PRESS RELEASE

1-13-1 Tsukiji, Chuo-ku, Tokyo 104-8429, Japan

September 21, 2023

Hanwa Co., Ltd.

Notice about the No.3 blast furnace of PT Dexin Steel Indonesia succeeded in

initial firing

PT Dexin Steel Indonesia, of which Hanwa Co. Ltd has a 10% stake in Indonesia Sulawesi Island, has started operating the No.3 blast furnace that was being constructed.

Following the completion of the No.1 and No.2 blast furnaces, the No.3 blast furnace has been completed, increasing production capacity to 7 million tons per year.

Armed with Dexin's slabs, billets, wire rods and round bars, Hanwa can now focus on expanding sales volumes to both Indonesian and regional customers. This is in line with Hanwa's aim to develop the ASEAN region as their second base of operations.

Company Name

:

PT Dexin Steel Indonesia

Location

:

Central Sulawesi, Republic of Indonesia

Established

:

August 2017

Business description

:

Blast furnace production of ordinary steel

Production capability

:

7 million tons per annum

Products

:

Billets, round bars, wire rods, slabs

###

For further information, please contact: Hanwa Co., Ltd. Tokyo Secretarial Office +81-3-3544-2000

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Hanwa Co. Ltd. published this content on 21 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 September 2023 02:06:03 UTC.