Brief Background

gedungks.jpgFirst established as the Trikora Iron Steel Project by President Soekarno, PT Krakatau Steel which constructed at 1970 has grown to be the largest steel producer in Indonesia. Within 10 years of its establishment, Krakatau Steel has shown a significant progress with the addition of a number of production facilities such as Sponge Iron Plant, Steel Billet Plant, Wire Rod Plant, as well as the supporting infrastructure including power plant generator, water treatment plant, ports and telecommunication system. Since then, Krakatau Steel has been known as the prominent steel producer in Indonesia. Infrastructure readiness has made Krakatau Steel as an integrated steel industry, which does not only supplying steel products, but also supporting the growth of national industry.

With proper technical and managerial capabilities, PT Krakatau Steel (Persero) has been awarded the ISO 9001 and ISO 14001 Certification. In 1973, the Company produced for the first time spiral pipes with ASTM A252 and AWWA C200 specifications. Since 1977, the Company has acquired the API 5L Certification and since 2009 acquired the BC 1 Certification, which is a Building and Construction Authority Standard issued by the Republic of Singapore.

Recognizing the Company’s commitment for Occupational Health, Safety and Environment, SGS International awarded the ISO 14001 Certification in 1997. Prior to this, the Company acquired the ISO 9001 Certification in 1993, which has been renewed through the ISO 9001:2000 Certification in 2003. This was renewed again to ISO 9001:2008 by SUCOFINDO in 2010. The ISO 17025 consist of the Calibration Laboratory Certification, the Chemical and Mechanical Laboratory Certification, and the Environmental Laboratory Certification that are accredited by the National Accreditation Committee (KAN). The Company has also acquired the JIS Marking Approval for its HRC products since 1991, and CRC and WR products since 1993. The Company has also implemented the National Product Standard (SNI)through the required SNI in 2011 for HRC and in 2012 for CRC. For security, the Company has also acquired the SMP Certification issued by the Head of the Indonesian Police (KAPOLRI) through the implementation of Perkap 24/2007 in 2012. These achievements exemplified the Company’s commitment on international quality standards. Krakatau Steel launched its Initial Public Offering (IPO) on November 10th 2010 and since then, the Company’s stock, known as KRAS, has been listed on the Indonesian Stock Exchange.

With a production capacity of 3.15 million tons per year, Krakatau Steel produced a number of major products such as Hot Rolled Coil, Cold Rolled Coil, and Wire Rod. Through its subsidiaries, the Company produces steel products with specific requirements, including Spiral Pipe, Electrical Resistance Welding Pipe, Reinforcing Bars and Section Steel.

With its capacity in producing steel products with specific requirements, particularly in supporting national defense infrastructure, the Company is known as a strategic industry in Indonesia. Currently, the Company has been targeting its production capacity to 4.65 million ton in 2017. This step is implemented by increasing the production capacity of Hot Rolled Coil to 1.5 million tons. In addition to holding the domestic market, the Company also relies on the export of steel products to increase its sales volume.