Waskita Karya

Last updated
PT Waskita Karya (Persero) Tbk
Company type State-owned PT
IDX:  WSKT
IndustryConstruction
Founded1 January 1961;63 years ago (1961-01-01)
Headquarters Cawang, East Jakarta, Jakarta Indonesia
Area served
Indonesia
Products
  • Hotel
  • Apartments
  • Offices
Brands
  • Vasaka
  • Teraskita
Services
  • Infrastructure construction
  • Building construction
  • EPC
  • Precast
  • Steel cast
  • Property
  • Investments
Revenue Rp 16.190 trillion (2020) [1]
Rp -9.496 trillion (2020) [1]
Total assets Rp 105.589 trillion (2020) [1]
Total equity Rp 16.578 trillion (2020) [1]
Owner Government of Indonesia
Number of employees
1,956 (2020) [1]
Subsidiaries PT Waskita Beton Precast Tbk.
PT Waskita Karya Infrastruktur
PT Waskita Karya Realty
PT Waskita Toll Road
Website www.waskita.co.id

PT Waskita Karya (Persero) Tbk, trading as Waskita Karya, is an Indonesian state-owned construction company located in Cawang, Jakarta. It was the result of a January 1, 1961 nationalization of Volker Aannemings Maatschappij NV, the Indonesian branch of what would become VolkerWessels. Waskita specializes in commercial and residential building contracts. [2]

Contents

Controversy

Waskita Karya is known for late paying on their vendors and not been able to pay Maturity Bond Coupons. [3] On the 27th of April 2023 the President Director of Waskita Karya, Destiawan Soewardjono along with 7 other people was detained by the Attorney General's Office of Indonesia for corruption. [4] Destiawan played the role of ordering and approving the disbursement of supply chain financing (SCF) funds using fake supporting documents to be used as payment for the company's debt due to the disbursement of payments for fictitious work projects to fulfill the suspect's request. The total loss of the corruption were about RP 2,5 Trillion (USD 67 Million). [5]

Projects

Selected major projects, by year of completion, are:

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References

  1. 1 2 3 4 5 "Laporan Tahunan 2020" (PDF) (in Indonesian). Waskita Karya (Persero). Retrieved 4 October 2021.
  2. "Company profile: Waskita Karya". Goliath. Archived from the original on February 14, 2009. Retrieved 2009-03-19.
  3. "WSKT Belum Bisa Bayar Kupon Obligasi Jatuh Tempo, Apa Sebab?". IPOTNEWS (in Indonesian). 2023-05-05. Retrieved 2024-02-16.
  4. "Buntut Korupsi Dirut, 7 Karyawan PT Waskita Karya Diperiksa Kejagung". nasional (in Indonesian). Retrieved 2024-02-16.
  5. "Kerugian Negara Akibat Korupsi di Waskita Karya Diduga Lebih dari 2,5 Triliun". medcom.id (in Indonesian). 2023-05-16. Retrieved 2024-02-16.