Name change and a new painting facility from BlueScope Indonesia
According to the statement released from PT BlueScope Steel Indonesia, the company has started building a new paint line worth Australian$7.94 million ($5.9 million) at its flat steel metallic coating and painting facility at Cilegon, Banten. The new paint line is expected to increase annual flat steel painting capacity of the facility from 25'000 tons to 55'000 tons. Moreover, the company has also announced that it changes its name from PT BHP Steel Indonesia to PT BlueScope Steel Indonesia. In line with the name change, the name of the company's building products business PT BHP Steel Lysaght is changed into PT BlueScope Lysaght. As previously reported by SteelOrbis, the two were demerged from BHP Billiton on July 15, 2002 and according to the terms of the agreement, the names of the companies should be changed by June 30, 2004.