Primary Aluminium News - Project

Inalum to Build $2b Aluminum Smelter

thejakartaglobe.beritasatu.com
State-run aluminum maker Indonesia Asahan Aluminium, or Inalum, is planning to build an aluminum smelter valued at $2 billion and a calcined petroleum coke plant worth $30 million, in a move that will help it to produced value-added products.

The smelter will turn bauxite into aluminum, which the company needs to produce aluminum ingots. The move is expected to bring added value to the company, which is now under the state’s control. The government took over Inalum after buying shares it didn’t own from its Japanese partner last year. Inalum is also planning to diversify its business by producing aluminum alloy.

“We’re conducting a feasibility study on the projects. Hopefully it can be completed soon so that the two plants can start operation by 2019-2020,” Agus Tjahajana, chief commissioner of Inalum, said on Tuesday.

Agus said the company gets its raw materials for calcined petroleum coke from Dumai and bauxite from state-run miner Aneka Tambang. Inalum’s need for aluminum reaches 500,000 metric tons per year and growing demand suggests the need for a smelter.

“Around 80 to 90 percent of Inalum’s production is sold domestically. We only export it through tender if the supplies are unabsorbed here,” said Agus. “We’re still reviewing all possibilities, including the investment funding.”

Read the full story
Also unlock other exclusive content
eventimgEvents
e-magazine-newse-Magazines
Report-newsReports
Edited By:


This news is also available on our App 'AlCircle News' Android | iOS


Alternate Text
EPIQ Machinery

A world class equipment designer specialized in developing innovative & effective solutions for heavy equipment, vehicles, and material handling systems

Alternate Text
RIA Cast House Engineering

Leading supplier of rail mounted precision Furnace Charging Machines and Furnace Skimming Machines

Alternate Text
Altek

Leading manufacturer of value-added equipment for the aluminum casthouse

Alternate Text
Jagannath Company

Manufacturers & Supplier of Magnesium Metal and Aluminium Foundry Chemicals

Alternate Text
CETAG

A supplier of proven systems and an expert adviser in aluminum casthouse technology, offering its services worldwide to the aluminum industry.

Related
Business Leads
Interested to buy aluminium ingot A7. Price : CIF China Tr...
22-Mar-2024 Buying request

Interested to buy aluminium ingot. Purity : 97% Destinatio...
21-Mar-2024 Buying request

We are looking for a company that can supply aluminium ingot...
21-Mar-2024 Buying request

Read this news article and much
more on the AL News app
Get real-time news and business
lead alerts on your phone
SUBSCRIBE NOW
Market

Market

Project

Project

Technology

Technology

Leads

Leads