For more than six decades, PT PP (Persero) Tbk has successfully become
one of the main players in national construction business through the
accomplishment of various big projects across Indonesia.
1953
PT PP (Persero) was established under the name of NV Pembangunan
Perumahan based on the Notarial Deed No. 48 of August 26, 1953. At the
time it was established PT PP (Persero) was estrusted to build houses
for the officers of PT Semen Gresik Tbk, a subsidiary of BAPINDO in
Gresik. Along with increased trust, PT PP (Persero) received the duty to
construct large projects that were related to war compensations the
Government of Japan paid to the Republic of Indonesia, namely : - Hotel
Indonesia, Bali Beach Hotel, - Ambarukmo Palace Hotel and - Samudera
Beach Hotel.
1961
Referring to the Government Regulation No.63 year 1961, NV Pembangunan
Perumahanwas transformed into PN (Perusahaan Negara) Pembangunan
Perumahan.
1962
Perusahaan Negara (PN) Pembangunan Perumahan has completed Hotel
Indonesia construction which consists of 14 floors and 427 rooms that
set a record as the highest building in Indonesia at that time.
1971
Referring to the Government Regulation No.39 year 1971, PN Pembangunan
Perumahan transformed its status into PT PP (Persero), enforced by Deeds
No. 78 dated March 15, 1971. The core business activity of the Company
is construction services.
1991 -2002
For more than five decades, PT PP (Persero) has become one of the main
players in national construction business. Several national mega
projects were managed and built by PT PP (Persero). In 1991, PT PP
(Persero) implemented business activity diversification namely property
and realty such as office space leasing at Plaza PP and realty business
development in Cibubur area. In addition, it also established
subsidiaries in cooperation with several domestic and international
partners namely PT PP-Taisei Indonesia Construction, PT Mitracipta
Polasarana and PT Citra Waspphutowa.
2004
PT PP (Persero) implemented EMBO (Employee Management Buy Out) program that is Republic of Indonesia’s Shares buyback by employees and management. Regarding this program, it is represented by PT PP Employees Shareholders Cooperative (KSPSPP). EMBO program implementation was authorized by the Government of the Republic of Indonesia referring to its regulation No. 64 year 2003 on Government of Republic of Indonesia Shares Offering to Perusahaan Perseroan (Persero) PT Pembangunan Perumahan as of December 31, 2003. The shares trading agreement was carried out between Government of Republic of Indonesia and KKPSPP under Notary on February 9, 2004. By implementing the EMBO program, the Company shares ownership changed to RI 51% and KKPSPP 49%.
PT PP (Persero) implemented EMBO (Employee Management Buy Out) program that is Republic of Indonesia’s Shares buyback by employees and management. Regarding this program, it is represented by PT PP Employees Shareholders Cooperative (KSPSPP). EMBO program implementation was authorized by the Government of the Republic of Indonesia referring to its regulation No. 64 year 2003 on Government of Republic of Indonesia Shares Offering to Perusahaan Perseroan (Persero) PT Pembangunan Perumahan as of December 31, 2003. The shares trading agreement was carried out between Government of Republic of Indonesia and KKPSPP under Notary on February 9, 2004. By implementing the EMBO program, the Company shares ownership changed to RI 51% and KKPSPP 49%.
2009
In this year, the Company conducted Initial Public Offering (IPO). This
program implementation had been approved by Government of Republic of
Indonesia referring to its Regulation No.76 year 2009 on Changes in
State Ownership Structure through issuance and offering to PT PP
(Persero) dated December 28, 2009.
2010
With new Regulation from the Government regarding the Changing of the
Ownership Structure of State's Shares, therefore on February 9, 2010 the
Company has fulfilled the listing requirement in PT Bursa Efek
Indonesia (BEI). Commencing from the abovementioned date, PT PP
(Persero) Tbk shares have officially been listed and could be traded in
Bursa Efek Indonesia (BEI).
2011
The Company succeeded in completing the first investment project, namely
Gas Power Plant (PLTG) with 65 megawatt power at Talang Duku, South
Sumatera. The project was inaugurated by Director of Perusahaan Listrik
Negara (PLN) in October 2011. It also contributed during the SEA Games
event in Palembang. Therefore the Company went back to business activity
diversification, namely Engineering, Procurement & Construction
(EPC) and Investment.
2012
The Company was mandated to execute several infrastructure projects in
Indonesia such as New Tanjung Priok with contract value of Rp 8.2
Billion. It was one of PT PP’s mega projects in 2012. In addition, the
Company handled seven airport constructions throughout 2012. The Company
conducted various corporate actions such as bond process at the end of
2012.
2013
To support business expansion in 2013, the Company took various
corporate actions financially and operationally such as sustainable
public bond offering, PT PP Dirganeka acquisition to PP Pracetak,
Property Division spin-off, 8 branches opening in Sulawesi, changes in
vision, mission and company culture and acquisition plan of PT Prima
Jasa Aldo Dua.
2014
Acquisition of PT Prima Jasa Aldo Dua to become PT PP Equipment.
Company’s preparation to perform corporate action through the
preparation of Sustainable Bonds Stage II.
2015
PT PP Properti Tbk listed initial public offering on May 19, 2015. This
marked the shares listing and trading of PT PP (Persero) Tbk's
subsidiary at Indonesia Stock Exchange. In addition, PT PP (Persero) Tbk
also issued bonds phase 2 valued Rp300 billion.
2016
Corporate Actions, Rp2.25 trillion Government Investment (PMN), and Spin
Off of 2 (two) Business Divisions into Subsidiaries, Energy Business
Division into PT PP Energi and Infrastructure Business Division into PT
PP Infrastruktur. PP PTPP
Vision
To be an excellent, synergized, and sustainable construction, EPC, and investment company in South East Asia region
Mission
- To provide construction, EPC, and investment services based on good corporate governance, QHSE management, risk management, and green concept
- To be highly competitive and provide optimal added value to our stakeholders by strategic synergy of business
- To develop excellent human resources through fulfillment, development, and assessment based on our corporate culture
- To optimize innovation, information technology, and knowledge management to achieve sustainable excellent performance
- To develop corporate strategy to increase company’s financial capacity PT PTPP
PP PTPP