The development of business environment and advance technology occuring
very rapidly over the past decade and had resulted in tougher business
competition. This condition requires a great deal of readiness from a
corporation to avoid being swept away as result of the occuring changes.
As a dynamic company, Waskita always ready to adapt to its surrounding
from time to time. In respond to the occurring changes in today's
business world, our commitment, ``Change for the better``, has adhered
in the inner self of every human being in Waskita. Waskita Karya WSKT
Established in January 1, 1961 Waskita Karya is one of leading state companies in Indonesia which plays a major role in the development of the country. Originated from a Dutch company named "Volker Aannemings Maatschappij N.V.", which was expropriated under the Government's Decree No.62/1961, Waskita Karya was initialy paticipated in the water related developments including reclamation, dredging, harbor and irrigation.
Eversince 1973, however, legal status of Waskita Karya's has changed to "Persero" PT. Waskita Karya, with a more familliar summon "Waskita". From then on, the company started to expand its business as general contractor engaging in a wider range of construction activities including highways, bridges, ports, airports, buildings, sewerage plants, cement plants, factories and other industrial facilities.
In 1980, Waskita started to undertake a wide variety of projects involving advanced technology. Transfer of technology was conducted through business alliances in the form of joint operations and joint venture with reputable foreign companies. Significant and outstanding accomplishments whice become national pride are Sukarno-Hatta Airport, Siwabessy Multipurpose Reactor, and Muara Karang Coal Fired Power Plant in Jakarta.
Entering year 1990, Waskita has completed numeruous high rise buildings with well earned reputation such as BNI City (the tallest building in Indonesia), Bank Indonesia Office Buildings, Graha Niaga Tower, Mandiri Plaza Tower, Shangri-La Hotel and several multi-storey apartment buildings in Jakarta and other cities in Indonesia.
Waskita has achieved distinguished performances in the construction of long span prestressed concrete bridge using free cantilever system by successfully completed three bridges: Raja Mandala, Rantau Berangin, and Barelang IV. Another major achievement using similar technology was acomplished in the construction of "Pasteur-Cikapayang-Surapati" elevated road and cable stayed bridge in Bandung. The same success story was also achieved in the construction of several major dams such as Pondok, Grogkak, Tilong, Gapit, and Sumi, whice were completed ahead of schedule with satisfying quality.
The effort in always prioritizing quality ahead of anything else has enabled Waskita in obtaining certification of ISO 9002:1994 in November 1995; whice became a convincing international recognition on the ISO Quality Management System implemented by the company and a starting point towards the era of global competition. In June 2003, Waskita has successfully updated its Quality Management System and was able to obtain certification of ISO 9001:2000. This becomes a strong indication on how the company understands and always tries to satisfy specific needs of its customer. Waskita Karya WKST
The Company acknowledges that the rules in the GCG
principles are established to balance out the interests of the Company
and the stakeholders. GCG Implementation that is line with the
prevailing rules is an effective solution for a number of parties.
In doing so, The Company's management is expected to become moer professional and civilized, as well as be able o prevent The Company from performing harmful actions.
In doing so, The Company's management is expected to become moer professional and civilized, as well as be able o prevent The Company from performing harmful actions.
In order to meet such purposes, The Company must realize its commitment to implement GCG in its environment.
The Commitment to implement GCG is not only to comply with the prevailing regulations, but also with the realization of the importance of GCG in establishing the integrity for a healty and sustainable business.
The Commitment to implement GCG is not only to comply with the prevailing regulations, but also with the realization of the importance of GCG in establishing the integrity for a healty and sustainable business.
The Company is committed to continuously implementing GCG. This commitment is supported by :
• Clear vision, mission and core values of The Company,
which is regulary evaluated by The Board of Commissioners and The Board
of Directors
• GCG Guidelines of The Company
• Guidelines and working regulation of The Board Commissioners, The Board of Directors, and Committees
• Code of Conduct Enforcement, to be consistently implemented and intensively pratice
• Strong internal control system
• Proporionate check and balance mechanism implementation
• Guidelines on transaction containing conflict of
interest, affiliate transaction and transaction with other related
praties
• Implementation or whistleblowing system
• Sustainable corporate social responsibility program
Assessment Implementation Procedure
The Measurement on the effectiveness of GCG Implementation
is highly important for all companies, including Waskita, in order to
maintain and improve governance implementation continuously. The Company
periodically performs assessment through independent consultant or an
assessment team appointed from The Company's internal division
(selfassessment). Both teams are appointed and thus have an authority to
ensure the independency of assessment process. The assessment is
performed using spesific method to identify and investigate any weakness
that requires follow-up.
The juridical basis and procedure of GCG assessment in The
Company refer to The State Minister of SOE Regulation Number
PER-09/MBU/2012 on The Amendment of State Minister of SOE Regulation
Number PER-01/MBU/2011 on The Implementation of Corporate Good
Governance in State-Owned Enterprises. Waskita Karya WSKT
Head Office
Jl. Letjen M.T. Haryono Kav. 10, RT 11 / RW 11,
Cawang, Kramat Jati, RT.11/RW.11, Cipinang Cempedak, Jatinegara,
Kota Jakarta Timur, Daerah Khusus Ibukota Jakarta 13340
Cawang, Kramat Jati, RT.11/RW.11, Cipinang Cempedak, Jatinegara,
Kota Jakarta Timur, Daerah Khusus Ibukota Jakarta 13340
Telephone : (021) 8508510 / 8508520
Facsimile : (021) 8508506
