Waskita Beton Gets New Contracts Worth IDR 1.15 Trillion as of September 2022

JAKARTA - PT Waskita Beton Precast Tbk as part of the Waskita Karya group, obtained a new contract worth IDR 1.15 trillion as of September 30, 2022.

"This gain comes from the Waskita Karya Group infrastructure project by 76 percent, while 24 percent comes from the SOE, government, and private markets", said Waskita Beton Precast (WSBP) Operations Director, Sugiharto, in the annual online public expose in Jakarta, quoted from Antara, Wednesday, October 5th.

During the first semester of this year, Waskita Beton Precast posted an operating income of IDR 744 billion, an 81 percent growth compared to the same period last year. This growth was supported by all of WSBP's business lines which recovered post-pandemic.

Currently, Waskita Beton Precast is working on various infrastructure projects, including the KamalTeluk Naga-Rajak-Balaraja Toll Road, Krian-Legundi-Bunder-Manyar (KLBM) Toll Road, and Savasa Residence. Then the Kayu Agung-Palembang-Betung (KAPB) Toll Road project, Section 1 Cibitung-Cilincing Toll Road, and Section 4 Tebing Tinggi-Seberlawan Toll Road.

Management is optimistic that Waskita Beton Precast has the potential for positive catalysts until 2023. This is supported by the increase in the infrastructure budget in the 2023 APBN which increased 7.75 percent to IDR 392 trillion, the Waskita Karya intra-Group synergy where Waskita Beton Precast supplies priority concrete for infrastructure projects undertaken by PT Waskita Karya (Persero) Tbk, particularly the PMN (State Capital Participation) project.

Then the increase in the retail market is projected to increase by more than 50 percent, especially in the ready-mix product segment, the market leader of the concrete industry where Waskita Beton Precast is still solid as one of the market leaders with a large production capacity.

Then the increase in market potential from BUMN and government projects is in line with the policy of increasing domestic content and the opportunity for infrastructure development projects in the National Capital City (IKN) of the Archipelago.