Indonesia’s Wika Beton pays US$23.5 million to take over CLT

According to the Company Secretary of Wijaya Beton (Wika Beton), Puji Haryadi, the construction company has paid US$23.5 million (€18.14 million) to take over 90% of shares in Citra Lautan Teduh (CLT). CLT produces pre-tensioned spun concrete pile sold under the Tekcon brand and has an output capacity of 100,000tonnes/year. The acquisition of the company in Batam will help Wika Beton to expand its business and increase its output capacity as well as marketing area.

September 23, 2014 Read time: 1 min

According to the Company Secretary of Wijaya Beton (7885 Wika Beton), Puji Haryadi, the construction company has paid US$23.5 million (€18.14 million) to take over 90% of shares in Citra Lautan Teduh (CLT).

CLT produces pre-tensioned spun concrete pile sold under the Tekcon brand and has an output capacity of 100,000tonnes/year.

The acquisition of the company in Batam will help Wika Beton to expand its business and increase its output capacity as well as marketing area.

Quarry Products

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Wika Beton

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