Thursday, March 17, 2011

PT Krakatau Steel is ready to supply the demand of steel to Japan

PT Krakatau Steel is ready to supply the demand of steel to Japan, the related infrastructure improvements that Sakura countries devastated by the earthquake and tsunami last week.
"We are certainly pleased if there is demand," said Director of Krakatau Steel, Fazwar Bujang, in Jakarta, Friday, March 17, 2011.
However, at present, according to Fazwar, the company has not received a request from the Japanese government. "I think they (Japan) is still doing an inventory stage," he said. He also said it has not been able to ensure the supply to be delivered.
Nevertheless, the company projected revenue increase can be booked by 15.7 percent compared to last year.
Fazwar said, this year, the company could sell the steel production target of 1.9 million tonnes. When compared to last year, sales volume rose 11.7 percent.
"This year, we are targeting revenues of U.S. $ 2.2 billion. Meanwhile, during 2010, revenues of about U.S. $ 1.9 Krakatau mylar (not audited)," he said.
The increase in sales, according Fazwar, will be supported by rising steel production. Additions were made to offset the production of steel demand is projected to rise this year.
This year, the company is optimistic to realize 30 percent of the proceeds from the disposal of shares to the public amounted to Rp2, 7 trillion.
The allocation of these funds, he explained, still focused on preparing the land for the construction of three projects namely construction of ports, power plants, steel mills and the results of a joint venture with Posco, Korea. 

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