Jakarta (ANTARA News/Asia Pulse) - Indonesian Industry Minister M.S. Hidayat said the government will asked Nippon Steel to build a special steel factory in Indonesia. "A special steel factory would strengthen the country's steel industry structure and reduce dependence on imports," Hidayat said yesterday.

Indonesia relies entirely on imports for special steel, (used especially by automotive and metal-based machinery industries), importing between two and three million tons a year.

Earlier this month Hidayat asked Japan to increase its investment in the manufacturing sector by at least US$6 billion to help strengthen the country's industrial structure. Japan was also urged to transfer technology to improve the competitiveness of local products.


Source:
Business in Asia Today - Jan 14, 2010
published by Asia Pulse

Editor: Ricka
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