Brief History of Waskita Beton Precast Tbk
PT Waskita Beton Precast Tbk is one of the subsidiaries of PT Waskita Karya (Persero) Tbk, a leading state-owned construction company in Indonesia. The company has successfully undertaken various projects in the fields regarding; toll roads or highways, bridges, skyscrapers, as well as river revitalization.
It started when PT Waskita Karya (Persero) Tbk, which continues to make the best effort, through constant innovations and breakthroughs, broadens the company’s project availability, through conducting and finishing projects with maximum outcome. The reputation gave Waskita Karya’s gain in reliability and trust in terms of working on projects with a large scale. As well as an act of motivation that pushed Waskita Karya further to find developing methods and strategies that is able to make the company become the leading face of construction services.
To support this aim, Waskita Karya turned to innovate, and created various breakthroughs in developing concrete production, which includes the formation of an actively operating business unit since January 1st, 2013. Then, this business unit later on became PT Waskita Beton Precast Tbk shortly a year after.
PT Waskita Beton Precast Tbk is a limited liability company, it is established in the Republic of Indonesia, based on number 10 of the Deed of Establishment of Limited Liability Companies on the 7th of October 2014, made under Fathiah Helmi, S.H. A notary in Jakarta, whom which was approved by the Minister of Justice and Human Rights number AHU-293184.108.40.2064, on the 14th of October 2014 (Deed of Establishment No. 10/2014). The latest change includes the amendment of Articles of Association with Deed of Minutes of Extraordinary General Meeting of Shareholders (Akta Berita Acara Rapat Umum Pemegang Saham Luar Biasa) number 23 on the 8th of June 2016, in which was declared and made presented upon Fathiah Helmi, S.H.
Throughout its journey, WSBP’s development of production capacity was approximately expanding at a rapid rate. As of late, the company’s annual production capacity rates surpassed 3,7 tons/year. Sourced by the workings of 9 plants, as well as running 73batching plants, and 5 quarries.
With company performance flourishing, PT Waskita Beton Precast Tbk finds expansion a much needed necessity, WSBP ought for changing the business into a much larger and diverse company. This aim for “change” became the foundation of the Initial Public Offering (IPO) which was conducted by releasing 10.54 billion shares at an offering price of Rp490/share. Therefore, the company obtained fresh fund from IPO worth Rp5.16 trillion with underwriter PT Mandiri Sekuritas, PT Danareksa Sekuritas, PT Bahana Securities and PT BNI Securities. The IPO occured on 20th of September 2016, within the Indonesian Stock Exchange.
- The information of Articles of Association No.46, please see here
- The Information of Amendment to Articles of Association No.47 April 2019, please see here