PT Bakrie & Brothers Tbk ("BNBR" or "Company" or "Company") was
founded in 1942 by the late H. Achmad Bakrie (1914-1997). The Company’s
journey begins with the story of a simple commercial business which then
develops, and after continuing to grow for more than 75 years, is now
engaged in the business of investment and / or divestment; carved out
various achievements and led the Company to become one of the leading
corporations in Indonesia.
The Company listed on the Jakarta Stock Exchange (now the Indonesia
Stock Exchange) in 1989. BNBR’s investment portfolio approach is in
mastering potential businesses, developing long-term business synergies,
and designing and implementing value creation strategies.
In this new millennium, BNBR’s business activities have expanded to
include general trading, construction services, agribusiness, coal
mining, oil & gas, and telecommunications; while continuing to
develop manufacturing that had begun in the 1950s such as steel pipes,
building materials, and automotive components. The Company also
participates in strategic infrastructure development efforts in the
energy and transportation sectors. This business diversification has
opened up opportunities for the Company to contribute to national
development.
In 2014, through its subsidiaries and affiliated companies, the Company
has established a business strategy and focus on the manufacturing
industry, infrastructure development, and investment portfolio as the
main pillars of its business. This strategy is an appropriate step to
strengthen businesses and obtain sustainable income, while responding to
opportunities that are wide open and in line with national development
plans that focus on infrastructure development.
BNBR stands on a solid and noble foundation, develops to form a strong
investment base and creates sustainable value as one of the leading
corporations in Indonesia. BNBR aspires to continue to be a business
entity that can always support employees with the wider community,
provide more value for shareholders and stakeholders, and actively
participate in the development of the Indonesian economy.
1942-1962
Established as a general trading & distributor company.
PioneeredIndonesia’s Steel Pipe Manufacturing Industry.
1986-1989
Acquired PT Bakrie Sumatera Plantations (“UNSP”).
Initial Public Offering (IPO) of BNBR.
1990-1996
Founded PT Bakrieland Development (“ELTY”).
Licensed to operate fixed wireless telecommunication services.
Initial Public Offering (IPO) of UNSP.
1997-2001
PT Bakrie Capital Indonesia acquired 58.1% shares of BUMI.
Founded PT Energi Mega Persada (“ENRG”).
PT Bumi Resources (“BUMI”) acquired 80% shares of PT Arutmin Indonesia.
2002-2003
BUMI acquired additional 20% shares of PT Arutmin Indonesia.
BUMI acquired 100% ownership of PT Kaltim Prima Coal (“KPC”) at US$500 million.
2004-2006
PT Bakrie Telecom (“BTEL”) conducted IPO and obtained national operation license.
ENRG bought 100% shares of BP.
BTEL launched CDMA based telecommunication service.
2007-2008
BUMI acquired 44% shares of DEWA at US$218 million.
BUMI acquired Herald Resources, valued at US$547 million.
BNBR acquired ELTY, ENRG, & BUMI, at US$4.4 billion.
BTEL initiated national expansion worth US$72 million
UNSP expanded its and to 107,000 ha valued at US$110 million.
ELTY purchased 75.04% shares of Alberta Utilities at US$2 milion.
2009
BUMI acquired 76.8% of PT Fajar Bumi Sakti, valued at US$222 million.
ENRG signed agreement to purchase 10% stake in Masela PSC Block, valued at US$90 million.
BUMI acquired 84% of Pendopo Energi Batubara, valued at US$117 million.
2010
ELTY acquired 51% shares of PT Bukit Jonggol Asri at US$111 million and 20% shares of PT Bukit Sentul at US$17 million.
BUMI acquired 24% shares of PT Newmont Nusa Tenggara at US$225 million.
ELTY acquired Lido Lake Resort (99.99% of ownership) at US$39 million.
Founded Bakrie Connectivity data services.
Signed an SPA agreement with Vallar, UK worth US$844 million.
2011
Bakrie group established strategic partnership with BORN and decreased debts by US$1 billion.
ENRG acquired Offshore North West Java block at US$212 million.
BNBR completed revitalization process, including the quasi reorganization.
2012
BNBR completed transaction of divestment upon some ownership in Bumi plc.
Signed of Assets Purchase of KG- Technology by PT Bakrie Tosanjaya (BTJ).
Signed Gas Transportation Agreement (GTA) for Kepodang- Tambak Lorok section.
2013-2014
PT Bakrie Pipe Industries (BPI) awarded with significant pipe supply contract by Pertagas and Pertamina EP.
Phase 1 of Kalija infrastructure project initiated.
BTJ changed its name to PT Bakrie Autoparts (BA).
2015
PT Kalimantan Jawa Gas (“KJG”) started coating its pipes.
Preparation stage of Tanjung Jati A power plant project is approaching completion.
Official Inauguration of PT. Bakrie Pipe Industries’ coating plant.
Kalija Phase 1 Infrastructure Project started its gas transportation.
Visit from the Ministry of Public Work and Housing for CCTW Project groundbreaking.
2016-2017
First phase of Kalija project has fully operated. Gas transportation carried out according to GTA.
Cimanggis-CibitungTollways Project continues land acquisition process as well as phase 1 construction.
2018
Debt restructuring to creditors through non-preemptive rights
Signing a memorandum of understanding with BYD Auto China for the development of the electric vehicle industry in Indonesia.
Signing memorandum of understanding with China Railway International Group.
The late H. Achmad Bakrie established his business with noble goals to contribute in building the nation. This aligned with his basic philosophy which believes that "every profit generated by Bakrie should bring benefit for many people". This principle is continuously adopted and passed on to the successor generations of H. Achmad Bakrie.
The philosophy of bringing benefit for many people was pointed in three key words: "Bakrie", "Benefit" and "People", and was transformed into the theme of "Bakrie Untuk Negeri" which later became the core philosophy of the Bakrie Group, and is embodied in Gerakan Bakrie Untuk Negeri.
Bakrie Untuk Negeri is a spirit or faith of all Bakrie people, including PT Bakrie & Brothers Tbk to always provide the best, to achieve excellent performance, accordingly to the noble goals of the Company to became part of the Nations components in promoting a prosperous society.
Vision
To become a leading Investment Company and a proxy of the Indonesian economy.
Mission
To maximize shareholder value through profitable investment activities and enhancement of core portfolio's value. Bakrie & Brothers BNBR
Autoparts Industry
PT Bakrie Autoparts
COMPANY HISTORY
PT Bakrie
Autoparts (BA) was established in 1975 under the name PT Bakrie
Tubemakers which produced malleable pipe; the Company then changed its
name to PT Bakrie Tosanjaya (BTJ). In 1983 BTJ expand its capacity by
producing automotive component for vehicle and heavy duty equipment. The
Company continuously enhance its production expertise and capacity,
succeeding in achieving partnership with global player in automotive
industry and started its export to several overseas market in 2003. In
2014 BTJ transformed to become an integrated manufacturer of auto
component as PT Bakrie Autoparts.
EXPERTISE
Automotive Component Producer
• Ferrous foundry.
• Precision machining.
• Grey iron and steel casting
•
Pattern making. Products ranging from fly wheel and brake drum to
knuckle and manifold. BA is also able to produce non-automotive
component such as pump housing, dies stamping and baking wheel.
CAPACITY
Foundry
• Output of 365 mould per hour.
• Total furnace capacity approximately 50 ton
Machining
• Output of 200,000 pieces per month.
• Vertical and horizontal CNC lathe.
• Vertical and horizontal CNC machining center.
• Angular CNC cylindrical grinding.
Other
• Quality control laboratory.
• Engineering facilities.
• Four plant facilities with total working area of over 4 Ha.CERTIFICATION AND AWARDS
Certification: ISO 9001:2008, ISOTS 16949:2009, ISO 14001: 2004, OHSAS 18001:2007. Awards: Best Quality Achievement 2014 from Hino, Isuzu Award 2014, etc.
KEY CLIENTS
Automotive:
- Mitsubishi, Isuzu, Hino, Daihatsu, Suzuki, Yamaha, Honda, ASTRA Otoparts, etc.
- Komatsu, Yanmar, Caterpillar, etc.
Building Materials Industry
PT Bakrie Building Industries
COMPANY HISTORY
Established
as a Joint Venture with an Australian company in 1976, PT Bakrie
Building Industries (BBI) is currently one of the pioneers of building
materials manufacturers in Indonesia which delivers Total Building
Solution for domestic and international market. Today BBI is well known
as producer of high quality building materials such as fiber cement
roofing, ceiling and partition, as well as wood substitution products.
Supported by experts in building material industry and a vast network of
80 loyal distributors, BBI is set to be a forefront solution company in
innovation, energy efficiency and environmental protection.
EXPERTISE
Total Building Solution
• Roofing (Harflex): fiber cement based product with various sizes and shapes ie. Harflex Mini, Harflex Super, Harflex Genteng and Harflex Sirap.
• Ceiling and Partition (Versa Board): calcium silicate panel with various sizes and thickness, manufactured with autoclave process.
• Mortar (Versa Mortar): instant mortar with strong adhesive power.
• Flooring, Fascia and Siding (Versa Wood): Flooring, Fascia and Siding (Versa Wood): wood substitution solution used for floor, siding, eaves fascia, fence and other wood applications. Made from a mixture of cement, silica and imported cellulose fiber; suitable for various interior or exterior building needs and available in various size, thickness and pattern.
• Prefab House (BBI Prefab): pre-fabricated house solution with the concept of modular growing house.
Trading and Distribution
BBI
subsidiary, PT Bangun Bantala Indonesia, performs trading, distribution
and construction activities of high quality building material products
from Japan and Southeast Asia, with products ranging from gypsum,
roofing, Autoclaved Aerated Concrete (AAC), electrical lightings, to
prefab bathroom.
CAPACITY
Building Materials Manufacturing
• 350,000 ton per annum.
• 7 sheet machines unit with producing capacity of various sizes and thickness.
• Plant area of 15 hectares.
• Quality control laboratory.
• Autoclave curing system.CERTIFICATIONS AND AWARDS
Certification: ISO 9001:2008, ISO 14001:2004, OHSAS 18001:2007, Standar Nasional Indonesia (SNI), Green Listing Indonesia. Awards: Top Brand 2015.
KEY CLIENTS
More than 80 distributors and 12,000 loyal retailers throughout Indonesia and project channels with major developers, contractors and applicators. Bakrie & Brothers BNBR
Infrastructure Projects
PT Bakrie Indo Infrastructure
COMPANY HISTORY
Bakrie Indo
Infrastructure (BIIN), a wholly owned subsidiary of Bakrie &
Brothers, was established in 2008 as the development of Infrastructure
Division. As a holding company with diverse infrastructure assets in
Indonesia, BIIN capitalizes on its vast infrastructure experience and
regional expertise. Its objective is to invest in lucrative, high-growth
toll road, power, oil & gas, port, and telecommunication
infrastructure projects. The current Government of Indonesia plans to
spend up to USD408 billion in the next four years on infrastructure
projects. As a result, BIIN presents a compelling and unique opportunity
to invest in Indonesia’s burgeoning economy across a diverse array of
infrastructure projects.
EXPERTISE
BIIN is
the focal point of the Bakrie Group’s investments in Indonesia’s fast
growing infrastructure sector. The Company will develop, own and operate
some of the most attractive infrastructure projects in Indonesia. With
its diversified asset portfolio and strong project pipeline, BIIN is
positioned to capitalize on the critical need for infrastructure
development in Indonesia. As a result, BIIN will deliver strong
financial performance and returns generated from near-term projects.
BIIN’s near term projects target Indonesia’s development areas of
greatest need: toll roads, power, oil & gas, port and
telecommunication.
CAPACITY
Through its subsidiaries BIIN is set to develop, own and operate diversified project portfolio: Power Plant
- PT Bakrie Power (BIIN ownership: 99.9%) Oil & Gas Infrastructure
- PT Bakrie Oil & Gas Infrastructure (BIIN ownership: 99.9%) Toll Road
- PT Bakrie Toll Indonesia (BIIN ownership: 99.9%) Port
- PT Bakrie Port Indonesia (BIIN ownership: 99.5%) Telco Infrastructure
- PT Bakrie Telco Infrastructure (BIIN ownership: 99.5%)
CURRENT KEY PROJECTS
Tanjung Jati A Power Plant
- 2x660 MW coal fired power plant in West Java.
- Kalija Gas PipelinePhase 1: stretches 200 km from offshore North Java to Tambak Lorok Power plant in Semarang, Central Java. Transporting natural gas 116 mmscfd PCML (shipper) to PLN (buyer).
- Phase 2: stretches 1,200 km from offshore East Kalimantan to Semarang Region, Central Java. Transporting natural gas up to 1,000 mmscfd via open access pipeline.
Cimanggis-Cibitung Toll Road
- Part of Jakarta Outer Ring Road Network (JORR II). Spans 26.4 km in West Java through four separate administrative regions: City of Depok, City of Bekasi, Regency of Bekasi and Regency of Bogor.
Investments
Mining
PT Bumi Resources Tbk (Bumi) went public on Jakarta Stock Exchange and Surabaya Stock Exchange (now the Indonesia Stock Exchange) in 1990. The Company resolved to transform its core business from hotel and tourism to oil, natural gas and mining at EGMS August 13, 1998. Bumi acquired Gallo Oil (Jersey) Ltd. in 2000, Arutmin Indonesia in 2001, and PT Kaltim Prima Coal (KPC) in 2003. In 2000, Bumi changed its name from PT Bumi Modern Tbk to PT Bumi Resources Tbk. KPC and Arutmin together owned a considerable market share of Indonesia coal export. KPC mining is one of the biggest coal export mining in the world. Bumi plans to diversify its business portfolios and income by entering mining areas such as copper, gold, iron ore and coal bed methane. This is reflected in Bumi’s achievement in acquiring an Australian company, Herald Resources Ltd in 2008 which was operating Dairi Project in North Sumatera – a zinc and lead mining. Bakrie & Brothers BNBRMetal Industry
PT Bakrie Metal Industries
COMPANY HISTORY
Bakrie Metal
Industries (BMI) started its steel pipe manufacturing business in 1959
under the name “Talang Tirta”, it originally produces conduit pipe for
general use. In 1984 the company expand its business to fabrication
service, which specialty is in corrugated steel and bridge. In 1985 BMI
established its EPC business with the operation of its heavy industrial
steel fabrication facility in Sumunraja, Banten. Today BMI is well known
for its high quality steel pipes (oil & gas and general purposes)
and nation wide acclaimed EPC and fabrication expertise.
EXPERTISE
Pipe Manufacturing
- High Frequency Electric Resistance Welding Pipes with diameter range of 0.5-24 inch and thickness range of 1.5mm – 15.9mm.
- Longitudinal Submerged Arc Welding (SAW) pipe with diameter from 24” up to 48”, wall thickness up to 32 mm and length 12.2 m maximum. EPC Service
- Heavy industrial steel fabrication and construction for various industries: oil & gas, metal, mining, power, etc. Fabrication Service
- Civil steel structures and corrugated metal, with extensive experience in steel bridge manufacturing.
CAPACITY
Pipe Manufacturing
- 200,000 tons per annum for pipes up to 24” diameter.
- Galvanize facilities with capacity of 15,000 tons per annum for pipes up to 6 m length.
- Quality control laboratorium. EPC Service
- Total plant area of 17.4 ha which includes 33,771 sqm of construction area and direct access to sea.
- Fabrication capacity approx. 20,000 tons and 2.5 million man-hours per annum. Fabrication Servic
- Total work area of 1.4 ha with press shop and galvanizing facilities.
CERTIFICATION
API 5L, ASTM, SNI, OHSAS 18001:2007, OHSAS 18001:1999, ISO 14001:2004, ISO:2008.
KEY CLIENTS
Pipe Manufacturing
- Amtrade, BHP (Australia), DSL Corporation, Santos (Australia), Kodeco Energy Co. Ltd, Perusahaan Gas Negara, CNOOC SES Ltd, Medco E&P Indonesia, McDermott Indonesia, etc. EPC Service
- Caltex, Chevron, Unocal, Newmont, CNOOC, Continental ACE, Premier Oil, Sumitomo, etc. Bakrie & Brothers BNBR
Caring For The Country
Through the implementation of planned, structured and sustainable CSR activities, the Company expects that the presence of BNBR and its Subsidiaries will benefit all stakeholders, including the shareholders, as the company’s majority stakeholders.
BNBR is fully aware that sustainable business organization involves a commitment to development oriented toward enhancing added value in line with the Company’s Philosophy and Basic Values, moral and ethical principles inscribed in the Business Conduct Guidelines as well as prevailing laws and regulations. Based on a spirit and a commitment to ensuring sustainability for all related stakeholders, the Company continues to drive the implementation of Corporate Social Responsibility in all Subsidiaries. Through the implementation of planned, structured and sustainable CSR activities, the Company expects that the presence of BNBR and its Subsidiaries will benefit all stakeholders, including the shareholders, as the company’s majority stakeholders.
Company CSR Vision and Mission
The implementation of CSR at BNBR and its
subsidiaries is guided by the “Bakrie Untuk Negeri” philosophy and core
values outlined in “Trimatra Bakrie”, all stipulated in the Bakrie
Charter. In order to ensure that this philosophy and these core values
are observed and socialized to all Bakrie Group employees, including
this Company, Management Board for Bakrie Untuk Negeri (BP BUN) has been
established. The Company sustains this body as a manifestation of its
corporate social responsibility. Bakrie & Brothers BNBR
Bakrie & Brothers BNBR