Krakatau Steel

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PT Krakatau Steel (Persero) Tbk

Company type	State-owned
Traded as	IDX: KRAS
Industry	Steel manufacturing
Founded	August 31, 1970
Headquarters	Cilegon, Indonesia
Area served	Indonesia
Key people	Purwono Widodo (President Director), Tardi (Director of Finance & Risk Management) Djoko Muljono (Director of Production) Muhamad Akbar (Director of Commercial) Sriyani Puspa Kinasih (Director of Human Capital) Suhanto (President Commissioner) Isfan Fajar Satryo (Independent Commissioner) I Gusti Putu Suryawirawan (Commissioner) Yudha Mediawan (Commissioner) David Pajung (Commissioner) Tjuk Agus Minahasa (Independent Commissioner)
Products	Hot rolled coil cold rolled coil wire rod
Production output	3.15 Million Tons (2019)
Services	Production and sale of steel products
Revenue	USD166,7 million (tahun 2020)
Operating income	USD76 million (tahun 2020)
Net income	USD22,6 million (tahun 2020)
Total equity	80% Government of Indonesia, 20% Public
Owner	Government of Indonesia
Number of employees	3,479 (2019)
Subsidiaries	PT. KHI Pipe Industry PT. Krakatau Wajatama PT. Krakatau Engineering PT. Pelat Timah Nusantara PT. Krakatau Information Technology PT. Krakatau Tirta Industri PT. Krakatau Bandar Samudra PT. Krakatau National Resources PT. Meratus Jaya Iron & Steel
Website	www.krakatausteel.com

PT Krakatau Steel (Persero) Tbk (Krakatau Steel Company Limited) is the largest steel maker in Indonesia, headquartered in Cilegon, Banten.^[1] The factory is set on a 280-hectare (700-acre) plot in the western end of Banten and adjacent to the Sunda Strait, and where the Krakatoa volcano and island from which the company takes its name are located.

It is a state-owned enterprise^[2] which is engaged in steel production. The company, which operates in Cilegon, Banten, was originally formed as a manifestation of the Trikora Steel Project, which was initiated by President Sukarno in 1960 to have a steel plant capable of supporting the development of an independent, high value-added national industry and influencing national economic development. When it was formed on May 20, 1962, the company, which was formerly called the Cilegon Steel Mill, was officially established in cooperation with a Soviet all-union foreign trade organization. However, the occurrence of severe political and economic turmoil, resulting in factory construction had stopped. It was only before entering the early 1970s, the factory unit resumed construction and officially operated on August 31, 1970 under the name Krakatau Steel. During the company's first decade of existence, Krakatau Steel has made rapid moves in the construction of an integrated steel production operation area in Cilegon with various inaugural operational inaugurations that were witnessed and inaugurated directly by President Soeharto from the integrated water treatment center, Cigading port, Cilegon 400 MW power plant and steel plant integrated covering 4 main steel products.