March 18, 2018 10:14 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


Founded in 1970

6,743 Employees


62 25 439 2159


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

Nippon Steel & Sumitomo Metal Corporation and PT Krakatau Steel (Persero) Tbk Establishes Joint Venture PT KRAKATAU NIPPON STEEL SUMIKIN

Nippon Steel & Sumitomo Metal Corporation and PT Krakatau Steel (Persero) Tbk established a joint venture PT KRAKATAU NIPPON STEEL SUMIKIN (KNSS) in the Republic of Indonesia for the manufacture and sale of automotive flat steel products. After constructing a plant KNSS has started commercial production on July 24, 2017. Combined with the high growth potential of the Indonesian automotive market, automakers' needs for anti-corrosion steel and high-strength steel are also expected to grow. KNSS has therefore built a Galvanizing, Annealing and Processing Line (GAPL), which is an integrated manufacturing line consisting of a Continuous Annealing Line and a Continuous Galvanizing Line. This is the same as the equipment now in operation at NSSMC's steelworks, and is capable of producing high-grade, high-quality cold-rolled, hot-dip galvanized, and galvannealed steel sheets, including steel sheets for automotive outer panels and high-strength steel sheets up to a 1.2GPa class. Operating this new line enables KNSS to respond to the high-standard needs of automakers in Indonesia.

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.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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