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Investing IDR 75 Trillion, 2 Chinese Companies Ready to Build Nickel and Steel Smelter in Sorong

by Redaksi Asiatoday
March 19, 2024
in Business
Reading Time: 2 mins read
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Investing IDR 75 Trillion, 2 Chinese Companies Ready to Build Nickel and Steel Smelter in Sorong

Special Economic Zone (KEK) of Sorong Regency, Southwest Papua. Doc

ASIATODAY.ID, SORONG – Two investors from China, PT Sheng Wei New Energy Technology and Beijing Jianlong Heavy Industry Group are ready to build a nickel and steel smelter in the Special Economic Zone (SEZ) of Sorong Regency, Southwest Papua. The investment value of the two smelters reached IDR 75 trillion.

The two Chinese companies are planning to immediately carry out groundbreaking for factory construction.

Meanwhile, the construction of this nickel and steel smelter requires 500 hectares of the 1,000 hectares of land available in the Sorong SEZ.

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President Director of PT Sino Consultan Investmen, Adriana Imelda Daat, said that her company, which operates in the consulting sector, has brought in the two investors since 2023.

He said PT Sheng Wei New Energy Technology would build a nickel smelter, while Beijing Jianlong Heavy Industry Group would build a steel smelter.

“They have come to see the availability of raw materials, infrastructure and facilities. They have come with a more complete team, because they are ready to invest here,” said Adriana, quoted Tuesday, March 19 2024.

Adriana continued, the investors had reviewed the Sorong SEZ. They consider the SEZ worthy of investment to build two giant factories using green economic methods.

“After carrying out an inspection, the investors have confirmed that the Sorong Regency Special Economic Zone is suitable as a place for investment. The factory will carry the economic green concept,” he said

Adriana said that the land area needed by investors to build a nickel smelter in the area is 1,000 hectares of the 500 hectares of land that is ready in the Sorong SEZ area, as well as a number of other supporting facilities.

“The construction of the nickel and steel smelter will employ around 3,000 people in the initial stage. And we hope that the workforce will involve more local people,” he added.

Meanwhile, the Director of PT Sheng Wei New Energy Technology, Mr Ru Guo Sheng, appreciated the cooperation established with the government. He is optimistic that investment will influence economic growth in the Papua region.

“We are committed to preparing all the requirements for investing in Papua, especially in Sorong Regency,” he explained. (AT Network)

Check out other news and articles at Google News and WA Channel

Tags: Nickel IndonesiaSEZ SorongSpecial Economic Zone
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