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Krakatau-Steel

Krakatau Steel sees 91% revenue rise in first half of 2021
Business 4 years ago

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Krakatau Steel sees 91% revenue rise in first half of 2021

The state-owned steelmaker reported a 90.9 percent increase in revenue in the first half of 2021 following cost-cutting measures as well as increased sales volume amid rising global demand and prices.
Krakatau Steel to build 40 MW floating solar power station
Business 4 years ago

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Krakatau Steel to build 40 MW floating solar power station

The state-owned steelmaker is partnering with France's Akuo Energy to develop the plant for internal use.
Garuda, Krakatau Steel receive state injections through MCB issuances
Business 5 years ago

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Garuda, Krakatau Steel receive state injections through MCB issuances

The MCB scheme channeled to both companies is part of the government’s Rp 695.2 trillion national economic recovery (PEN) program.
Krakatau Steel to issue Rp 3 trillion convertible bond
Business 5 years ago

Krakatau Steel to issue Rp 3 trillion convertible bond

State-owned steelmaker Krakatau Steel is set to issue a Rp 3 trillion (US$212.4 million) mandatory convertible bond (MCB) as a vehicle for a state capital injection to weather the economic crisis.
House approves $10.32b stimulus for state companies
Business 5 years ago

House approves $10.32b stimulus for state companies

The funds, which are lower than the government’s initial projection of Rp 152 trillion, will be disbursed to 16 state-owned firms.
Pertamina enlists Krakatau Steel as supplier for Rokan Block
Business 5 years ago

Pertamina enlists Krakatau Steel as supplier for Rokan Block

State-owned energy giant Pertamina has enlisted fellow state-owned company Krakatau Steel to supply metal sheet coils for the former’s project in the Rokan oil and gas block in Riau.
SOEs in dark over fundraising despite government guarantees
Business 5 years ago

SOEs in dark over fundraising despite government guarantees

The state will grant investment guarantees to several state-owned companies, including Garuda Indonesia and Krakatau Steel.
Krakatau Steel books first profit in eight years
Business 5 years ago

Krakatau Steel books first profit in eight years

The company booked US$74.1 million in profit in the first quarter this year, a major switch from the $62.3 million loss it suffered in the same period last year, as its cost of revenue and administrative expenses dropped 39.8 percent and 41.5 percent respectively.
Steel industry sees severe drop in demand amid pandemic
Business 5 years ago

Steel industry sees severe drop in demand amid pandemic

Steelmakers are facing severe blows to their business with demand during the COVID-19 pandemic having decreased by 90 percent from normal times.
Experts demand transparency, supervision of SOEs recovery program
Business 5 years ago

Experts demand transparency, supervision of SOEs recovery program

The government has allocated Rp 318.09 trillion (US$21.28 billion) for the national economic recovery program. Of this sum, more than Rp 152 trillion is allocated for SOEs.
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