After a rigorous selection and tender process, Nippon Steel Engineering consortium is appointed as contractor for Latinusa’s revamping project. Today both parties have signed the work contract, officially marking the beginning of their collaboration. The consortium itself consists of Nippon Steel Engineering Co.,LTD (hereinafter referred to as “NSEC”), PT. Nippon Steel Construction Indonesia (hereinafter referred to as “NISCONI”), Fuji Electric Asia Pacific, Pte.Ltd. (hereinafter referred to as “Fuji”) and PT. Sankyu Indonesia International (hereinafter referred to as “Sankyu”).

PT Pelat Timah Nusantara Tbk, or Latinusa in short, is the only tinplate (raw material for can packaging) producer in Indonesia and has been a public listed company since its IPO in 14 December 2009. The Rp 157.7 billion fund generated from the IPO is used to finance Latinusa’s revamping project, which will increase Latinusa’s capacity from 130,000 to 160,000 ton per year.

“Our revamping project will be of great significance to our business development,” says Ardhiman, President Director of PT Latinusa. “We took the tender process very seriously, making sure that only the best contractor will handle our revamping project. At the end, through fair and proper tender process which is in accordance with regulations, NSEC consortium’s bidding and impressive track records have convinced us to collaborate with them.”

NSEC has extensive experience of providing services of building plants and managing constructions for various industries, especially for steel industry. NSEC also has experiences for construction of tin-coating process more than 25 plants all over the world. NSEC was originally one of business segments of Nippon Steel Corporation but in 2006 they separated from NSC and launched their own business. Additionally, Fuji has extensive experience in electrical work while NISCONI and Sankyu are both well known for their numerous excellent construction works in Indonesia.

“We are delighted that we have been given a chance to work with PT Latinusa,” says Mr.Suzuki. of NSEC. “We can guarantee that we will give our best service and performance to PT Latinusa.”

The revamping project consists of work in engineering, construction, installation of new equipments as well as commissioning of the machines. The whole revamping project will requires fund as much as approximately USD 16 million, and it will be fully covered by the fund generated by Latinusa’s IPO in 14 December 2009.

“After the revamping project is done, our production capacity and product quality will increase through implementation of equipments with higher production speed and technology. This will give us more ammunition to grasp domestic demand and increase our market share,” says Soeprapto, Commercial Director of PT Latinusa. “Currently, domestic consumption of tinplate is around 200,000 ton per year, higher than our total capacity even after the revamping project is done. This clearly shows that we have a great opportunity in our own country, which is why we will concentrate in domestic market first, particularly in the food industry,” he says, ending the conversation.