Jakarta. Concrete maker Waskita Beton Precast posted new contracts worth Rp 1.03 trillion (around $63.7 million) in the first quarter of 2024, up by almost twofold or around 137.57 percent versus what it recorded in the same period last year.

Most of the new orders came from the construction services segment, which stood at Rp 432.38 billion. The company --known by its ticker symbol WSBP-- claimed that they had achieved 40 percent of the new contract target they had set. 

WSBP to date has secured contracts for some “major projects”, among others, the Serang-Panimbang Section III toll road. It has also got a construction project deal for the container yard and supporting infrastructure at the Batu Ampar Container Terminal. The concrete maker, which is a subsidiary to the state-owned construction giant Waskita Karya, is also working on the Nusantara International Convention and Exhibition Project @District 18 PIK 2 and the Probolinggo-Banyuwangi toll road.

WSBP has three business lines: precast concrete (pre-produced concrete), ready-mix concrete (ready-to-use concrete), and construction work.

From a value standpoint, about 20.27 percent of the new contracts came from the precast sector, with the deals worth approximately Rp 207.97 billion. The ready-mix orders were worth around Rp 383.1 billion, making up 37.34 percent of the contract value, according to WSBP’s vice president of corporate secretary Fandy Dewanto.

“Thanks to the project owners’ trust and satisfaction in our construction business, WSBP is able to build sturdy infrastructure projects that can be used by the wider community,” Fandy said, while claiming that the new contract value of the said segment had jumped 1,174 percent versus last year.