- Providing excellent & competitive products and services in EPI and fulfill the expectation of customers;
- Providing added value through business process which meets the requirements & expectation of the key stakeholders;
- Implementing best practices of Intergrated Management System & Technology to improve efficiency, quality, occupational health & safety which are environmentally sound;
- Continuously growing together with business partners;
- Enhancing the competences and welfare of the employees.
- Change is a necessity;
- The market is the foundation for the Company’s business development;
- Customer is the main factor in the Company’s success;
- Leadership encourages excellent performance;
- Competency is the main asset of the Company;
- Every activity conducted has to provide added values;
- Speed is very essential;
- Technology becomes the leverage for business development
PT Wijaya Karya Beton is the leading company engaging in the industry of precast concrete products in Indonesia. It initially operated as a division under the wings of PT Wijaya Karya (Persero) Tbk. (“PT WIKA (Persero) Tbk.”). The establishment of this division was begun by the production of electrical pre-stressed concrete, produced conventionally to meet the needs of State-Owned Public Utility Power Company Perusahaan Listrik Negara (PLN).
After its business grew significantly, the division separated itself from PT WIKA Tbk and established independently as a subsidiary of PT WIKA Tbk pursuant to the Deed of Establishment of Limited Liability Company “PT Wijaya Karya Beton” No. 44 dated March 11, 1997, prepared and presented before Achmad Bajumi, S.H., substitute of Imas Fatimah, S.H., Notary in Jakarta, juncto Deed of Contribution, Issuance, and Changes in the Articles of Association No. 39 dated November 19, 1997, prepared and presented before Imas Fatimah, S.H., Notary in Jakarta.
The Company’s Articles of Association had experienced several amendments, including an amendment to adjust to the Act of Limited Liability Company as stipulated in the Deed No. 67/2008. The last revision was in 2013 with the preparation of the Deed of Decision of Shareholders in lieu of Meeting No. 57 dated August 23, 2013, prepared and presented before Sri Ismiyati, S.H., Notary in North Jakarta, which amended the Article 3 paragraph 3 on Business Intent and Purpose (Deed No. 57/2013).
Expansion, Intensification, Innovation, and Trust
The Company owns a relatively large market share with eight factories, six sales areas, and two sales representative offices, spread across Indonesia. All the factories and sales areas synergize thoroughly in order to ensure the satisfaction of customers through the right quality and specification of products, timeliness, and competitive price.
The Company constantly expands and intensifies its business, including establishing joint venture (JV) and building factories as well as quarries. The joint ventures that had been established were named PT Wijaya Karya Komponen Beton (PT WIKA Kobe), in cooperation with PT Komponindo Betonjaya (Kobe) which is the subsidiary of PT Mitsubishi Construction Co. Ltd. from Tokyo, Japan, and PT Wijaya Karya Krakatau Beton, in cooperation with PT Krakatau Engineering and PT Wijaya Karya (Persero) Tbk.
In order to develop the potential of available resources, the Company also implements several innovations for the purpose of anticipating any form of challenge and business opportunities, in line with its motto “Innovation and Trust”. In the effort of realizing the vision, namely “To be The Foremost Company in the Industry of Precast Concrete Products”, the Company always strives to maintain its reputation and stakeholders trusts in the spirit of togetherness. This effort is realized in the Company’s mission, values, and paradigms. These are the secrets of development and growth of the Company that have become the trigger for a continuous transformation to provide the largest benefit for all stakeholders.
Listed on Stock Exchange
PT WIKA Beton has successfully listed its shares on Indonesia Stock Exchange (IDX) on April 8, 2014. The shares of the Company (with the code of “WTON”) were officially launched in Indonesia Stock Exchange (IDX) on April 8, 2014. In its initial trade, WTON shares were opened on the level of Rp730 or increased around 50% from its Initial Public Offering (IPO) amounted at Rp590. From all the proceeds of the IPO, the Company allocated around 85% for its business expansion, such as the development of precast concrete in Lampung, Cilegon, and Makassar. The remaining 15% are used to increase the capital.
Following the public offering, the Company will distribute the cash dividends to shareholders as much as 30% from the resulting net profit. The distribution was begun in 2014 (based on the prevailing tax regulations). Whereas in 2013, the amount of dividend to be paid was Rp20 billion.
The Vision, Mission, Motto, Values, and Paradigm of the Company
The Vision, Mission, Motto, Values, and Paradigm of the Company have been approved by the Board of Commissioners and Board of Directors in accordance with the development of construction business that constantly changes and is full of challenges. The approval is composed in the Decision Letter of Board of Directors Number SK.01.01/WB-0A.110/2005 dated December 26, 2005 regarding the Vision, Mission, Motto, Values, and Paradigm of the Company, as well as the Decision Letter of Board of Directors Number SK.01.01/WB-0A.153/2010 regarding the Extension of Vision, Mission, Motto, Values, and Paradigm of the Company.