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Press Release

Targets New Contract of Waskita Precast is IDR 5 Trillion in 2020

PT Waskita Beton Precast Tbk (Waskita Precast) held a Virtual Expose on Monday, 26 October 2020. The agenda for the Public Expose is the Second Quarterly Performance Exposure and 2020 Target. The event was attended by all levels of the Board of Directors of Waskita Precast.

On this occasion, the Board of Directors of Waskita Precast said that until the end of September 2020, the new contract value that had been obtained was IDR 1.49 trillion. Most of the new contracts came from external projects, including the Binjai Pangkalan Toll Road, the Padang - Sic Cincin Toll Road and the Prabumulih - Muara Enim Toll Road. The target value for new contracts in 2020 is IDR 5 trillion.

To achieve this target, Waskita Precast has several business strategies, namely:
1. Business expansion by expanding external markets and utilizing mass and modular products;
2. New product innovation;
3. Integrate and cluster business units; and
4. Carry out restructuring of banking facilities from both Bank Himbara and private banks.

"We will ensure the company`s sustainability with an emphasis on restructuring and organizational integration by prioritizing control and delegation of authority (decentralization)," Moch said. Cholis Prihanto, President Director of PT Waskita Beton Precast Tbk