[Krakatau Steel Merges Four Subsidiaries into PT Krakatau Baja Konstruksi]

Published: Oct 05, 2026 10:05 (GMT+8)

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PT Krakatau Steel (Persero) Tbk (KRAS) is consolidating four of its subsidiaries into one entity, with PT Krakatau Baja Konstruksi (KBK) as the surviving company. The three merged entities are PT Krakatau Baja Industri (KBI), PT Krakatau Konsultan (KK), and PT Krakatau Perbengkelan dan Perawatan (KPdP). The merger deed was signed on September 30, 2026, in Cilegon. All four entities are at least 99% owned by KRAS, directly or indirectly. KBK, which produces profile steel and rebar and has operated since 1992, is the largest of the four, with total assets of US$186.3 thousand at the end of the first half. KBI holds US$22.6 thousand, KPdP US$60.8 thousand, and KK US$139, bringing combined assets to about US$269.8 thousand (around IDR 4.83 billion). KRAS says the merger is in line with its business strategy and will not affect operations, legal or financial conditions, or business continuity.

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