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PT Krakatau Steel is an Indonesian state-controlled company engaged in the steel industry. It is Indonesia's largest steel producer and produces various steel products, such as hot and cold rolled coils as well as wire rods.
|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|
|Major Shareholders (>5%)||Government of Indonesia (80.00%)|
|Key Subsidiaries||KHI Pipe Industries
Meratus Jaya Iron & Steel
Krakatau Daya Listrik
Stock Quote Krakatau Steel - KRAS:
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:
in million US dollar unless otherwise stated
¹ in US dollar
Source: Krakatau Steel, Annual Report 2016
Jalan Industri No. 5, PO. Box 14, Cilegon
Banten - 42435
Phone: +62 254 392 159
Fax: +62 254 372 246