Krakatau Steel forms construction supplies subholding

PT Krakatau Steel Tbk has established a subholding to improve its efficiency and competitiveness in the construction supplies segment. Established on Aug. 31, Krakatau Baja Konstruksi will manage four of the steelmaker’s subsidiaries: PT Krakatau Wajatama, PT KHI Pipe Industries, PT Krakatau National Resources and PT Krakatau Niaga Indonesia. Krakatau Steel president director Silmy Karim said the subholding, which specializes in steel supplies, is expected to optimize the company’s performance in several ways, including implementing efficiency measures, refining the business model and strengthening its market share in the downstream segment.

September 14 2021, The Jakarta Post - Read 51 times

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