Indonesia's Krakatau Steel Group plans to provide over 500 hectares of land in the Krakatau Industrial Zone in Cilegon, Banten Province, to attract large-scale investment from China's Delong Steel Group (the world's 11th largest and China's 7th largest steel producer) and its Indonesian subsidiary PT Dexin Steel Indonesia. Delong aims to build a new steel plant in Indonesia through this collaboration, advancing its global layout. In May, a Krakatau Steel delegation visited Delong Group, signed a raw material procurement memorandum, and inspected its factory facilities, reaching a preliminary strategic cooperation intention. On June 3, Delong and PT Dexin Steel Indonesia paid a return visit to Krakatau Steel, conducting on-site inspections of the new plant site in the Cilegon Industrial Zone and visiting existing supporting facilities such as ports and steel plants. On June 5, the two parties held a business meeting in Jakarta, focusing on discussing the plan to build an integrated steel plant with an annual capacity of 3 million tons, further refining cooperation details. Both parties hope to optimize the asset utilization efficiency of Krakatau Steel through land resource integration and technical cooperation, while introducing Delong Steel's advanced technology and management experience; simultaneously promote the revival of Indonesia's national steel industry, positioning Cilegon as an environmentally friendly steel industrial center in Southeast Asia, aligning with Krakatau Steel's "green steel" philosophy; build a stronger national steel industry ecosystem, enhance the global competitiveness of Indonesia's steel industry, and support the raw material needs of national strategic projects. This cooperation is expected to create thousands of local jobs, drive national economic growth, increase the added value of industrial products, and improve the trade balance. The CEO of Krakatau Steel expressed great expectations for this global strategic cooperation, believing that land supply is substantive support and technology transfer will bring long-term value. Delong considers the Cilegon Industrial Zone to be ideally located with excellent infrastructure, making it a suitable site for its new hub, and is currently conducting in-depth assessments of the project's feasibility. The two parties are in intensive negotiations and will further finalize investment details to promote project implementation.
Indonesia's Krakatau Steel Group plans to provide over 500 hectares of land in the Krakatau Industrial Zone in Cilegon, Banten Province, to attract large-scale investment from China's Delong Steel Group (the world's 11th largest and China's 7th largest steel producer) and its Indonesian subsidiary PT Dexin Steel Indonesia. Delong aims to build a new steel plant in Indonesia through this collaboration, advancing its global layout. In May, a Krakatau Steel delegation visited Delong Group, signed a raw material procurement memorandum, and inspected its factory facilities, reaching a preliminary strategic cooperation intention. On June 3, Delong and PT Dexin Steel Indonesia paid a return visit to Krakatau Steel, conducting on-site inspections of the new plant site in the Cilegon Industrial Zone and visiting existing supporting facilities such as ports and steel plants. On June 5, the two parties held a business meeting in Jakarta, focusing on discussing the plan to build an integrated steel plant with an annual capacity of 3 million tons, further refining cooperation details. Both parties hope to optimize the asset utilization efficiency of Krakatau Steel through land resource integration and technical cooperation, while introducing Delong Steel's advanced technology and management experience; simultaneously promote the revival of Indonesia's national steel industry, positioning Cilegon as an environmentally friendly steel industrial center in Southeast Asia, aligning with Krakatau Steel's "green steel" philosophy; build a stronger national steel industry ecosystem, enhance the global competitiveness of Indonesia's steel industry, and support the raw material needs of national strategic projects. This cooperation is expected to create thousands of local jobs, drive national economic growth, increase the added value of industrial products, and improve the trade balance. The CEO of Krakatau Steel expressed great expectations for this global strategic cooperation, believing that land supply is substantive support and technology transfer will bring long-term value. Delong considers the Cilegon Industrial Zone to be ideally located with excellent infrastructure, making it a suitable site for its new hub, and is currently conducting in-depth assessments of the project's feasibility. The two parties are in intensive negotiations and will further finalize investment details to promote project implementation.