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Indonesia s Dexin Steel aims for 20 mln tpy steelmaking capacity Indonesia s Dexin Steel is looking to raise its steelmaking capacity to 20 million tonnes per year sometime in the future, Japanese trader Hanwa Co - a shareholder in the mill - has said, though it did not specify when this would be achieved. The company has already reached a basic agreement with the Indonesian government and is currently selecting candidate sites, Hanwa said last week.
The mill aims to start up a third blast furnace by December 2022 as part of this plan.
This is currently under construction at its steel works.
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Indonesia s Dexin Steel aims for 20 mln tpy steelmaking capacity Indonesia s Dexin Steel is looking to raise its steelmaking capacity to 20 million tonnes per year sometime in the future, Japanese trader Hanwa Co - a shareholder in the mill - has said, though it did not specify when this would be achieved. The company has already reached a basic agreement with the Indonesian government and is currently selecting candidate sites, Hanwa said last week.
The mill aims to start up a third blast furnace by December 2022 as part of this plan.
This is currently under construction at its steel works.
Email this article
Hanwha, KAI look to space for future growth
Posted : 2021-02-05 15:30
By Kim Hyun-bin
Korean defense companies are turning to space exploration for future growth engines as major countries speed up investments in the field.
The global space industry has been growing at a rapid pace in recent years and was valued at $423.8 billion as of July last year, according to a report by the Space Foundation.
Industry watchers believe the rise in autonomous driving will lead to a surge in data use, requiring more broadband satellites orbiting around the earth.
Major defense companies in Korea have been increasing investments in satellite development in order to keep up with the anticipated rise in data demand.
London nickel prices rise as much as 5% to 2-week high on Monday GEM to double stake to 72% as Tsingshan, CATL reduce holdings (Recasts; adds GEM share, nickel price jumps and IMIP comment)
BEIJING, Jan 4 (Reuters) - China’s GEM Co Ltd aims to double its stake in an Indonesian nickel development now delayed until 2022, taking majority control and buying most of stainless steel maker Tsingshan Holding Group’s shares in the closely watched project.
GEM, a supplier of battery materials used in electric vehicles, said on Monday it has signed a framework memorandum of understanding for its Jingmen unit to double its holding to 72% from 36%, including taking over a 21% stake previously held by Tsingshan, according to a filing to the Shenzhen Stock Exchange.