Perusahaan Terbatas Krakatau Steel (Krakatau Steel Company Limited) is a largest steel

Steel

Steel is an alloy that consists mostly of iron and has a carbon content between 0.2% and 2.1% by weight, depending on the grade. Carbon is the most common alloying material for iron, but various other alloying elements are used, such as manganese, chromium, vanadium, and tungsten...

 maker in Indonesia

Indonesia

Indonesia , officially the Republic of Indonesia , is a country in Southeast Asia and Oceania. Indonesia is an archipelago comprising approximately 13,000 islands. It has 33 provinces with over 238 million people, and is the world's fourth most populous country. Indonesia is a republic, with an...

, headquartered in Cilegon

Cilegon

Cilegon is a major coastal industrial city in Banten province, Indonesia, covering 175.51 sqkm and has an official intercensal estimated population of 338,027 for 2007...

, Banten

Banten

Banten is a province of Indonesia in Java. Formerly part of the Province of West Java, it was made a separate province in 2000.The administrative center is Serang. Preliminary results from the 2010 census counted some 10.6 million people.-Geography:...

. The location is on the western end of Banten

Banten

Banten is a province of Indonesia in Java. Formerly part of the Province of West Java, it was made a separate province in 2000.The administrative center is Serang. Preliminary results from the 2010 census counted some 10.6 million people.-Geography:...

 and adjacent to the Sunda Strait

Sunda Strait

The Sunda Strait is the strait between the Indonesian islands of Java and Sumatra. It connects the Java Sea to the Indian Ocean...

, and where the Krakatoa

Krakatoa

Krakatoa is a volcanic island made of a'a lava in the Sunda Strait between the islands of Java and Sumatra in Indonesia. The name is used for the island group, the main island , and the volcano as a whole. The island exploded in 1883, killing approximately 40,000 people, although some estimates...

 volcano and island from which the company takes its name are located.

POSCO-Krakatau JV (http://www.krakatauposco.co.id)

On October 2010, groundbreaking ceremony for integrated steel mill has been done. It will be built on 400 hectares in two stages with an overall capacity up to 6 million tons annually. The first stage will supply a half portion and is planned to be completed by 2013. The Joint Venture

Joint venture

A joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets...

 shares is 55:45 for Posco

POSCO

POSCO is a multinational steel-making company headquartered in Pohang, South Korea. It is the world's third-largest steelmaker by market value and the most profitable Asia-based steelmaker....

and PT Krakatau Steel respectively.
The first phase will start construction in July 2011 and the second phase expected to kick off in 2013.