Xiangyu, Delong to run new Indonesian SS plant in H1 2020
Dec 27, 2019 13:30
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Xiamen Xiangyu Group Co (XMXYG), a state-owned investment conglomerate and Jiangsu Delong Nickel Industry Co (Delong Nickel) are going to commission a 2.5 million tonnes/year stainless steel project as part of their investments in Indonesia in the first half of 2020, a XMXYG company official confirmed on December 26.
This new mill is the second project under an Indonesian joint venture between XMXYG and Delong Nickel after the 800,000 t/y nickel pig iron capacity commissioned in 2018, and both are located in the Virtue Dragon Industrial Park in Sulawesi, Central Indonesia, an island with rich laterite nickel ore for