China to build steel plants in Indonesia

21/07/2008 -- 11:39 AM

Hanoi (VNA) - China will build two steel factories with a combined capacity of 3 million tonnes per annum in Indonesia, an Indonesian Investment Coordinating Board (BKPM) official has said. The China Steel Resources Holding Company will build steel plants in two stages within a span of five years, Achmad Kurniadi was quoted by Xinhua news agency as saying on the sidelines of an international convention of Chinese businessmen, running from July 18-19. The first plant with a capacity of 1.5 million tonnes will be built in Banjarmasin, South Kalimantan, he said, hoping that Chinese investors will invest in such other fields as manufacturing and transportation.-Enditem
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