Waskita Beton Precast Aims For New Contract Values Of Up To IDR 3.8 Trillion In 2023

JAKARTA - PT Waskita Beton Precast Tbk (WSBP) targets the acquisition of a new contract value of IDR 3.8 trillion by the end of 2023. "WSBP is optimistic that the market expansion strategy can be implemented properly this year," said the Director of Engineering & Development WSBP, Bambang Dwi Wijayanto. As for the end of February 2023, WSBP managed to record a contract value of IDR 358 billion. The acquisition of the new contract consists of the PT Waskita Karya (Persero) Tbk (WSKT) Group project of 26 percent and external market projects of 74 percent. Larger portion of external projects in accordance with the marketing expansion strategy chosen by WSBP. WSKT and WSBP synergize in IKN infrastructure development such as the SP Toll Road Project. Tempadung - Balang Island Bridge and the building project of the Presidential Secretariat Building. In addition to IKN, WSKT and WSBP are also collaborating in the completion of the Pluit Muara Baru stage 4 coastal safety project, and several other projects. Meanwhile, for that The portion of external market projects (BUMN, government, and private sector) of several projects obtained by WSBP include the supply of readymix IKN Segment SP Toll Projects. Tempadung - Balang Island Bridge, orders from the Bali International Hospital Pile Project, Full Slab Lotte Line Project orders, orders from Mortar Foam Project Pembangunan Fly Over Sekip Ujung Palembang, and other projects. As is known, several precast concrete products such as pile, full slab, and girder are still the mainstay of WSBP for Increasing sales. WSBP always opens opportunities to collaborate with state-owned and private companies to get market opportunities outside the WSKT group. WSBP management projects that the achievement of new contract value will increase significantly in Quarter II and Quarter IV. "Currently, many projects are still in the procurement tender process. Until now, WSBP is participating in project tenders and procurement with a value of IDR 2.9 trillion," Bambang continued. Furthermore, Bambang also explained that WSBP has minimum profit margin criteria for contracts from each line of business. Corporately, the gross profit margin target is around 12 to 15 percent supported by precast manufacturing lines, readymix, and construction services," concluded Bambang.