for a docks project in Sor…
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