Gunung Raja Paksi (GGRP) Exports Rp24.45 Billion of Steel to New Zealand
Bisnis.com, CIKARANG - The Ministry of Trade (Kemendag) released 1,200 metric tons of welded beam steel products owned by PT Gunung Raja Paksi Tbk (GGRP) to New Zealand. The export value reached US$1.5 million or equivalent to IDR 24.45 billion (assuming an exchange rate of IDR 16,300 per US dollar).
Minister of Trade (Mendag) Budi Santoso said that GGRP's steel exports are expected to motivate steel exporters to the international arena. Moreover, he said, this GGRP-stocked steel producer has taken part by exporting to New Zealand.
“The export of Gunung Raja Paksi] welded beam steel products to New Zealand is US$1.5 million. Meanwhile, our exports to New Zealand are US$10.9 million. So [GGRP] has contributed US$1.5 million,” Budi said in West Cikarang, West Java, Wednesday (15/1/2025).
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