10
Aug
10:07
Yamato to boost steel capacity in Indonesia
Yamato Kogyo Group says the company's board of directors has decided to expand its investment in the Southeast Asian market by acquiring a sections mill in Indonesia.
The target company is PT Nusantara Baja Profil, which is 99% owned by PT Gunung Raja Paksi Tbk. PT Nusantara Baja Profil was established in August 2022 and currently has a steelmaking capacity of 1 million tonnes/year and a rolling capacity of 900,000 t/y, Kallanish notes.
Yamato Kogyo Group aim…
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