Brief History of Waskita Beton Precast Tbk
PT Waskita Beton Precast Tbk (Waskita Precast) is a subsidiary of PT Waskita Karya (Persero) Tbk (Waskita), a leading state-owned construction company in Indonesia, which is engaged in manufacturing precast and ready mix concrete. The company has successfully worked on various projects in the fields of toll roads, bridges, high-rise buildings and river revitalization.
It started when Waskita, who continues to do his best, by making innovations and breakthroughs in order to continue to carry out the development of projects to the fullest. At that time, Waskita won a lot of trust in handling mega projects and encouraged Waskita to continue to find methods and strategies for developing the Company which made it a leading construction service company.
To support this, Waskita has made innovations and breakthroughs in the development of the concrete production business by forming a new business unit which has been actively operating since January 1, 2013 and on October 7, 2014, becoming a new subsidiary named PT Waskita Beton Precast Tbk.
PT Waskita Beton Precast Tbk is a limited liability company established in the Republic of Indonesia based on the Deed of Establishment of a Limited Liability Company No. 10 dated 7 October 2014, drawn up before Fathiah Helmi, SH, Notary in Jakarta, which was approved by the Minister of Law and Human Rights Number AHU - 293220.127.116.114 dated 14 October 2014 (Deed of Establishment of the Company No. 10/2014) a and the latest amendment to the Articles of Association with the Deed of Minutes of Extraordinary General Meeting of Shareholders No. 23 dated 8 June 2016 made before Fathiah Helmi, S.H., Notary in Jakarta.
During its journey, the development of production capacity owned by Waskita Precast is quite rapid. The company currently has a production capacity of 3.7 million tons / year, supported by 3 plants, 34 batching plants and 2 quarries.
With the company`s continuously growing performance, PT Waskita Beton Precast Tbk feels the need to expand its business to become a corporate company. This underlies the company to conduct an Initial Public Offering (IPO) on the Indonesia Stock Exchange on September 20 2016 by releasing 10.54 billion shares at an offering price of IDR 490 / share. Therefore, the Company obtained fresh funds from the IPO amounting to Rp 5.16 trillion, with underwriters PT Mandiri Sekuritas, PT Danareksa Sekuritas, PT Bahana Securities, and PT BNI Securities.
- 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