Pupuk Kaltim Rai The Best State Owned Enterprise TOP BUMN Awards 2024

Photo: Doc. Pupuk Kaltim

PT Pupuk Kalimantan Timur (Pupuk Kaltim) won The Best State Owned Enterprise, as the best award in the 2024 BUMN Awards Indonesia TOP Business event. The award was received by SVP of the East Kalimantan Pupuk Financial Administration Budi Susilo, from the Director of Business. Indonesia Group Chamdan Purwoko in Jakarta, Wednesday 2 October.

This award is an appreciation for Pupuk Kaltim, who is considered successful in carrying out his role as a national business development agent. In addition to being a catalyst for social development, the role model of good corporate governance is amidst dynamic changes in the global business landscape.

Budi Susilo said that this award is a form of the company's commitment to continue to improve positive performance from year to year, especially running a productive business with good profitability, so that the existence of Pupuk Kaltim shows a positive contribution to the national economy.

"This award is a motivation for all Pupuk Kaltim people to continue to maximize their role in improving the company's performance, as well as providing the best service to customers to the community," said Budi Soesilo.

He explained, Pupuk Kaltim as part of the Pupuk Indonesia Group BUMN, continues to strive to increase productivity in achieving profitability to become the best petrochemical company in Indonesia. Where the profitability ratio can be seen from the net profit generated through the company's main activities, as well as the ability to obtain profits with their equity.

The superiority of Pupuk Kaltim's performance cannot be separated from the implementation of growth strategy which focuses on three main pillars. Among them are operational advantages and supply chains through energy efficiency and infrastructure optimization, excellence is diversified by developing businesses in the downstream sector of petrochemical and renewable energy, and market reach with increased domestic capacity and expansion in the global market.

This is also supported by three competitive advantages, so that Pupuk Kaltim is able to excel in achieving target realization. Namely, it has a reliable factory with low energy consumption, so that the production process is more efficient and competitive. Including good logistics and greenport facilities in creating efficiency in the production sector, so that the ratio per tonne of fertilizer and other products produced increases.

"This advantage is also supported by qualified human resources, consisting of the best professionals in the petrochemical industry, so that Pupuk Kaltim continues to be able to improve performance realization more optimally," Budi continued.

Carrying the theme Performance and Sustainability: Realizing the Ministry of SOEs as a Professional BUMN Trustee and Supervisor in Productivity and Profitability Aspects", TOP BUMN Awards 2024 is an appreciation for companies and SOE leaders with the best performance. Recipients are divided into three categories, namely Corporate, CEO and CFO. The award recipients in this event are considered based on the performance, ideas, innovation and business transformation of the company in the midst of a dynamic global and domestic economic situation.

Vice President Commissioner of Business Indonesia Group Budiarsa Sastrawinata, said that one of the assessment indicators is the Company's ability to be sustainable, in order to support the Ministry of SOEs as a coach and professional supervisor in terms of productivity and profitability. Mainly encouraging the company's performance so that it is able to contribute to the nation's development and economy.

"The Indonesian business is honored to acknowledge and appreciate the extraordinary achievements of SOEs, in an effort to lead to an integrated digital ecosystem. We believe that business sustainability is the key to long-term development and mutual welfare," said Budiarsa Sastrawinata.