Wijaya Karya Beton Acquired Batam Concrete Company

Wijaya Karya, Tbk (WIKA IJ) through its subsidiary, Wika Beton, Tbk (WTON IJ), has acquired 80% of Citra Lautan Teduh (CLT), a concrete company, for USD23.5Mn from Pumyang Construction Co Ltd. CLT is producing pre-stressed spun concrete pile and has a production capacity of 100k tons. Management has signed CSPA where WIKA will have 10% and WTON will have 70% of CLT shares. Meanwhile, throughout 1H14 WTON booked IDR1.678Trn of revenue (+13% YoY) and IDR172.4Bn of net income (+26.3% YoY).

Wika Beton Capital Expenditure Worth IDR470Bn

KRAS Supply Steel to Jakarta-Cikampek II Toll Roads

Discourse of Fuel Price Hike

Raise the Fuel Price to Help the Rupiah, will Trigger Inflation

Economic Stimulus Package Part III: Lower Solar, Gas, Electricity and Avtur Prices