14
May
11:31
Xinxing’s Indonesia MSP produces record ferronickel
The listed company of Xinxing Ductile Iron Pipe (Xinxing Pipe) says its subsidiary PT Megah Surya Pertiwi (MSP) in Indonesia produced 230,300 tonnes of ferronickel in 2020, hitting a record high, Kallanish notes from its annual online performance briefing on 12 May.
MSP's net profit also reached a historical high of $67.75 million. Xinxing Pipe took CNY 176 million ($27.3m) in payments from the subsidiary last year.
In the first quarter this year, the co…
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