JAKARTA -- Indonesia's largest privately owned steelmaker will spend more than 1 trillion rupiah ($66.8 million) to increase production as demand for steel swells, in part due to construction projects related to the relocation of key government functions to the island of Borneo, Gunung Raja Paksi's top executive told Nikkei Asia.
Interview
Indonesian steelmaker senses opportunity in capital relocation
Gunung Raja Paksi president also sees chance in declining Chinese production
Abednedju Giovano Warani Sangkaeng, president of Indonesian steelmaker Gunung Raja Paksi, is optimistic about about demand in Indonesia even as it declines globally. (Photos by Nana Shibata)
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