WASKITA BETON BUILD FIVE PLANT

[CATEGORY: FINANCIAL]

  

PT Waskita Beton Precast Tbk starting today take the floor at the Indonesia Stock Exchange with the trading code WSBP. Through the initial public offering (IPO), a subsidiary of PT Waskita Karya (Persero) was to sell 40 per cent stake (10.54 billion shares) at an offering price of Rp 490 per share. Thus, the company earned Rp 5.16 trillion.

President Director of Waskita Beton Precast, Jarot Subana, says 70 percent of the initial shares taken up by local investors, while the rest is absorbed by foreign investors.

In the development of the company, Waskita Beton plans to add five new plants that began construction in the second half of this year until 2018. As a result, the total number of plant owned by the company will be 13 units.

In the first half of 2016, Waskita has acquired two plants, so the total number of plant increased to eight units. For the second half of this year, Waskita will realize the construction of two new plants in Palembang and Central Java.

In 2017, Waskita will build two plants in Kalimantan and Sumatra. "We've got 10 hectares of land in Kalimantan, then one more plant in North Sumatra, between Medan or Sabang," said Jarot. Then, in 2018, Waskita will add one more plant in eastern Indonesia.

He said the company has get some long-term infrastructure projects, such as Becak Kayu (Bekasi - Cawang - Kampung Melayu), Solo - Kertosono, Batang -Pemalang, Pejagan - Pemalang, Pemalang - Batang, Batang-Semarang, Cimanggis - Cibitung and Probolinggo – Pasuruan toll road projects. In addition, there is also a light rail project in Palembang.

Reference :

1.     President Director of Waskita Beton Precast, Jarot Subana

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