May 18, 2013 8:00 PM ET

Building Products

Company Overview of PT Sarana Karya (Persero)

Company Overview

PT Sarana Karya (Persero) produces asphalt products. PT Sarana Karya (Persero) was formerly known as PT Aspal Negara. The company is based in Jakarta, Indonesia.

Grand Panglima Polim

Kav 79 Jl. Panglima Polim Raya

Jaksel

Jakarta,  12160

Indonesia

Phone:

62 21 727 80655

Fax:

62 21 727 80655

Key Executives for PT Sarana Karya (Persero)

PT Sarana Karya (Persero) does not have any Key Executives recorded.

PT Sarana Karya (Persero) Key Developments

Primissima, Sarana Karya And Paper Padalarang To Be Privatized

The House of Representatives (DPR) approved the privatization of PT Sarana Karya (Persero), PT Cambrics Primissima and PT Kertas Padalarang. On October 24, 2012, Zulkieflimansyah, Vice Chairman of the House Finance and Banking Commission, said, "Since the factions have given their approval, the decision can be made."

Indonesia To Sell Stake In 3 Enterprises By 2011 End

The Indonesian government is planning to sell its stake in PT Kertas Padalarang, PT Sarana Karya (Persero) and PT Cambrics Primissima by the end of 2011. Mustafa Abubakar, State-Owned Enterprises Minister, said that there is a big chance that the plan can materialize, given that there is only one last meeting with legislators to secure approval for the divestments. “We hope that the divestment of shares in the three state enterprises can be completed this year,” Mustafa said on August 17, 2011. The government wants to sell stake in Primissima to private investors and expected other state enterprises to buy stake in Kertas Padalarang and Sarana, Mustafa added. The government presently holds 52.79% stake in Primissima, 48.4% stake in Kertas Padalarang and 100% stake in Sarana Karya, Antara reported.

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