Monday, 14th December 2015
For the purpose of strengthening of relationship among PT. Steel Pipe Industry of Indonesia, Tbk. (“SPINDO”) and JFE Steel Corporation (“JFE”) and Marubeni-Itochu Steel Inc. (“MISI”), SPINDO has signed on the Revised Memorandum of Understanding (“MOU”) for procurement/supply of raw material, considering SPINDO’s future facilities expansion plan and increase sales volume.
Furthermore, the parties are discussing on a future possibility of technical support from JFE to SPINDO and also that of investment into SPINDO by JFE and MISI.