Cathy News: In early January, procurement of steel structure projects for the Qingshan Industrial Park in Morowali Qingshan Industrial Park (IMIP) in Indonesia began, marking the company's opening of a new chapter in the comprehensive construction of the Indonesian project and sounding the charge for the start of construction.
Project Introduction:
The Qingshan Industrial Park in Indonesia is located in Morowali County, Central Sulawesi Province, Indonesia, about one kilometer from the coast. The total planned land area of the park is about 2,000 hectares. The land owner and park manager of the park is the Indonesia Economic and Trade Cooperation Zone Qingshan Park Development Co., Ltd. (PT. IMIP). The project makes full use of the rich nickel ore resources around the location, transforms the resource advantages on the spot, develops an industrial chain from nickel ore mining to stainless steel hot rolling, and builds one of the stainless steel production bases with the longest stainless steel industrial chain and the most reasonable process in the world. The construction of Qingshan Industrial Park is of great significance to promoting economic cooperation between China and Indonesia and China and ASEAN, and can create tens of thousands of jobs for Indonesia.
An Introduction of Tsingshan Indonesia Morowali Industrial Park
Tsingshan Indonesia Morowali Industrial Park located in Morowali County, Bahodopi Town, Central Sulawesi Indonesia. The developer of the industrial park, also the land owner and park manager, is PT. Indonesia Morowali Industrial Park (IMIP) which is jointly invested and founded by Shanghai Decent Investment (Group) Co., Ltd. (a corporation of Tsingshan Steel, holding 66.25% shares) and Indonesia PT Bintangdelapan Group (holding 33.75% shares).
Park Project Profile:
1. The first admission project is Sulawesi Mining Investment Co., Ltd. (SMI) with an annual output of 300,000 tons of ferronickel and its supporting power plant project with a total investment of 628 million U.S. dollars. The project is financed by the China Development Bank and covers an area of 95 hectares. There are 4 Ø4.6 × 100m rotary kilns and 4 × 33000kVA ore-fired hot-blast furnaces in the project construction. The 2 × 65MW coal-fired power plants and public facilities and auxiliary facilities will be built in the same period, with an annual output of 300,000 tons of ferronickel containing 10% nickel. Construction started on July 16, 2013, and trial production was completed in January 2015. On May 29, 2015, Indonesian President Joko Widodo, came to the scene to formally launch the project.
2. The second project is production of 600,000 tons of ferronickel and its auxiliary power plant with an area of 86 hectares and a total investment of more than 1 billion U.S. dollars by PT. Indonesia Guang Ching Nickel and Stainless Steel Industry (GCNS), Equivalent 60,000 tons of nickel-iron alloy 600,000 tons, annual sales income about 1.2 billion US dollars. Started on May 2, 2014, it was on partial production on March 22, 2016.
3. The third project is a project to produce 1 million tons of stainless steel continuous casting billet and its auxiliary power plant by PT. Indonesia Tsingshan Stainless Steel (ITSS) with a total investment of more than 800 million U.S. dollars and a land area of 90 hectares. The project is funded by China Development Bank with 570 million U.S. dollars long-term project financing. The construction started on July 28, 2015. After the project completed and put into production, the annual output of stainless steel slab will reach 1 million tons with sales income of about 2.2 billion U.S. dollars. The project will promote Chinese, Indonesian, other manufacturers to enter the park to build stainless steel downstream processing plants.
In addition, the PT. Indonesia Ruipu Nickel And Chrome Alloy company’s 600,000 Ton High-Carbon Ferrochrome (completed with energy recycling system in coking units) and 700,000 Ton Stainless Steel Cold Rolling Project, with a total investment of USD 460 million, covering an area of 40 hectares. After its completion, the annual sales revenue will reach 1.3 billion US dollars. With an annual output of 2 million tons of 1780MM hot rolling project, the total investment will be 200 million US dollars covering 50 hectares land area. After the project completed, the annual processing income will be about 164 million US dollars.
