PT Wijaya Karya Beton Tbk achieved solid performance in 2024, with significant growth in net profit and revenue. WIKA Beton met most of its new contract targets, particularly in the infrastructure sector. Amid external challenges, WIKA Beton implemented strategic transformations by launching a new logo and the motto ‘Solution and Trust,’ focusing on cash acceleration, operational excellence, and commercial resilience. Digitalization and technological innovation were also key priorities.
Dear Shareholders and Stakeholders,
Gratitude for the blessings and grace of God Almighty, the Board of Directors of PT Wijaya Karya Beton Tbk proudly presents the 2024 Annual Report to our esteemed shareholders and stakeholders. 2024 stands as a key milestone in the company’s journey, where we successfully navigated both global and national challenges through targeted strategic initiatives, continuous innovation, and a strong commitment to corporate governance.
Throughout this year, we have continued to pursue the company’s mission to become a global leader in the precast concrete industry by applying modern technology, careful risk management, and continuous transformation. This success has been achieved through the synergistic collaboration of all stakeholders, including management, employees, business partners, and the consistent support of shareholders. As part of our efforts to strengthen the company’s position in the market, we have focused on customer diversification, improving operational efficiency, and product innovation aligned with sustainability principles.
In 2024, PT Wijaya Karya Beton Tbk achieved significant growth in financial performance, operations, and social responsibility. This success reflects not only the Company’s resilience amid the dynamics of the construction industry but also our ability to create added value for all stakeholders.
2024 was a challenging year for the global economy, influenced by geopolitical tensions, tight monetary policies in developed countries, and commodity price fluctuations that disrupted supply chains. The International Monetary Fund (IMF) projects global economic growth at 3.3%, lower than the historical average. The United States showed stronger economic resilience, but slowdowns in China and uncertainty in Europe put significant pressure on global stability.
Amid this situation, Indonesia’s economy showed resilience with a growth rate of 5.03% (year-on-year), according to the Central Statistics Agency (BPS). The services sector recorded a significant growth of 9.80%, while consumption by non-profit institutions grew by 12.48%, supported by government social spending. However, Indonesia’s trade surplus declined to USD 31.04 billion, due to a 5.31% rise in imports of raw materials and capital goods, and weaker exports in the mining sector. Inflation was controlled at 1.57% year-on-year, although there were regional disparities.
The exchange rate of the rupiah against the US dollar fluctuated throughout the year. According to Bank Indonesia data, the highest rate was Rp15,516.19 on January 2, while the lowest was Rp16,517.17 on June 27. The average selling rate was Rp16,092.06, surpassing the 2024 State Budget assumption of Rp14,700–Rp15,300 per US dollar. This depreciation posed challenges for inflation and the industrial sector but supported export competitiveness.
Bank Indonesia maintained the benchmark interest rate at 6.00% throughout 2024 and lowered it to 5.75% at the beginning of 2025 to support growth. The government’s fiscal policy focused on downstream industries, the transition to green energy, and infrastructure spending. A combination of adaptive monetary policies and pro-growth fiscal strategies, Indonesia maintained economic growth momentum, providing a strong foundation to encounter the challenges of 2025.
The Indonesian construction industry played a vital role in supporting national economic growth in 2024. According to data from the Central Statistics Agency (BPS), the construction sector contributed 10.09% to Indonesia’s Gross Domestic Product (GDP), making it one of the key pillars of economic development amid various global and domestic challenges.
The Indonesian government has allocated an infrastructure budget of Rp423.4 trillion, with Rp146.98 trillion focused on projects by the Ministry of Public Works and Housing (PUPR). Strategic projects of toll road construction, bridges, dams, and the new Nusantara Capital City (IKN) are key priorities. This push for infrastructure has driven the construction sector to grow by 7.02%, surpassing the national economic growth rate of 5.03%.
However, the construction industry encountered challenges from rising building material prices, which increased by 0.72% year-on-year due to fluctuations in the prices of cement, sand, foundation stones, and asphalt. Additionally, global interest rate hikes and geopolitical uncertainties put pressure on the cost of imported materials, leading to an overall increase in construction prices.
In addition, the acceleration of digitalization and technological innovation has become a crucial development in the industry. At the “Indonesia Construction 2024” event, the key theme was “Agility and Adaptability of the Competitive Construction Sector.” Innovations such as Building Information Modeling (BIM) are increasingly used to improve efficiency and transparency in large-scale projects.
A strong government funding and the adoption of modern construction technology, the construction sector remains one of the key drivers of Indonesia’s economic growth. Its resilience in encountering challenges highlights its significant role in supporting sustainable development.
PT Wijaya Karya Beton Tbk (WIKA Beton) demonstrated solid and adaptive performance throughout 2024, amid the dynamics of the construction market and shifts in government infrastructure priorities. Through strategic transformation, operational efficiency, and disciplined governance, the Company successfully strengthened its position as the market leader in precast concrete in Indonesia.
From an operational side, the concrete segment remained the backbone of revenue, contributing 86.8% or Rp4.25 trillion, a 14.10% increase compared to the previous year. Net profit from this segment rose sharply by 214.23% to Rp54.28 billion, driven by improved production efficiency and stronger demand from strategic projects. Production capacity reached 10.62 million tons, consisting of 5.08 million tons of precast products and 5.54 million tons of ready-mix concrete. Meanwhile, the services segment recorded a significant revenue increase of 126.23%, reaching Rp131.96 billion, reflecting the growing strategic role of engineering and installation services. In contrast, the quarry segment experienced a decline in revenue and profit due to operational adjustments at several supply points that have not yet reached optimal performance.
Financially, WIKA Beton recorded operating revenue of Rp4.90 trillion, an increase of 16.48% compared to the previous year. Net profit attributable to the parent entity reached Rp65.00 billion, a significant rise of 90.48%, reflecting the successful implementation of efficiency strategies and cost structure optimization.
Operating cash flow demonstrated outstanding performance, reaching 174.46% of the target, indicating strong liquidity. The capital structure also improved, marked by a 14.42% reduction in liabilities to Rp3.51 trillion and an increase in equity to Rp3.69 trillion. The conversion of short-term loans into long-term loans further strengthened its medium-term financial resilience.
The key financial ratios indicate a healthy condition: the current ratio is 129.18% and the debt-to-equity ratio (DER) is only 95.15%. Supported by an idA credit rating from PEFINDO, the Company is considered capable of meeting its long-term obligations, while remaining cautious of external fluctuations.
On the project side, significant contributions came from constructing the Nusantara Capital City (IKN) toll road, Jakarta LRT Phase 1B, Jakarta-Cikampek II South toll road, and the NCICD coastal protection embankment. Meanwhile, the Company continues to invest in facility development and sustainable innovation, for research on environmentally friendly products and energy-efficient technologies.
WIKA Beton continues to expand its national distribution network through seven sales regions, ten factories, and three active quarry sites. As the Indonesia largest precast concrete manufacturer, the Company provides integrated services that include engineering, production, and installation.
Results of the market diversification strategy, strengthening presence in both the private and state-owned sectors, and focusing on sustainability have proven effective in maintaining stability and supporting sustainable growth. The synergy between operational strength, financial efficiency, and readiness to undertake national strategic projects is a key foundation for maintaining WIKA Beton’s leadership in the national concrete industry.
Strategic Strategy and Policy
PT Wijaya Karya Beton Tbk (WIKA Beton), as the largest precast concrete producer in Indonesia, continues to support various large infrastructure projects, including toll roads and the development of the new Nusantara Capital City (IKN). To remain relevant amid the challenges in the construction industry, the company is implementing a strategic transformation focused on improving competitiveness and financial performance. This transformation is a key action in ensuring the company stays adaptive to market dynamics and maintains business sustainability.
In March 2024, WIKA Beton launched a new logo as the company’s transformation towards its new vision: “To Become a Sustainable Trusted Global Company Providing Solutions in the Concrete Industry.” Along with this, its mission and paradigm were strengthened, including the new slogan “Solution and Trust,” reflecting its commitment to providing complete and reliable solutions. This transformation is also represented through the “House of Transformation” concept, which serves as the foundation for achieving financial sustainability, quick adaptation in operations, and the development of technology and innovation in business processes.
This transformation focuses on three main pillars: cash acceleration, operational excellence, and commercial resilience and fit. The strategic initiatives implemented include financial optimization on a war room and a digital logistics control system, increased factory productivity, and digital transformation to ensure operational efficiency and effectiveness. All these aspects are supported by the standardization of human capital productivity, reinforced through training and the application of core values.
WIKA Beton also prioritizes operational efficiency by utilizing digital technologies of the Internet of Things (IoT) and artificial intelligence (AI), to monitor production in real time. This approach supports optimizing the supply chain, distribution, and inventory management while minimizing waste and reducing operational costs. In its efforts to diversify, WIKA Beton is expanding its business portfolio into the private sector and international markets. Innovative products such as modular and environmentally friendly concrete, are integrated into infrastructure sectors like power plants, ports, and office buildings.
WIKA Beton’s focus on sustainability is also at the core of its strategy for 2024. The Company is adopting environmentally friendly technologies such as solar panels, green cement, and air quality monitoring systems in production lines, to support its goal of achieving net zero emissions by 2030. In addition, a decarbonization program is being implemented through tree planting and innovative technologies to reduce environmental impact. This commitment is reinforced by obtaining the Environmental Product Declaration (EPD) certification and Greenship Solution Endorsement, highlighting the Company’s dedication to sustainability and social responsibility.
In terms of governance, WIKA Beton has established a Risk Monitoring and Integrated Governance Committee to ensure comprehensive risk management and the implementation of good governance across all business units. This committee assists its maintain integrity in decision-making and responds more adaptively to external challenges. Meanwhile, the Corporate Social Responsibility (CSR) program focuses on empowering local communities around projects, improving social welfare, and providing human capital training to create a skilled and competitive workforce.
A prudent financial strategy is also implemented to ensure the company’s cash flow stability. By October 2024, WIKA Beton had secured new contracts worth Rp4.99 trillion, reaching 81% of the revised target of Rp6 trillion. The focus on accelerating cash flow supports the development of production infrastructure and sustainability initiatives while also mitigating the risk of dependence on government projects.
WIKA Beton’s commitment to business sustainability, operational efficiency, and product innovation reflects its ability to meet market challenges and the demands of the modern construction industry. A clear strategy and strong transformation efforts, WIKA Beton is on the right path to achieving its long-term goal of becoming a global leader in the precast concrete industry.
The Role of the Board of Directors in the Formulation of Strategic Strategy and Policy
The Board of Directors of PT Wijaya Karya Beton Tbk (WIKA Beton) plays an active role in formulating the company’s strategies and policies, including business targets, expansion plans, technology, human capital, and other aspects. We regularly evaluate ongoing projects, propose strategic actions, and project future conditions.
In this process, we collaborate with the Board of Commissioners, managers, and division heads to gather various proposals that will be considered in setting both short-term and long-term targets and strategies. Once the plans and strategies are developed, we present them to the Board of Commissioners and the Audit Committee for approval. After approval, the Board of Directors presents the strategies and targets to the shareholders.
This collaborative approach by the Board of Directors ensures every strategic decision is based on comprehensive analysis and careful consideration of various internal stakeholders. We ensure that the strategies and policies developed align with the Company’s goals and shareholder expectations and are adaptable to market dynamics and industry challenges.
Processes Conducted by the Board of Directors to Ensure Strategy Implementation
The Board of Directors of PT Wijaya Karya Beton Tbk (WIKA Beton) plays an active role in formulating the company’s strategies and policies, including setting business targets, expansion plans, technology adoption, human capital development, and others. In this process, we regularly evaluate ongoing projects, provide strategic recommendations, and make projections for the future. Collaboration with the Board of Commissioners, managers, and division heads is carried out to gather input in setting short-term and long-term targets and strategies. Once the plans and strategies are developed, we present them to the Board of Commissioners and the Audit Committee for approval, before finally presenting them to the shareholders.
To ensure the effective implementation of strategies, we monitor progress through regular evaluations using the Plan, Do, Check, and Act (PDCA) approach. Various meetings are held to ensure the alignment and continuity of the strategies are applied.
These meetings are held regularly every week, focusing on relevant topics. All meeting results, decisions, and commitments are well-documented, serving as a basis for tracking the progress of strategies and easily identifying the outcomes of action taken. We ensure the company is following the plan and can proactively adjust strategies if required.
Comparison Between Achieved and Targeted Results
In a business cycle, WIKA Beton regularly evaluates its operational performance for the fiscal year. This evaluation is conducted by comparing the actual results at the end of the fiscal year with the Company’s Work Plan and Budget (RKAP) set at the beginning of the year. The comparison is the main reference to assess the overall Company’s performance.
Throughout 2024, WIKA Beton encountered the challenge of adjusting its target of new contract value, which was initially set at Rp7.48 trillion revised to Rp6 trillion due to dynamic market conditions. Through strategic transformation to improve efficiency and productivity, the Company was able to maintain its profitability. This evaluation is a strategic foundation of WIKA Beton in determining the next steps to seize opportunities.
The following presents a comparison between the 2024 target and actual results as a performance reference for the Company.
Comparison Between Targets/Projections at the Beginning Year of the Financial Year with Results Achieved (Realization)
| Description | 2024 Target/Projection | 2024 Realization | Achievement (%) |
|---|---|---|---|
| Revenue/Sales | 5,817,923 | 4,896,024 | 84.15 |
| Profit (Loss) for the Year | 76,604 | 64,200 | 83.81 |
| Liabilities | 3,831,394 | 3,507,923 | 91.56 |
| Equity | 3,714,204 | 3,686,766 | 99.26 |
| Distributed Cash Dividend | 7,166 | 6,885 | 96.07 |
| in million Rupiah | |||
Obstacles Encountered and Its Adjustment
Throughout 2024, PT Wijaya Karya Beton Tbk (WIKA Beton) encountered various challenges reflecting the construction industry complexity and the macroeconomic environment volatility. One of the main issues was the reliance on government infrastructure projects, which are heavily influenced by changes in policy and budget priorities, particularly ahead of the 2024 elections. This situation posed a risk of delays in project execution and a decline in new contracts from the government sector. In addition, WIKA Beton encountered pressure in managing its long operational cash cycle, particularly due to the extended receivable collection period from construction sector clients.
Another challenge encountered by the company is its sensitivity to macroeconomic fluctuations. As a Company heavily reliant on the construction sector, changes in infrastructure demand and government budget allocations can directly affect its revenue. The company’s relatively high dependence on external financing for working capital and capital expenditure needs also presents an additional challenge, especially considering the company’s moderate leverage, with the projected debt-to-EBITDA ratio ranging from 4.5 to 4.9 times during 2023-2025.
To address these challenges, WIKA Beton has taken strategic initiatives. The Company is expanding its customer portfolio by raising its contributions from the private sector. This diversification aims to reduce dependence on government projects and provide greater revenue stability. In addition, WIKA Beton is focusing on improving operational efficiency on digitalization and supply chain optimization. Internet of Things (IoT)-based technology and control-based logistics systems are implemented to minimize waste and enhance productivity.
In managing financial risks, the company adopts a more prudent financial approach by implementing cash flow acceleration strategies and improving debt management. This aim is to maintain healthy cash flow and support strategic investments without rising reliance on external financing. WIKA Beton also strengthens its governance structure by establishing a Risk Monitoring and Integrated Governance Committee to ensure better risk mitigation across all its business units.
Overall, despite encountering significant challenges, the strategic initiatives taken by WIKA Beton have helped it remain competitive and adaptable in the dynamic industry. Market diversification, operational efficiency, and better risk management, WIKA Beton strengthens its position as a market leader in Indonesia’s precast concrete industry.
Business Prospect Overview
2025 is projected to be a challenging period for the global economy, with ongoing geopolitical tensions, tight monetary policies in developed countries, and a slowdown in China’s economic growth. The IMF forecasts global economic growth at 3.3%, with global inflation decreasing to 4.2%. In this context, Indonesia has the opportunity to maintain an economic growth rate of 5.2%, supported by a balanced fiscal and monetary strategy. The government is focused on accelerating economic transformation through industrial downstream, green energy transition, and manufacturing sector strengthening.
The Indonesian construction industry is projected to remain strong in 2025, with a growth rate of 5.48%, driven by the continuation of strategic infrastructure projects of the building of the Nusantara Capital City (IKN). A budget allocation of Rp48.8 trillion for IKN until 2029, this is expected to be a key catalyst for investment in the construction sector. However, the rising cost of building materials by 0.72% and global interest rates may pose challenges for large-scale projects. Meanwhile, subsectors of housing, data centers, and warehousing offer growth potential, driven by growing demand for digital and logistics infrastructure.
WIKA Beton views 2025 with measured optimism despite challenges such as changes in government priorities in the infrastructure sector. Armed a significant carryover from 2024 projects, the company believes sales will continue to grow positively. In addition, the shift in focus to private sector projects in various industries of plantations, mining, and smelters, provides significant opportunities to increase market share beyond government funding sources.
The company has prepared strategic initiatives to address the potential slowdown in new contracts during the first half of 2025 due to the change in government. WIKA Beton has greater flexibility to maintain performance and ensure continued growth in the coming year by relying on carryover projects and increasing the share of private sector clients as the first contributor to project acquisitions in 2024.
The target for new contracts in 2025 is projected to range from Rp6.5 to 7 trillion, a figure similar to the previous year. However, WIKA Beton predicts a potential slowdown in infrastructure projects due to changes in government and national budget strategies. Therefore, diversifying private sector projects in the plantation, mining, and smelter sectors, is a top priority. This growth is expected to be supported by market diversification, optimizing production capacity, and developing environmentally friendly products as part of the company’s commitment to sustainability. This strategy aligns with the growing demand for green building and energy-efficient construction products.
WIKA Beton prioritizes operational efficiency and accelerates digitalization to enhance competitiveness amid market dynamics. Optimizing factory utilization is a key step to ensure the large production capacity is used to its full potential. In addition, being selective in investments and considering the divestment of non-productive assets will be part of efforts to maintain its profitability.
From a risk management perspective, WIKA Beton has developed specific policies to assess the viability of private sector clients and project risks. The Company makes the right decisions in strategic projects by using comprehensive analysis methods.. This approach not only minimizes risks but also strengthens the core for longterm growth.
WIKA Beton is optimistic that, with the potential for market diversification, a focus on environmentally friendly product innovation, and well-planned risk management, the Company can maintain positive growth in 2025. The Company remains committed to supporting national development through significant contributions in infrastructure and non-infrastructure while ensuring business sustainability and adding value for all stakeholders.
Moving into 2025, the Company has set a number of targets as outlined in the RKAP 2025, including:
Targets/Projections to be Achieved by the Company for the Next 1 (One) Year
| Description | 2025 Projection |
|---|---|
| Revenue/Sales | 5,305,000 |
| Profit (Loss) | 85,211 |
| Liabilities | 4,449,322 |
| Equity | 3,746,304 |
| Dividend Distribution Ratio to Net Income | 20% |
| (in millions of Rupiah, unless otherwise stated) | |
PT Wijaya Karya Beton Tbk (WIKA Beton) has shown a solid commitment to implementing good corporate governance throughout 2024. We ensure the principles of transparency, accountability, responsibility, independence, and fairness serve as the foundation for the company’s operations. This is achieved through various initiatives and strategic policies focused on sustainability, efficiency, and integrity.
Currently, WIKA Beton does not have an integrated reporting system that quantitatively measures the correlation between the Board of Directors variable compensation and long-term performance. This is due to the complexity of performance measurement, in financial and non-financial aspects, and the need to develop a data-based system with more objective analysis. The Company is currently reviewing the possibility of system development as part of enhancing long-term governance. Additionally, the Company has not yet implemented a policy requiring the ownership of shares by the Board of Directors or management as part of the long-term incentive structure. However, WIKA Beton continues to assess the possibility of introducing a management share ownership policy in the coming years to better align interests with shareholders.
However, the remuneration committee regularly conducts a thorough evaluation of the Board of Directors’ performance based on various metrics of financial growth, sustainability, innovation, and contributions to achieving the company’s strategic goals. The company is committed to continually improving its reporting system and transparency for stakeholders in this aspect.
In determining success indicators, the company emphasizes the importance of digital transformation, sustainability, and market diversification as part of its long-term strategy. Therefore, the Board of Directors’ performance evaluation also considers their contributions to optimizing operational efficiency through technological innovation, strengthening sustainability with a net-zero emission target by 2030, and rising market penetration on private sector expansion and strategic national projects.
In addition to transparency and accountability, risk mitigation is a key element of WIKA Beton’s governance to ensure sustainable business continuity. On June 27, 2024, WIKA Beton officially established the Risk Monitoring and Integrated Governance Committee, following the Board of Commissioners’ Decree No. SK.06/DK-WB/VI/2024. The committee’s goal is to ensure better risk mitigation and more effective governance implementation across its business units.
The implementation of the Anti-Bribery Management System (SMAP) based on ISO 37001:2016 is one of the ways WIKA Beton shows its commitment to maintaining clean governance. This policy includes the “5 No’s” principle are:
Support for transparency is strengthened through the Whistleblowing System (WBS), which allows the reporting of violations while ensuring the confidentiality of the identity. This complaint channel is accessible to the public and employees via mail, email, the website, or the internal “Workin’” application.
To ensure operational efficiency and integrity, WIKA Beton has integrated an audit system into its digital platform. This process includes planning, execution, reporting, and evaluation of audits following international standards such as ISO 9001, ISO 14001, and ISO 45001. This approach not only improves efficiency but also allows the company to maintain quality transparently and measurably.
In risk management field, WIKA Beton has developed a Risk Management System based on SNI 8615:2018, which is applied across all business operations. This approach involves identifying risks based on risk appetite and profile to ensure each project and operational activity aligns with the company’s strategic goals. As a mitigation measure, the Company applies the Four Eyes Principle (FEP), which ensures strict selection of projects, accepting only viable projects even if it reduces potential revenue.
WIKA Beton pays particular emphasis on human capital development as an integral part of governance. Programs for enhancing employee skills and well-being are designed to ensure alignment between its vision and individual contributions. The company fosters an inclusive and competitive work environment by integrating the values of innovation, integrity, and excellence. This approach creates the foundation for addressing future challenges and ensuring sustainability.
Information technology plays a crucial role in supporting WIKA Beton’s governance in 2024. We have implemented several initiatives, including core systems integration through ERP, supporting SAP applications development, and machine learning usage for predictive analytics. These technologies not only improve operational efficiency but also support data-driven decision-making. IT governance follows the COBIT 2019 framework and ISO 27001:2013 standards, ensuring data protection and information system security. Regular IT audits ensure effectiveness and compliance with regulations.
WIKA Beton is also committed to sustainability by applying ESG (Environmental, Social, Governance) principles. This includes developing eco-friendly products, empowering communities with social responsibility programs, and human capital training. The company has received several ESG awards, reflecting its dedication to sustainable business practices. These sustainability initiatives align with its mission to balance profitability, community empowerment, and environmental responsibility.
The success of the company’s governance is reflected in the GCG assessment score of 92,37 in 2024, which falls under the “Very Good” category. This achievement not only indicates consistent GCG implementation since 2017 but also is a solid foundation for business sustainability. A holistic approach that integrates the principles of Profit, People, and Planet, WIKA Beton ensures governance practices benefit not only the company but also positively impact society and the environment.
The Board of Directors believes that integrity is an inseparable part of a sustainable business strategy. Therefore, business policies and operations are guided not only by compliance with regulations but also by the application of ethical values in every decision-making process.
The Company views integrity not merely as a legal obligation, but as a fundamental foundation of its business strategy. This value is reflected in the Company’s work culture, partnerships, and daily operations. Through the implementation of the code of ethics, internal control systems, whistleblowing mechanisms (WBS), and anticorruption and anti-gratification policies, the Company builds trust and strengthens its positive reputation. Consistent adherence to integrity not only ensures smooth operations but also enhances the Company’s long-term competitiveness.
WIKA Beton’s commitment to good corporate governance has created a strong foundation for business sustainability, supporting growth and ensuring integrity at all levels of the organization. By prioritizing innovation, effective risk management, and employee empowerment, the company remains a leading player in Indonesia’s precast concrete industry.
Based on the decision from the Annual General Meeting of Shareholders for the 2023 fiscal year, Deed No. 43 dated May 17, 2024, it was resolved to respectfully dismiss Mr. Taufik Dwi Wibowo and appoint Mr. Agus Pramono as Director of Operations and Supply Chain Management. Additionally, respectfully dismiss Mr. Ahmad Fadli Kartajaya and appoint Mr. Syailendra Ogan as Director of Finance, Human Capital, and Risk Management.
The composition of the Board of Directors before the changes is as follows:
Before Changes
| Name | Position |
|---|---|
| Kuntjara | President Director |
| Ahmad Fadli Kartajaya | Director of Finance, Human Capital, and Risk Management |
| Taufik Dwi Wibowo | Director of Operations and Supply Chain Management: |
| Rija Judaswara | Director of Marketing and Development |
| Verly Widiantoro | Director of Engineering and Production |
The composition of the Board of Directors of PT Wijaya Karya Beton Tbk as of December 31, 2024, following the changes made on May 17, 2024, is as follows:
After Changes
| Name | Position |
|---|---|
| Kuntjara | President Director |
| Syailendra Ogan | Director of Finance, Human Capital, and Risk Management |
| Agus Pramono | Director of Operations and Supply Chain Management: |
| Rija Judaswara | Director of Marketing and Development |
| Verly Widiantoro | Director of Engineering and Production |
The Board of Directors of PT Wijaya Karya Beton Tbk expresses its highest appreciation to the shareholders, Board of Commissioners, WIKA Beton employees, business partners, and all stakeholders for their support, trust, and collaboration throughout 2024. We are also grateful to all employees for their dedication, innovative spirit, and hard work in overcoming challenges and achieving the company’s success.
As the market leader and the largest player in Indonesia’s precast concrete industry, WIKA Beton continues to demonstrate strong performance. Since our IPO in 2014, we have consistently distributed dividends to our shareholders every year, reflecting the company’s commitment to delivering sustainable value. This key foundation enables us to keep moving forward, and we are confident that WIKA Beton will continue to be managed for sustainable business growth.
The achievements made this year would not have been possible without the support of all elements within the company, working together to fulfill our vision and mission. We recognize that this success is a strong synergy between visionary leadership, careful risk management, and strategies implementation that adapt to change. We look forward to the future as a new opportunity to move further, drive innovation, and strengthen PT Wijaya Karya Beton Tbk’s position as a leader in the precast concrete industry.
Board of Directors,
Kuntjara
President Director