PT Bakrie & Brothers Tbk (“BNBR” or “Bakrie & Brothers” or “the Company”) was founded in 1942 by the late H. Achmad Bakrie (1916-1988).
The Company’s journey begins with the story of a simple commercial business which then develops, and after continuing to grow for more than 75 years, is now engaged in the business of investment and / or divestment; carved out various achievements and led the Company to become one of the leading corporations in Indonesia.
The Company listed on the Jakarta Stock Exchange (now the Indonesia Stock Exchange) in 1989. BNBR’s investment portfolio approach is in mastering potential businesses, developing long-term business synergies, and designing and implementing value creation strategies.
In this new era, BNBR’s business activities have expanded to include general trading, construction services, agribusiness, coal mining, oil & gas, and telecommunications; while continuing to develop manufacturing that had begun in the 1950s such as steel pipes, building materials, and automotive components. The Company also participates in strategic infrastructure development efforts in the energy and transportation sectors. This business diversification has opened up opportunities for the Company to contribute to national development.
In 2014, through its subsidiaries and affiliated companies, the Company has established a business strategy and focus on the manufacturing industry, infrastructure development, and investment portfolio as the main pillars of its business. This strategy is an appropriate step to strengthen businesses and obtain sustainable income, while responding to opportunities that are wide open and in line with national development plans that focus on infrastructure development.
BNBR stands on a solid and noble foundation, develops to form a strong investment base and creates sustainable value as one of the leading corporations in Indonesia. BNBR aspires to continue to be a business entity that can always support employees with the wider community, provide more value for shareholders and stakeholders, and actively participate in the development of the Indonesian economy.