PT. Krakatau Osaka Steel Receive Loan Facility USD 115 Million

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PT. Krakatau Osaka Steel as a joint venture company between Indonesia state-owned steel company PT. Krakatau Steel Tbk (Persero) and Osaka Steel Co., Ltd. PT. Krakatau Osaka Steel is a construction steel material, small and medium-sized Shape steel and rebar steel bars and flat steel, expected annual production capacity of 500,000 tons, and those to finance the necessary funds to manufacturing and sales.

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To provide the necessary funds for the construction steel manufacturing and sales business of Japanese company in Indonesia, The Japan Bank for International Cooperation (JBIC) signed a loan for PT. Krakatau Osaka Steel Indonesia. November 26th, agreement amounting up to USD 11.5 million. The load is cofinanced with Sumitomo Mitsui Banking Corporation (SMBC) and Mizuho Bank, Ltd.

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