PT. Wijaya Karya (Persero) Tbk

WIKA was formed by the nationalization process of a Dutch company named, Naamloze Vennotschap Technische Handel Maatschappij en Bouwbedijf Vis en Co. or NV Vis en Co.Pursuant To Government Regulation No. 2 / 1960 and Minister of Public Works and Electric Power (PUTL) Decree No. 5 dated 11 March 1960, to be named Perusahaan Negara Bangunan Widjaja Karja. WIKA’s line of business at the time was electrical and water pipe installation works. In the early 1960s, WIKA took part in the construction project of Gelanggang Olah Raga Bung Karno in order of Games of the New Emerging Forces (GANEFO) and the 4th Asian Games providence in Jakarta.

Various improvements were made in overtime to keep growing, as well as WIKA dedication to contribute the development of our nation by providing construction services throughout the country.

The first significant growth was in 1972, when Perusahaan Negara Widjaja Karja was changed to PT Wijaya Karya. WIKA then expanded into a construction contractor by handling various important projects, such as installation of electricity grids at Asahan and the Jatiluhur irrigation project.

A decade later, in 1982, WIKA underwent expansion with the establishment of several new divisions, such as Construction Civil Division, Building Division, Housing Facilities Division, Concrete and Metal Products Division, Industrial Construction Division, Energy Division, and Commerce Division. Many projects being handled at the time, among others the LIPI Building, Bukopin Building, and construction and Irrigation Project. Moreover, with the progressive growth of its subsidiaries in the construction industrial sector, WIKA has transformed into an integrated and synergetic infrastructure company.

WIKA’s personnel expertise in construction industry have pushed the Company to further explore in various business areas by establishing a number of its subsidiaries to become independent as business ventures that specializes in creating their own respective products. In 1997, WIKA establish its first subsidiary company, named PT Wijaya Karya Beton, a reflection of how fast the Concrete Division growing in WIKA at the time.

PT Wijaya Karya Beton's activity at the time, among others, is the rail tracks provision for the Manggarai double-track lane construction in Jakarta, Grati Gas and Steam Power Station (PLTGU) construction and also Barelang cable-stayed bridge in Batam. The establishment of PT Wijaya Karya Realty in the year 2000 as expansion of the Realty Division was follows PT Wijaya Karya Beton steps. Subsequently at the same year, PT Wijaya Karya Intrade was also established as the expansion of the Industrial and Commercial Division.

The more a company expanded, the higher level of public trust to the company’s capablility. These reflect on WIKA’S achievement on committing to Initial Public Offering (IPO) on October 27th, 2007 in Indonesia Stock Exchange (IDX). In that occasion, WIKA release 28,64 percent shares to the public, thereby Indonesian Government hold 68,42 percent shares, and the rest is owned by the public includes WIKA employees through Employee/Management Stock Option Program (E/MSOP), and Employee Stock Allocation (ESA).

In the mean time, expansions of division action to be independent subsidiaries are continuing. WIKA established PT Wijaya Karya Gedung on 2008 as subsidiaries that specialize on high-rise building development business. WIKA also acquired 70,08 percent of PT Catur Insani Pertiwi shares that specialized on mechanical-electrical business, afterward PT Catur Insani Pertiwi’s company name was changed to PT Wijaya Karya Insan Pertiwi. Along with PT Jasa Sarana and RMI[HR1]  established PT Wijaya Karya Jabar Power that specialized on Geothermal Power Plant development.

WIKA along with other companies are successfully completed Suramadu Bridge in mid 2009, a prestigious project which connect Java Island and Madura Island. At the present, many people are experience the benefit of the project.

Entering 2010, WIKA face business environment transformation with a grater challenge. For that, WIKA has setting up the brand new Company’s Vision, which is 2020 VISION to be one of the EPC Company and the best Integrated Investment in Southeast Asia. This vision was believed to give directions to all WIKA’s ranks to achieve optimal, healthy and sustainability growth.

Throughout 2012, WIKA was success to complete many power plant projects, such as, 60MW Borang Gas Power Plant, 21MW Rengat Gas Engine Power Plant, 34MW Ambon Diesel Power Plant.

There are more development happened on 2013, such as, established a joint venture PT Prima Terminal Petikemas together with PT Pelindo I (Persero) and PT Hutama Karya (Persero), acquired PT Sarana Karya (Persero) shares was owned by Indonesian Government, established new joint venture, PT WIKA Kobe and PT WIKA Krakatau Beton through WIKA Beton subsidiaries, and had done shares buyback for 6.018.500 shares with the average price Rp. 1.706,77,-.