Gunawan Steel to invest $100m in new production line
Wednesday, February 6 2013 - 02:29 AM WIB
By Romel S. Gurky
IDX-listed steel producer PT Gunawan Dianjaya Steel Tbk plans to invest US$100 million in a new production line which would have a designed capacity of 1 million tons of steel plate per year.
The company said in a statement that the new investment will bolster its production capacity to 1.4 million tons per year compared to the current annual capacity of 400,000 tons.
Editing by Reiner Simanjuntak