PT Essar
Indonesia, a member of
India's Essar Group, has announced that it plans to invest $500 million to build a steel plant in
Indonesia in order to strengthen its industry presence in the country.
Essar plans to build a pellet plant with a
production capacity of about 2 million metric tons.
Essar
Indonesia began commercial operations in 1997 and is one of the biggest producers of cold rolled steel in the private sector in
Indonesia.
The company has a rolling capacity of 400,000 metric tons a year.