PT Benteng Api Technic Tbk

PT Benteng Api Technic Tbk

IIDX:BATR
99.00
IDR
0.00
(0.00%)
PT Benteng Api Technic Tbk
IDX:BATR
(Indonesia Stock Exchange)

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99.00

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Business
PT Benteng Api Technic Tbk (BATR.JK), also known as BAT Refractories, manufactures and sells refractory products including fire clay bricks, high alumina bricks, refractory bricks, refractory cement under the Neocast and Neoset brands, and refractory materials such as Neoplast and Neoram; it also provides monolithic refractories like refractory mortar, castable refractories, gunning castable, plastic refractories, engineering services encompassing consultation, product selection, refractory layer design, and heat transfer calculations, as well as installation, procurement, applicator, and contracting services for refractories, insulation, mechanical works, fire brick installation, casting, ramming, and gunning. The company, founded in 1997 and headquartered in Surabaya, Indonesia, with manufacturing facilities in Gresik, East Java, primarily serves industries including iron and steel, aluminum and copper smelting, nickel smelters, petrochemicals and fertilizers, oil and gas, power generation, cement and lime, paper processing, palm oil, food and beverage, and others; it operates mainly in Indonesia and maintains ISO 9001:2015 quality certification, SMK3 and CSMS safety certifications for high-risk works, and ISO 14001:2015 environmental standards. In June 2024, the company completed its initial public offering on the Indonesia Stock Exchange, raising IDR 72.18 billion, and utilized approximately IDR 24.9 billion in IPO proceeds to acquire land and buildings from affiliated parties including its president director and president commissioner; it plans to commence construction of a new 1.64-hectare factory in Gresik in 2025 using additional IPO funds to produce specialized fire bricks and monolithic refractories for cement, nickel, and copper smelter industries, with operations targeted for 2026.