PT SBS Targets IPO

Since its acquisition by PT Bukit Asam (BA) through PT Bukit Multi Investama (BMI) on January 28, 2015, PT Satria Bahana Sarana (SBS) is entering its 9th year in 2024. Through hard work, dedication, and collective commitment, PT SBS has achieved many commendable accomplishments.

The CEO of PT SBS, Agung Pratama, revealed the efforts undertaken by the company to face challenges and achieve the set corporate goals.

These efforts include enhancing employee competencies, conducting specialized maintenance on production equipment with rejuvenation planning, and consistently adhering to and improving Good Mining Practice.

"All three of these aspects are in line with the company's Long-Term Plan (RJPP) of PT SBS," said Agung.

Throughout 2023, PT SBS successfully exceeded the production target beyond the 2023 production RKAP.

"The production achievement in 2023 showed a significant increase compared to the 2023 production RKAP and the realization in 2022. This success is also inseparable from the full support of PT BA and PT BMI as the parent companies," explained Agung.

According to Agung, all the achievements attained are not without the active and productive contribution of employees, enabling the company to maximize existing potentials to improve its performance.

"Therefore, employee competency development must be carried out in a programmed and sustainable manner so that the company can grow and develop to face all challenges," Agung said.

In addition to continuing PT SBS's positive trend, several plans have been prepared to enhance the company's productivity. First, rejuvenating equipment at several project sites, then preparing plans for new projects in early 2025, with all preparations to be made in 2024.

"The implementation of new project operations in 2024, coincidentally located outside the South Sumatra region," he said.

Another plan that is also a significant goal for PT SBS is the Initial Public Offering (IPO) on the Indonesia Stock Exchange to obtain capital aimed at increasing working capital, expanding business, and providing an opportunity for investors to participate in the company's growth and add value to stakeholders.

"We hope that this IPO can be realized according to the initial schedule," he stated.