Last 481.00
Change Today +7.00 / 1.48%
Volume 8.5M
KRAS On Other Exchanges
As of 4:13 AM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

krakatau steel persero tbk (KRAS) Snapshot

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52 Week High
03/17/14 - $580.00
52 Week Low
06/26/14 - $435.00
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Average Volume 10 Days
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krakatau steel persero tbk (KRAS) Details

PT Krakatau Steel (Persero) Tbk., together with its subsidiaries, is engaged in the production and trading of iron and steel products in Indonesia and internationally. It operates in five segments: Steel Products, Real Estate and Hotels, Engineering and Construction, Port Services Provider, and Other Services. The Steel Products segment is primarily involved in production and sale of steel products, such as sponge iron, slabs, billets, hot rolled coils, cold rolled coils, and wire rods; and steel pipes, reinforcing bars, and steel wires, as well as provides services related to steel, including coating and tolling services. The Real Estate and Hotels segment develops and sells industrial estates with the infrastructure, and hotels and sport facilities. The Engineering and Construction segment is involved in the construction, industrial engineering, planning, and contracting of various types of buildings; export and import of goods; and provision of services and software related to the aforementioned activities. The Port Services Provider segment offers pier services for berthing, loading, and unloading goods and containers; and sea port support, warehousing, and transport services. The Other Services segment provides information technology, medical, electricity, and water distribution services for industrial and residence needs. PT Krakatau Steel (Persero) Tbk was founded in 1970 and is headquartered in Cilegon, Indonesia.

7,230 Employees
Last Reported Date: 10/31/14
Founded in 1970

krakatau steel persero tbk (KRAS) Top Compensated Officers

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Executives, Board Directors

krakatau steel persero tbk (KRAS) Key Developments

PT Krakatau Steel (Persero) Tbk (PTKS) and Osaka Steel Co., Ltd to Form Joint Venture

PT Krakatau Steel (Persero) Tbk (PTKS) and Osaka Steel Co., Ltd. signed an agreement to form a joint venture (JV), PT Krakatau Osaka Steel, to produce and market steel profiles, steel reinforcement, and flat bars in Indonesia. The JV, with a paid up capital of $70 million, factory will be located in the Krakatau Industrial Zone in Cilegon, Banten, Indonesia. Osaka Steel will hold an 80% stake, while Krakatau Steel will hold the remaining 20% stake in the JV. With an investment of $200 million, the JV is expected to begin operations in 2016, with a sales target of 0.5 million tons per year and to employ around 170 employees.

Nippon Steel & Sumitomo Metal Corporation Executes Definitive Agreement on Joint Venture with PT Krakatau Steel (Persero) Tbk

Nippon Steel & Sumitomo Metal Corporation and PT Krakatau Steel (Persero) Tbk executed on August 11, 2014 a definitive agreement concerning their joint venture, PT KRAKATAU NIPPON STEEL SUMIKIN. KNSS was established in the Republic of Indonesia in December 2012 for the manufacture and sale of automotive flat steel products, and NSSMC and PTKS had been discussing the detailed terms and conditions of their joint venture since then. The Indonesian automotive market is expected to grow further in the future and it is expected that automakers’ needs for anti-corrosion steel and high-strength steel will also grow. KNSS will build a Galvanizing, Annealing and Processing Line which is a manufacturing line integrating the functions of both Continuous Annealing Line and Continuous Galvanizing Line. GAPL is equivalent to the equipment now in operation at NSSMC’s steelworks, and which is capable of producing high-grade, high-quality cold-rolled, hot-dip galvanized, and galvannealed steel sheets, including steel sheets for automotive outer panels and high-strength steel. With this new line, KNSS will adapt their business to capture the precise needs of automakers. NSSMC and PTKS intend to contribute to the further development of the Indonesian automotive industry through KNSS.

PT Krakatau Steel Signs Deal with Contractors for the Blast Furnace Project

PT Krakatau Steel said it has signed a deal with contractors for the blast furnace project, a consortium of a group of Chinese companies Capital Engineering and Research Incorporation Limited and KS’s subsidiary PT Krakatau Engineering, to increase the production capacity of a coke oven plant to 550,000 tons per year from previously planned 500,000 tons per year. A coke oven plant is part of the blast furnace complex development, which will also have a sintering plant, which will process steel mill waste into useful materials, hot metal treatment plant, and other supporting facilities. The coke oven plant will process coke to fuel the blast furnace. The increasing production capacity of the coke oven plant will make the value of engineering, procurement and construction contract for the blast furnace complex development increase by $14 million to $542.6 million. The blast furnace is expected to commence operation in the second half on 2015. The blast furnace project will be financed partly by syndicated loans from domestic banks and Chinese banks backed by export credit agencies.


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