On August 23, 2020, the first ship of Zhenshi Yashi Indonesia Investment Co., Ltd. was loaded onto the ship and shipped. Zhejiang Yushi International Logistics Co., Ltd. of Zhenshi Group provided the whole service. It is expected to arrive at the domestic port in September.
The first phase of Yashite project consists of four production lines, all located in Wiedabay Industrial Park, Indonesia, with an annual output of 35,000 tons of nickel metal equivalent after full production.The project officially started on March 15, 2019 and lasted for 15 months. The first electric furnace (# 4 furnace) produced iron at 17:18 on June 22, 2020, and the second electric furnace (# 3 furnace) was officially put into production on July 18. The remaining two production lines will be put into production in succession.
