Barito Pacific Tbk, PT
PT Barito Pacific Tbk was established on 1979 under the name of PT Bumi Raya Pura Mas Kalimantan. The Company started out as an wood based company.
Barito Pacific is one the pioneers of sustainable HTI (Hutan Tanaman Industri, the Indonesian term for industrial forest estate). With this first truly sustainable industrial timber estate operations in Indonesia at the time, The Company quickly built a reputation for being one of the early environmentally-focused wood-based company to emerge from Asia.
In 1993 the Company listed its shares on the Jakarta and Surabaya Bourses (recently merged to become the Indonesia Stock Exchange IDX). The result of this listing was used by the Company to embark on a massive industrial forest plantation development programs and to secure sustainable supply of logs to feed supply the Company's wood processing mils. At the time, the Company had 5 processing mils altogether, producing plywood, blackboards, particle boards and woodworking products for exports to Europe, Asia, and America.
The Company changed its name to PT Barito Pacific Timber Tbk in 1996, continued its operations in wood based company and was consistently an environmentally friendly company that produce high quality products .
An inconducive climate pervading over the timber industry in Indonesia since the late 90s, following the Asian financial crisis, had forced the Company to shut down 2 of its mils between 2004 -2007, although Barito Pacific is still exporting ply woods, Particle Boards, and Blackboards today from its 3 timber estate operations in South Kalimantan and North Maluku.
To cope with the inconducive climate that continues to cast a shadow over the industry, the Company pursued the strategy of downsizing its timber -based operations, whilst diversifying its business into other resource-based industries.
Preceded by several years of thorough planning and preparation, the transformation of Barito Pacific Timber Group into a fully diversified resource-based enterprise marked a major milestone for the Company in 2007.
One of key decisions in the Company on-going transformation was the change of name, identity, and colors of PT Barito Pacific Timber Tbk to those of PT Barito Pacific Tbk. The Company decided to drop the word Timber to reflect the diversified scope of its businesses today and in the future.
The acquisition of PT Chandra Asri in 2007 which made the Company the controlling majority shareholder with 70% shares in the only olefin producer in Indonesia, marks a key milestone for Barito Pacific. The inclusion of Chandra Asri in the Company portfolio has given Barito Pacific a strategic base from which to grow downstream oil-and-gas businesses, while in the same time also continue to seek opportunities to develop stakes in the strategic energy resources sector in the future. That acquisition then followed by the acquisition of Tri Polyta, a major downstream producer of polypropylene that sourced its propylene raw material from Chandra Asri, in June 2008.
Barito Pacific will be engaged in the forestry, petrochemicals, and property industry sectors, and ultimately evolved into a fully diversified resource-based enterprise with growing interests in the plantation, mining, and energy sectors, among other developments.(http://barito-pacific.com/)
|Address:||Wisma Barito Pacific Tower B Lt. 9, Jl. Let.Jend. S. Parman Kav. 62-63|
|Exchanges:||JAK||Sub Industry:||Gypsum, Lumber & Building Supplies||Currency:||Indonesian Rupiahs||Employees:||1,686|
|Fiscal Yr Ends:||December||Market Cap:||73,123,422,068,580 (IDR)|
|Share Type:||Ordinary||Share Outstanding:||17,791,586,878|
|Country||INDONESIA||Closely Held Shares:||3,668,470,016|
|Established||4th Apr 1979||Listing:||1st Oct 1993|
|Closing Price:||4110 (IDR)||Data As Of:||25th Apr 2019|