PT Jaya Konstruksi Manggala Pratama, Tbk, a member of the Jaya Group, is an integrated infrastructure development company with core capabilities in the infrastructure and building construction sector, asphalt and liquefied petroleum gas (LPG) trading, precast concrete manufacturing and specialized mechanical and electrical engineering and maintenance services. The Company was established on December 23, 1982, when the Contracting Division of PT Pembangunan Jaya was spun off to become a separate legal entity. The Company first listed its shares on the Indonesia Stock Exchange (IDX) in December 2007.
Over the years, the Company has continuously expanded the scope of its business, adding new capabilities to its core business in construction, and is now positioned as one of Indonesia’s leading public infrastructure providers and investors, operating in the key growth sectors of transportation (roads, bridges, toll roads, airports and subway tunnels), power and energy, and water (flood control and water supply). It also has a strong presence in the commercial sector, delivering integrated construction, engineering and maintenance services for hotels, malls, apartments and office buildings in Indonesia and overseas. In 2007 the Company acquired four direct subsidiaries: PT Jaya Trade Indonesia, PT Jaya Teknik Indonesia, PT Jaya Beton Indonesia and PT Jaya Daido Concrete.
Since then, the Company has expanded its portfolio with the acquisition of several indirect subsidiaries: PT Jaya Gas Indonesia, PT Toba Gena Utama, PT Sarana Bitung Utama, PT Metroja Mandiri, PT Kenrope Utama, PT Sarana Merpati Utama, PT Adibaroto Nugratama, PT Adigas Jaya Pratama, PT Sarana Lampung Utama, PT Sarana Lombok Utama, PT Sarana Jambi Utama, PT Jaya Celcon Prima and PT Global Bitumen Utama. In 2009, the Company established two joint venture companies to pursue its interests in the toll road construction and operation sector, PT Jaya Konstruksi Pratama Tol (with PT Pembangunan Jaya Infrastruktur) and PT Jaya Sarana Pratama (with PT Jaya Real Property Tbk). Also in 2009, the Company’s subsidiary PT Jaya Trade Indonesia expanded its bulk asphalt terminal business by establishing PT Sarana Mbay Utama and PT Sarana Aceh Utama; this was followed by the establishment of PT Sarana Sampit Mentaya Utama in 2010.
PT Kenrope Sarana Pratama and PT Kenrope Utama Sentul were founded in 2010 and 2011, respectively, to expand the LPG trading business. The Company also operates in the water and waste water management businesses through PT Sarana Tirta Utama and PT Jaya Mitra Sarana, both established in 2010 by PT Jaya Teknik Indonesia. In July 2013, the Company conducted a rights issue of 326,170,397 shares or equivalent to 10% of the total subscribed and paid-in capital. The proceeds were used to finance investments in new infrastructure, primarily inner city toll roads and a drinking water supply facility, and to finance capacity expansions at Jaya Beton and Jaya Trade.
In September 2013 the Company conducted a 1:5 stock split to increase the liquidity of the stock. With a strong mix of capabilities and expertise along the infrastructure value chain as both investor and contractor, Jaya Konstruksi delivers comprehensive solutions for clients in the government and private sector. The Company’s reputation for reliability and quality execution have made it a trusted partner in high-value infrastructure projects, including Jakarta’s prestigious Mass Rapid Transit project. Jaya Konstruksi continues to expand its capabilities, assets and synergies in line with its commitment to continuous improvement and sustainable growth.