News Release : 2012
Establishment of P.T. Hanwa Royal Metals
Hanwa Singapore (Private)Ltd and PT. Hanwa Indonesia have agreed to set up a new joint venture called “ PT. Hanwa Royal Metals” as metal recycle processor in Indonesia. Hanwa Singapore (Private) Ltd and PT. Hanwa Indonesia have been doing metal recycle business with Indoprima group up to now. But we decided to transfer our current metal recycle business to new joint venture for business expansion and further growth.
Profile of new company
|Establishment||February in 2013|
|Name||PT. Hanwa Royal Metals|
|Address||J1. Mayjend Sungkono Desa Prambangan, KEC.
Kebomas Gresik – East Java, Indonesia
|Pad in Capital||US$3,800,000.-|
|Shareholding||Hanwa Group 51%
PT. Indonesia Royal Resources 49%