The Gunawan Steel Group was an Indonesian steel group founded 1989, which owned several Steel works in Southeast Asia. The group's companies were taken over by the Indonesian Bank Restructuring Agency (Badan Penyehatan perbankan Nasional, BPPN) in 1998 following financial problems as a result of the 1997 Asian financial crisis.
As of 2012 the subsidiary Gunawan Dianjaya Steel remains in business, the plate mill of Gunawan Iron and Steel was acquired by Lion Group and operates as Lion Plant Mill Sdn Bhd,
History and description
The group consisted of three steel industry companies; Gunawan Dian Steel Pipe (GDSP) based in Surabaya, Indonesia; Gunawan Iron and Steel (GIS) based in Kuala Terengganu, Malaysia and Gunawan Dianjaya Steel (GDS) (Surabaya, Indonesia).[1]
GDSP produced electric resistance welded steel pipe and had a capacity of 300,000 tonnes per year (2008 figure). GDS had a production capacity of 400,000 tonnes of plate per year.[2][3]