" With the PT Krakatau - Posco which will produce 3 million tons of slabs per year and invest nine other basic metal industries , is expected to produce steel products in large quantities to meet domestic demand , " said Industry Minister MS Hidayat in the series of Special Plenary Meeting parliament Cilegon , Banten province to submission of Certificate of Land pengelolan ( HPL ) Warnasari in Cilegon , Banten , on Thursday .
Plant construction joint Indonesia - South Korea and nine other base metals industry is projected to substitute steel demand in the domestic market up to 6.8 million tons per year of total imports amounted to 9 million tons per year .
" Completion of the project ' joint venture ' is expected to be completed on time and was inaugurated by the President on December 23, 2013 . "
" We believe the plant can grow the raw material downstream steel plates capable of providing high added value . Such growth of the shipping industry , infrastructure , and other machinery , " he said .
One good move , still said the Ministry of Industry , is to surrender to the Government Certificate of HPL Warnasari Cilegon by the National Land Agency .
The certificate smooth Krakatau - Posco to build a factory in Kubang Sari after an agreement with the municipal government Cilegon .
Both sides agreed to exchange HPL Warnasari and Kubang Sari .
" The handover of the certificate is a series of processes to complete the requirements and implementation of investment towards the construction of production facilities of the overall project completion PT Krakatau - Posco , " he said .
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