United Tractors
From Wikipedia, the free encyclopedia
- Construction machinery
- Mining contracting
- Coal mining
- Gold mining
- Construction industry
- Energy
Company type | Public |
|---|---|
| IDX: UNTR | |
| Industry |
|
| Founded | 13 October 1972 |
| Headquarters | Jakarta, Indonesia |
Area served | Indonesia |
Key people | Frans Kesuma[1] (President Director) Djony Bunarto Tjondro[2] (President Commissioner) |
| Revenue |  Rp 123.607 trillion (2022)[3] |
| Rp 21.005 trillion (2022)[3] | |
| Total assets | Rp 140.478 trillion (2022)[3] |
| Total equity | Rp 89.513 trillion (2022)[3] |
| Owner | PT Astra International Tbk (59,5%) |
Number of employees | 32,682 (2022)[3] |
| Website | www |
PT United Tractors Tbk (also known as UT or UT Company) is an Indonesian company, subsidiary of PT Astra International Tbk ("Astra") that operates in six business lines, namely Construction Machinery, Mining Contractor, Coal Mining, Gold Mining, Construction Industry, and Energy. United Tractors has 20 branch offices, 32 site supports, 6 representative offices, and 54 support points as well as other service installations.
1972
The company was established under the name of PT Inter-Astra Motor Works with a focus on heavy equipment distribution. On October 13, 1972, the Company changed its name to PT United Tractors.
1973
Became the sole distributor of Komatsu and Tadano products in Indonesia.
1974
Became the sole distributor of Bomag vibratory rollers and started selling Komatsu forklifts.
1983
Established PT United Tractors Pandu Engineering ("UTPE") to enter the engineering and manufacturing industry of heavy equipment components and attachments.
1984
Became the sole distributor of UD Trucks (previously known as Nissan Diesel).
1989
- The Company expanded its business line to mining contractor services by establishing PT Pamapersada Nusantara ("PAMA").
- The company's shares were officially listed on the Jakarta Stock Exchange and Surabaya Stock Exchange on September 19, 1989.
1992
Established PT United Tractors Semen Gresik ("UTSG") as a joint venture with PT Semen Indonesia (Persero) (previously PT Semen Gresik) to carry out quarry and limestone mining projects.
1995
Established UT Heavy Industry (S) Pte, Ltd., based in Singapore, as an extension of heavy equipment import distribution to Indonesia.
1997
Established PT Komatsu Remanufacturing Asia ("KRA") in Balikpapan to provide Komatsu engine and component reconditioning services.
2004
Appointed as the official sole distributor of Scania products.
2007
PAMA acquired PT Prima Multi Mineral ("PMM"), which holds mining concession rights in Rantau, South Kalimantan.
2008
- Acquired PT Tuah Turangga Agung ("Turangga Resources") located in Kapuas, Central Kalimantan.
- Established PT Multi Prima Universal ("MPU") to provide machine rental services and used machine sales.
- Established PT Patria Maritime Lines ("PML") through UTPE, to provide coal transportation services by river.
2010
- Established PT Andalan Multi Kencana ("AMK") which focuses on commodity parts distribution.
- Through Turangga Resources, acquired PT Agung Bara Prima ("ABP") which has mining concessions in Kapuas, Central Kalimantan.
2011
- Established PT Universal Tekno Reksajaya ("UTR") to provide engine and component reconditioning services.
- Through PAMA and Turangga Resources, acquired companies with other concession rights, including PT Bukit Enim Energi ("BEE"), PT Asmin Bara Bronang ("ABB"), PT Agung Bara Jaan ("ABJ"), PT Duta Sejahtera ("DS"), and PT Duta Nurcahya ("DN").
- UTPE established PT Patria Maritime Industry ("PAMI") to provide ship repair and maintenance services.
2012
- Turangga Resources acquired PT Borneo Berkat Makmur ("BBM"), which owns 60% of the shares of PT Piranti Jaya Utama ("PJU"), a mining company with mining concession rights in Kapuas, Central Kalimantan.
- UTPE acquired PT Patria Maritime Perkasa ("PMP") (formerly Perkasa Melati) to enter the ship repair and manufacturing industry in Batam, Riau Islands.
2013
PAMA increased its ownership stake in ABB and ABJ by 15%, thus now controlling 75.4% of ABB and ABJ's shares.
2014
Restructuring of the mining business line where all mining subsidiaries come under Turangga Resources, with the Company and PAMA each owning 40% and 60% of Turangga Resources' shares, respectively.
2015
- Formation of the fourth business line, Construction Industry, by acquiring 50.1% ownership of PT Acset Indonusa Tbk ("ACSET").
- PAMA acquired 80% ownership of PT Sumbawa Juta Raya ("SJR"), a gold mining exploration company in Sumbawa, West Nusa Tenggara.
- Establishment of PT Unitra Persada Energia ("UPE"), engaged in the field of power generation.
2016
Through Turangga Resources, signing of a Conditional Shares and Purchase Agreement related to the purchase of 80.1% of PT Suprabari Mapanindo Mineral ("SMM"), a metallurgical coal mining concession located in Central Kalimantan.
2017
- Formation of the fifth business line, Energy, through the subsidiary PT Bhumi Jati Power ("BJP"), as an Independent Power Producer (IPP).
- Through Turangga Resources, completion of the acquisition of 80.1% ownership in SMM, a metallurgical coal concession in Central Kalimantan.
- Through BJP, completion of project financing agreements to build and operate a 2x1,000 MW coal-fired power plant in Jepara, Central Java.
2018
Through its subsidiary PT Danusa Tambang Nusantara ("DTN"), acquisition of 95% ownership of PT Agincourt Resources ("PTAR"), a company engaged in gold mineral exploration, mining, and processing in North Sumatra.
2019
Formation of the sixth business line, Gold Mining, operated by PTAR.
2020
In August, ACSET conducted a Limited Public Offering II (PUT II) by issuing 5,725,160,000 new shares. After PUT II, UT's ownership of ACSET through PT Karya Supra Perkasa ("KSP") became 64.8%.
2021
- In July, the Company through KSP sold all of its 51% ownership in PT Supra Alphaplus Handal ("SAH").
- In August, ACSET conducted a Capital Increase without Preemptive Rights (HMETD) by issuing 6,250,000,000 new shares. After HMETD, UT's ownership of ACSET through KSP became 82.17%.
- In December, the Company carried out internal restructuring of the company's group. All subsidiaries under PT Bina Pertiwi ("BP") engaged in renewable energy were transferred to PT Energia Prima Nusantara ("EPN").
2022
- The Company expanded its portfolio of renewable energy by investing in PT Arkora Hydro Tbk ("Arkora") with a 31.49% ownership stake. The Company diversified its business by developing in the nickel sector.
- Through its subsidiary DTN, it signed a Conditional Shares Sale and Purchase Agreement (CSPA) to acquire 90% ownership of PT Stargate Pasific Resources (SPR) and 90% ownership of PT Stargate Mineral Asia (SMA).
