GGRP Partners with China for Domestic Projects

By Editorial Team 20/09/2019
Summary

PT Gunung Raja Paksi Tbk (GGRP) will work with Chinese steel companies. Gunung Raja Paksi President Director Alouisius Maseimilian said the GGRP had held talks with the biggest steel company from China. The partnership signing is scheduled for October 2019 and is expected to run effectively in 2020.

He said there are at least seven projects in the company’s pipeline, which would be worked on through the partnership. Investment for several projects includes machines worth €220 million and local content worth US$ 450 million, bringing the total value of the project to around Rp 9.76 trillion.

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