Pt Bakrie & Brothers Tbk (Indonesia)

Established as a trading company in March 13, 1951, the Company has extensively diversified its scope of interests and investment to become one of Indonesia s premier diversified group of companies. Today, the Company is operating in the core businesses of telecommunication, pipe manufacturing, building materials, automotive components, and strategic investment in coal mining. The Company is part of the Bakrie Group.
The Company also provides a wide range of services such as cellular-radio wave-based telecommunication services using the latest CDMA technology, messaging, paging, and cellular answering services, as well as specialized structural and civil engineering services
Today, the Company has strong footing in both domestic as well as global markets. With significant international operations, the Company has formed strategic alliances with reputable international companies and continued to upgrade its production capabilities to meet stringent international standards in an effort to transform itself to become an efficient global player.
As one of Indonesia s leading private enterprises, the Company is committed to be a partner and contributor in the country s economic development process.
On August 28, 1989, the Company conducted an Initial Public Offering of 2,850,000 Company's shares at a par value of Rp1,000 per share. All the Company's shares were listed on the Jakarta Stock Exchange (JSX) now known as the Indonesia Stock Exchange (IDX).
Milestone
1942-1962
-Established as a general trading distributor company
-pioneered Indonesia s Steel Pipe Manufacturing Industry
1986-1989
-Acquired PT Bakrie Sumatera Plantations (UNSP)
-Initial Public Offering (IPO) of the Company
1990-1996
-Licensed to operate fixed wireless telecommunication services
-Founded PT Bakrieland Development (ELTY)
1997-2001
-Founded PT Energi Mega Persada (ENRG)
-PT Bumi Resources (BUMI) acquired 80 shares of PT Arutmin Indonesia
-PT Bakrie Capital Indonesia acquired 58.1 shares of PT Bumi Resources
2002-2005
-PT Bumi Resources acquired additional 20 shares of PT Arutmin Indonesia
-PT Bumi Resources 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
-PT Bakrie Telecom launced CDMA based telecommunication service
-PT Energi Mega Persada bought 100 shares of BP
2007-2008
-PT Bakrie Sumatera Plantations expanded its and to 107,000 ha valued at US 110 million.
-PT Bakrie Telecom initiated national expansion worth US 72 million
-The Company acquired PT Bakrieland Development, PT Energi Mega Persada PT Bumi Resources, at US 4.4 billion.
-PT Bumi Resources acquired Herald Resources, valued at US 547 million.
- PT Energi Mega Persada purchased 75.04 shares of Alberta Utilities at US 2 milion.
-PT Bumi Resources acquired 44 shares of PT Darma Henwa Tbk at US 218 million.
2009
-PT Bumi Resources acquired 84 of Pendopo Energi Batubara, valued at US 117 million.
-PT Energi Mega Persada signed agreement to purchase 10 stake in Masela PSC Block, valued at US 90 million.
-PT Bumi Resources acquired 76.8 of PT Fajar Bumi Sakti, valued at US 222 million
2010
-Signed an SPA agreement with Vallar, UK worth US 844 million.
-Founded Bakrie Connectivity data services.
-PT Bakrieland Development acquired 51 shares of PT Bukit Jonggol Asri at US 111 million and 20 shares of PT Bukit Sentul at US 17 million.
-PT Bumi Resources acquired 24 shares of PT Newmont Nusa Tenggara at US 225 million.
-PT Bakrieland Development acquired Lido Lake Resort (99.99 of ownership) at US 39 million.
2011
-The Company completed revitalization process, including the quasi reorganization.
-PT Energi Mega Persada acquired Offshore North West Java block at US 212 million.
-Bakrie group established strategic partnership with PT Borneo Lumbung Energi Metal Tbk and decreased debts by US 1 billion.
2012
-The Company completed transaction of divestment upon some ownership in Bumi plc.
-Signed Gas Transportation Agreement (GTA) for Kepodang- Tambak Lorok section.
-Signed of Assets Purchase of KGTechnology by PT Bakrie Tosanjaya (BTJ)
2013
-PT Bakrie Pipe Industries (BPI) awarded with significant pipe supply contract by Pertagas and Pertamina EP
-BTJ changed its name to PT Bakrie Autoparts (BA)
-Phase 1 of Kalija infrastructure project initiated
2015
-Official Inauguration of PT. Bakrie Pipe Industries' coating plant.
-PT Kalimantan Jawa Gas (“KJG”) started coating its pipes.
-Kalija Phase 1 Infrastructure Project started its gas transportation.
-Visit from the Ministry of Public Work and Housing for CCTW Project groundbreaking.
-Preparation stage of Tanjung Jati A power plant project is approaching completion
2016-2017
-Cimanggis-Cibitung Tollways Project continues land acquisition process as well as phase 1 construction.
-First phase of Kalija project has fully operated. Gas transportation carried out according to GTA
2019
Bakrie Group made an undisclosed investment in BumiLangit Studios, Indonesian character based entertainment company in Indonesia.The Investment was made by VIVA group who are currently focusing on developing Indonesia's own superhero cinematic universe through the library of the intellectual property rights of BumiLangit Studios The first movie in line, Gundala released in August 2019 was a theater hit grossing 48,3 million Rupiah.
2020
Due to the COVID-19 pandemic, Bakrie Brothers of Bakrie Group furloughed 153 of its staff for at least 3 months.Additionally, the company also introduced salary reduction plans to 800 employees in their attempt to reduce financial burdens due to limited business activity.