In the era of 1960, President Soekarno launched Trikora Iron Steel Project as a foundation of firm ntional industries. Ten years ahead, on 31 August 1970, PT Krakatau Steel (Persero) was established by utilising materials of Trikora Iron Steel Project such as steel wire mill, steel bar mill and steel section mill plants. In 1977, President Suharto initiated the firt operation of the largest steel producer in Indonesia.
Krakatau Steel, the company engaging in the steel industry, has shown its significantdevelopment. In less than ten years, the company has added its production facilities such as Sponge Iron Plant, Steel Billet Plant, and Wire Rod Plant, as well as infrastructure facilities of electricity power and Water Treatment Plant, Cigading Special Port and telecommunication system. This development leads PT Krakatau Steel to become the only integrated steel company in Indonesia.
Furthermore, the company proceeds to expand its production of various steel products for numerous consumptions, such as hot and cold rolled coils as well as wire rods. At the moment, Krakatau Steel has a current production capacity for crude steel of 2.45 million tons per year to support its steel production. Together with its ten subsidiaries, Krakatau Steel has diversified ino supporting business which generate various high-added-value steel production (such as spiral and ERW pipes, steel bar and steel section), provides utility industry (water and electricity), infrastructure industry (port and industrial estate), EPC (Engineering Procurement and Construction) services, information technology and medical services (hospital). All products are aimed at fulfillingnational steel needs and also marketing worldwide.
Since early years, Krakatau Steel’s technical expertise has acknowledged pursuant to international standards. In fact, the company obtained the ASTM A252 and AWWA C200 in 1973, as well as API 5L for the production of spiral pipes in 1977. In 1993, PT Krakatau Steel (Persero) was awarded the ISO 9001 certifiction which had been upgraded to the ISO 9001:2000 in 2003. In 1997, SGS International awarded another ISO certifiction (the ISo 14001) for company’s commitment to environmental awareness and safety occupation.
on 10 November 2010, amidst volatile market conditions, PT Krakatau Steel (Persero) succeeded to become a Public Company by carrying out Initial Public Offering (IPO) and listed its stock on the Indonesia Stock Exchange. In 2011, PT Krakatau Steel (Persero) Tbk. booked its net revenue of Rp17.9 trillion and net income of Rp1.02 trillion. In the same year, the Company and its Subsidiaries with Rp21.5 trillion assets employed 8,023 people.