Mar 31 2004
PT BlueScope Steel Indonesia (formerly PT BHP Steel Indonesia) today announced the launch of its new AUD$7.94 million paint line at its flat steel metallic coating and painting facility at Cilegon, Banten 100 kilometres west of Jakarta.
The new paint line will increase the flat steel painting capacity of the manufacturing facility from 25,000 tonnes to 55,000 tonnes per annum.
President PT BlueScope Steel Indonesia, Mr Rob Crawford, said, "The investment in a new flat steel painting line at BlueScope Steel Indonesia's operations at Cilegon, Banten demonstrates our commitment to Indonesia and will enable the business to increase its capacity to better serve our customers within Indonesia."
The Company also announced today the change of its company name from PT BHP Steel Indonesia to PT BlueScope Steel Indonesia following approval from Indonesia's Ministry of Justice and Human Rights.
Indonesia is an important market for BlueScope Steel Limited. In December 2002, BlueScope Steel increased its interest in Indonesia by investing AUD$20 million to increase its 74 per cent shareholding in PT BlueScope Steel Indonesia to 100 per cent.
In line with the Company's name change, its building products business, PT BHP Steel Lysaght, will be known as PT BlueScope Lysaght Indonesia. PT BlueScope Lysaght Indonesia is a market leader in the manufacture and supply of metallic coated and pre-painted cladding and roofing accessories.
For more information on cladding, click here.