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May 04, 2015 2:25 AM ET

Metals and Mining

Company Overview of PT Krakatau Posco

Company Overview

PT Krakatau Posco is a steel manufacturer. The company produces slab and plate products. The company is based in Indonesia. PT Krakatau Posco operates as a subsidiary of POSCO.

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Indonesia

Key Executives for PT Krakatau Posco

PT Krakatau Posco does not have any Key Executives recorded.

PT Krakatau Posco Key Developments

PT Krakatau Posco Reports Audited Earnings Results for the Full Year Ended December 31, 2014

PT Krakatau Posco reported audited earnings results for the full year ended December 31, 2014. For the year, the company reported sales of KRW 1,129,977 million and net loss of KRW 250,848 million compared to net loss of KRW 41,921 million for the same period a year ago.

PT Krakatau Posco Reports Earnings Results for the Year Ended December 31, 2013

PT Krakatau Posco reported earnings results for the year ended December 31, 2013. For the period, the company reported net loss of KRW 41,921 million compared to net loss of KRW 29,063 million a year ago. Cash flows used in operating activities was KRW 50,209 million compared to KRW 20,775 million a year ago.

PT Krakatau Posco Provides Update on Construction of its $3 Billion Integrated Steel Facilities in Cilegon, Banten

PT Krakatau Posco marked the final stage of the construction of its $3 billion integrated steel facilities in Cilegon, Banten. The $357 million coke oven plant will annually produce 1.3 million tons of coke, which will serve as an energy source for the firm's steel plant, which is scheduled for operation in December. The integrated steel facilities, which include a blast furnace and a sintering plant, represent the first part of a two-stage development project that KS Posco has planned, with a total investment commitment of $6 billion. In the first stage, the mills will initially produce three million tons of steel slabs and plates to mainly meet domestic demand, thereby reducing imports.

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