Chinese Investors to Build Carbon Steel Plant in Indonesia
An Indonesian delegation collected more than USD $1.6 billion worth of investment commitments in a follow-up meeting after the Belt and Road summit in Beijing (held on 14-15 May 2017). These investment commitments come from two Chinese companies - Delong Steel Ltd and Tsing San Group - that are set to build a carbon steel factory in the industrial zone of Morowali (Central Sulawesi). Both firms team up with Indonesian company Indonesia Morowali Industrial Park for the development of the factory.