Japanese Mitsubishi Steel Corporation will increase the capital, by $ 32M, increasing its shareholding from 66.54% to 74.98%, in its Indonesian subsidiary Jatim Taman Steel, which is planning a capacity expansion at the steel mill in order to meet the rapidly growing demand in the ASEAN market. Through this capital increase, Jatim will strengthen its financial base and further improve its production capacity, planning to work on renewable energy in its electric furnaces to produce green steel.Jatim Taman Steel is a special steel manufacturer that produces billets, flat bars and round bars at 2 plants located in Sidoarjo and Gresik
Japanese Mitsubishi Steel Corporation will increase the capital, by $ 32M, increasing its shareholding from 66.54% to 74.98%, in its Indonesian subsidiary Jatim Taman Steel, which is planning a capacity expansion at the steel mill in order to meet the rapidly growing demand in the ASEAN market. Through this capital increase, Jatim will strengthen its financial base and further improve its production capacity, planning to work on renewable energy in its electric furnaces to produce green steel.Jatim Taman Steel is a special steel manufacturer that produces billets, flat bars and round bars at 2 plants located in Sidoarjo and Gresik
