Profile

Industry Sector Basic Industry and Chemicals
Industry Sub Sector Metal and Allied Products
Established 27 October 1971
Listed 10 November 2010
Listed Company Code KRAS
Listed Shares 15,775,000,000
Dividend Yes
Major Shareholders (>5%) Government of Indonesia (80.00%)
Key Subsidiaries KHI Pipe Industries
Krakatau Wajatama
Meratus Jaya Iron & Steel
Krakatau Daya Listrik

Stock Quote Krakatau Steel - KRAS:

Business Summary

Currently, Krakatau Steel’s production capacity of crude steel is 2.45 million tons per year. Through its ten subsidiaries, the company has a diversified business empire, which include high-added-value steel production (spiral and ERW pipes, steel bars and steel sections), utility industry (water and electricity), infrastructure industry (port and industrial estate), EPC (Engineering Procurement and Construction) services, information technology and medical services (hospital). The company produces products for both the domestic and the international market.

On 10 November 2010, Krakatau Steel listed 20 percent of its shares on the Indonesia Stock Exchange (IDX) through an initial public offering (IPO).

Krakatau-Posco Steel Plant

In October 2010, the construction of the Krakatau-Posco steel plant was started. This plant, that is expected to produce three million tons of steel per year, is established as a joint venture between Krakatau Steel and Posco (the world's third-largest steelmaker, based in South Korea) and is located in Cilegon (Banten). The first phase will be completed by the end of 2013. Construction of the plant should be completed in 2013, while production is projected to start in 2014. Posco controls a 70 percent stake in this joint venture.

The second phase of the production will enlarge production capacity by another three million metric tons of steel (thus total production will become six million metric tons per year). The second phase of the project will begin at the end of 2015. Total investment amounts to USD $6 billion.

Krakatau Steel's Financial Highlights:

     2010    2011    2012    2013    2014    2015    2016
Net Revenues
1,641.3 2,032.9 2,287.4 2,084.4 1,868.8 1,321.8 1,344.7
Gross Profit
(loss)
  281.4   158.1   122.4    95.6    41.3   (36.4)   155.2
Net Income   140.4   151.2   (20.4)   (14.0)  (147.1)  (320.0)  (171.7)
Operating Profit   147.1   114.2    15.9    (1.1)   (70.9)  (183.5)     4.4
Profit before
Tax (loss)
  172.8   162.0   (15.5)   (14.7)  (190.1)  (333.3)  (195.1)
Total Assets 1.935.0 2.398.1 2.562.0 2,383.2 2,604.4 3,702.1 3,936.7
Total Liabilities   905.2 1.227.5 1.446.0 1,336.2 1,718.4 1,914.0 2,097.0
Earnings
per Share¹
 0,0089  0,0096 (0,0013) (0,0009) (0,0095) (0,0189) (0,0100

in million US dollar unless otherwise stated
¹ in US dollar
Source: Krakatau Steel, Annual Report 2016

Location

Contact Details

Jalan Industri No. 5, PO. Box 14, Cilegon
Banten - 42435
Phone: +62 254 392 159
Fax: +62 254 372 246
Email: corsec@krakatausteel.com
www.krakatausteel.com