April 24, 2017 1:47 AM ET

Metals and Mining

Company Overview of PT Krakatau Steel (Persero) Tbk

Company Overview

PT Krakatau Steel (Persero) Tbk, together with its subsidiaries, engages in the production and trading of iron and steel products in Indonesia and internationally. It operates through five segments: Steel Products, Real Estate and Hotels, Engineering and Construction, Port Services Provider, and Other Services. The Steel Products segment is primarily involved in production and sale of steel products, such as sponge iron, slabs, billets, hot rolled coils, cold rolled coils, and wire rods; and steel pipes, reinforcing bars, and steel wires, as well as the provision of services related to steel, including coating and tolling services. The Real Estate and Hotels segment develops and sells indust...

Jalan Industri No. 5

PO Box 14

Cilegon,  42435

Indonesia

Founded in 1970

6,986 Employees

Phone:

62 25 439 2159

Fax:

62 25 439 5178

Key Executives for PT Krakatau Steel (Persero) Tbk

PT Krakatau Steel (Persero) Tbk does not have any Key Executives recorded.

PT Krakatau Steel (Persero) Tbk Key Developments

PT Krakatau Steel (Persero) Tbk(JKSE:KRAS) added to S&P Global BMI Index

PT Krakatau Steel (Persero) Tbk(JKSE:KRAS) added to S&P Global BMI Index

PT Krakatau Steel Plans For Share And Bond Sales

PT Krakatau Steel (Persero) Tbk (JKSE:KRAS) is planning a share and bond sales to take advantage of the IDR 560 trillion of funds the central bank estimates will be repatriated as part of a tax amnesty program running through March 2017.

SOE Plans To Sell The Government Stake In Four SOEs

In a recent coordination meeting held by the Coordinating Ministry for Economic Affairs with relevant ministries on July 12, 2016 the State-Owned Enterprises Ministry stated that they are planning to sell the government stake in four SOEs to the public and use the proceeds to finance development projects. Preparations are being made in case of four BUMN or SOEs for issuing preemptive rights (HMETD), namely publicly listed companies of Perusahaan Umum Pembangunan Perumahan Nasional (JKSE:KRAS), PT Krakatau Steel (Persero) Tbk (JKSE:KRAS), PT Wijaya Karya (Persero) Tbk (JKSE:WIKA) and PT Jasa Marga (Persero) Tbk (JKSE:JSMR). Aloysius Kiik Ro, The Deputy Minister for Restructuring and Business Development of the National Development Planning Ministry said said the rights issue of the four state companies will be worth about IDR 14.3 trillion.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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