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As of December last year, the Indonesian project of Xiangyu Indonesia has produced a total of over 3.2 million tons of stainless steel

2023-02-17

latest company case about As of December last year, the Indonesian project of Xiangyu Indonesia has produced a total of over 3.2 million tons of stainless steel

From February 8th to 11th, 2023, Chen Fang, the leader of Xiangyu Group, the secretary of the party committee, general manager, PT Obsidian Stainless Steel (hereinafter referred to as "OSS"), Qi Weidong, to Indonesia to investigate the investment in Indonesia. Enterprises, visiting and condolences in Indonesian employees, and visiting the Chinese Embassy in Indonesia and cooperative Chinese banking institutions.

 

Since the work in 2017, Xiangyu Indonesia project has been promoted smoothly. In 2020, it achieved profitability of the year, and the production was fully completed in 2021. As of December 2022, the project has produced over 3.2 million tons of stainless steel, which has driven the import and export trade value of over 10 billion US dollars, driving the entire industry chain revenue exceeding 100 billion yuan, and more than 16,000 jobs directly created employment in Indonesia. Relying on this project, Xiangyu Group also uses its advantages in the construction and operation of logistics networks, focusing on creating a new "Belt and Road" shipping logistics network with Indonesia as its core and radiating Southeast Asia.

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