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September 07, 2008


TsingShan Holding plans to build stainless plant in Indonesia

It is reported that TsingShan Holding plans to build a stainless steel plant in Indonesia and the first stage capacity of this project will be 300,000 tonnes per year planning to be put into production by the year of 2011.

TsingShan Holding Group is a private-owned enterprise with the stainless steel capacity of 1.10 million tonnes, and locates in Zhejiang province. The total investment of this stainless steel plant was USD 350 million locates in Qbi island of South Halmahera Regency. It is a comprehensive project focusing on mines, power plants, nickel factory and stainless steel smelting as well as steel rolling etc.

An official of TsingShan Holding Group said that this was the first stainless steel project in Indonesia and was very popular with local government. After its completion, the plant will produce 300 and 200 series stainless steel billets.