by CORCOM | Mar 8, 2023 | Uncategorized, Uncategorized, Uncategorized, Uncategorized, Uncategorized, Uncategorized
Handover of souvenirs from UT to the Jembrana Regency Government.
Bali, March 8th, 2023 – PT United Tractors Tbk (UT) has extended its commitment to improve the quality of biodiversity throughout Indonesia. This time, UT visited the Kesatuan Pengelolaan Hutan (KPH) or Forest Management Unit area in West Bali as a form of participation in the simultaneous tree planting of villages throughout Indonesia and efforts to strengthen the Kelompok Tani Hutan (KTH) or social forestry program at the Giri Amerta Forest Farmers Group, West Bali, last Wednesday (08/03).
Strengthening the social forestry program is UT’s commitment in implementing a sustainable business under the public contribution pillar. This program is one of UT’s efforts as an Indonesian private company in supporting government policies, specifically Regulation of the Minister of Environment and Forestry No. 9/2021 concerning Social Forestry Management.
Head of Corporate Governance and Sustainability Division, Sara K. Loebis explained that UT understands the importance of strengthening social forestry for the sustainability of all living things. Therefore, it needs support from all parties including elements of the local community. In this program, UT is committed to care for, maintaining and supervising flora and fauna, calculating carbon sequestration, and carrying out all the pillars of corporate social responsibility in the fields of environment, economy, education, disaster and health.
“I hope with this visit, UT can get support from all parties to actively participate in creating a better environment. In addition, this can support the government’s environmental and forestry program called Indonesia’s Forestry and Other Land Use (FOLU) Net Sink 2030, with the objective of mitigating climate change to reduce pollution, absorb CO2 and increase carbon stocks,” said Sara K. Loebis.
UT and the Jembrana District Government carried out the symbolic tree-planting procession.
In this collaboration, UT seeks to delivering a real contribution through revegetation by planting and maintaining forest areas. This sustainability initiative is the Company’s step in implementing ESG (Environmental, Social, & Governance) principles in all regions of Indonesia so that it can maintain biodiversity, and improve people’s welfare through economic development programs.
From the Jembrana Regency Government data, the West Bali KPH area is currently managing an area of 38,000 hectares as of 2023. From this area, only 18,000 hectares are covered by forest, meaning that the remaining forest has not provided maximum benefits. This background is also one of the reasons for UT to collaborate in expanding the revegetation area in the Province of Bali.
The Regent of Jembrana, I Nengah Tamba, who also attended the collaboration program, explained that the management of farmer’s forests refers to three categories, which are core, special, and utilization blocks. The utilization block will be allocated for community welfare such as planting trees that bear fruit, forest areas that are used as tourist attractions, and others that potentially have a good impact on the environment and the surrounding community. On the other hand, the potential number of direct beneficiaries of this program reaches 4,930 people per year, with a long term of up to five consecutive years.
“I hope with UT’s program, we can work together with the government to be able to repair more forests, so that they can provide maximum benefits for the environment and wider society. Apart from supporting the planting of trees that can provide value to the community, it is hoped that UT can support the planting of rare trees to maintain the balance of the ecosystem for the wellbeing of the earth,” said I Nengah.
This visit was then closed by UT with a symbolic tree planting. There are four types of fruit (trees) planted as an example for future reference of this revegetation programs, the fruit are Durian, Avocado, Nutmeg and Mangosteen trees. These four plants were chosen because they have the ability to absorb high carbon.
Through this activity, UT aims to improve the relationship with local governments, to create further collaborations that provide benefits and effective added value for environmental restoration, welfare and sustainability of the surrounding community, while also building an inclusive and sustainable economy for all regions in Indonesia.
United Tractors’ Overview
PT United Tractors Tbk (UT) which is known as the largest heavy equipment distributor in Indonesia has been established since 1972. Currently, UT has grown and has six business pillars, namely Construction Machinery, Mining Contracting, Coal Mining, Gold Mining, Construction Industry, and Energy. As its contributions to the achievement of Sustainable Development targets (SDGs). UT consistently carries out activities to uphold sustainability.
ESG United Tractors
As a world-class heavy equipment, mining and energy company with more than 50 years of experience in Indonesia, UT is committed to presenting a sustainable future for Indonesia through the effective application of ESG principles by paying attention to the environment, having a good impact on society, and upholding good corporate governance. good corporate governance at all levels of its business operations, as well as optimizing its competencies, expertise, and strategic assets to bring added value to all stakeholders and the Indonesian people.
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For more information, please contact:
Sara K. Loebis
Head of Corporate Governance and Sustainability Division
PT United Tractors Tbk
Email : ir@unitedtractors.com
Address : Jl. Raya Bekasi Km.22 Cakung, Jakarta Timur 13910
Telp. : (62-21) 3511961, Fax : (62-21) 3441413
Medsos : IG (@unitedtractorsofficial & @ceritadi.ut)
Website: www.unitedtractors.com
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by CORCOM | Feb 27, 2023 | Uncategorized
27 February 2023 – Jakarta
Today PT United Tractors Tbk (“the Company”) released its consolidated financial statements for the full year 2022. As of 31 December 2022, the Company recorded net revenue of Rp123.6 trillion, increased by 56% compared to Rp79.5 trillion in 2021. In line with the increase in net revenue, the Company’s net profit was up by 104% to Rp21.0 trillion, from Rp10.3 trillion.
Overall, to the Company’s consolidated net revenue, the Mining Contracting segment contributed 38%, followed by 30% from Construction Machinery, 25% from Coal Mining, 6% from Gold Mining, 1% from Construction Industry, and less than 1% from Energy.
Construction Machinery Segment
The Construction Machinery segment recorded an increase in Komatsu sales volume by 86% to 5,753 units from 3,088 units. Based on internal market research, Komatsu leads the market with a 28% market share. Revenue from spare parts and maintenance services also increased by 33% to Rp10.4 trillion.
Sales volume of UD Trucks increased from 375 units to 429 units, while Scania products decreased from 545 units to 233 units due to limited supply availability. In total, the Construction Machinery segment recorded net revenue of Rp36.5 trillion increased by 60% compared to last year.
Mining Contracting Segment
The Company operates its Mining Contracting segment through PT Pamapersada Nusantara (PAMA). As of December 2022, PAMA recorded net revenue of Rp47.4 trillion, up by 43% from Rp33.2 trillion. PAMA recorded coal production amounting to 116 million tons, relatively the same as last year and a 12% increase in overburden removal volume from 852 million bcm to 954 million bcm, with an average strip ratio of 8.2x, increased from 7.3x.
Coal Mining Segment
The Company’s coal mining business segment is operated by PT Tuah Turangga Agung (TTA). TTA operates two thermal coal mines: PT Asmin Bara Bronang (ABB) and PT Telen Orbit Prima (TOP), as well as one metallurgical coal mine: PT Suprabari Mapanindo Mineral (SMM).
As of December 2022, TTA recorded total coal sales volume of 9.9 million tons, increased by 10% from 9.0 million tons last year, including 2.4 million tons of metallurgical coal from SMM. Coal Mining segment recorded 127% increase in net revenue to Rp31.1 trillion from Rp13.7 trillion due to higher average coal selling price.
Gold Mining Segment
The Company’s gold mine business is operated by PT Agincourt Resources (PTAR). PTAR operates Martabe gold mine located in North Sumatra. Until December 2022, total sales volume of gold equivalent from Martabe was 286 thousand ounces, lower by 13% compared to 330 thousand ounces last year, due to lower grade extraction. Gold mining segment recorded net revenue of Rp7.7 trillion, decreased by 8% from Rp8.3 trillion. The average selling price for gold was US$1,802 per ounce, increased by 2% compared to US$1,760 per ounce in 2021.
Construction Industry Segment
The Construction Industry segment is represented by PT Acset Indonusa Tbk (ACSET). As of December 2022, Construction Industry reported net revenue of Rp949 billion, compared to Rp1.5 trillion in 2021. ACSET recorded a net loss of Rp449 billion, improved compared to the net loss last year at Rp696 billion. The net loss was mainly due to the slowdown of several ongoing projects.
Energy Segment
In line with the Company’s business development strategy in green energy sector, the Company has determined renewable energy business as one of its transition strategies. To accelerate the development of renewable energy, by the end of 2021 all energy businesses in the group have been consolidated through PT Energia Prima Nusantara (EPN). Until December 2022, EPN has installed 6.2 MWp Rooftop Solar PV across UT and Astra group.
The Company currently operates one mini hydro power plant namely PLTM Kalipelus 0.5 MW in Central Java and in the process of constructing another mini hydro power plant, PLTM Besai Kemu in Lampung, Sumatra. The capacity of PLTM Besai Kemu is 7 MW and is expected to operate in 2023. In addition, the Company also targets several mini hydro projects in Sumatra area with total potential of more than 20 MW.
In August 2022, the Company through its subsidiary invested in PT Arkora Hydro Tbk (Arkora) with a 31.49% shareholding. Currently, Arkora operates two Mini Hydro Power Plants, i.e. PLTM Cikopo 2 located in West Java with the capacity of 7.4 MW, and PLTM Tomasa located in Central Sulawesi with the capacity of 10 MW. On top of those, Arkora has two PLTM projects under construction stage, i.e. PLTM Koro Yaentu with a capacity of 10 MW and PLTM Kukusan 2 with a capacity of 5.4 MW, both are expected to operate in 2023 and 2025. When the operation starts, Arkora will own power plants with a total capacity of 32.8 MW.
The Company plans to develop other types of renewable energy, such as solar PV, geothermal, wind power, and waste-to-energy projects. These projects are consistent with UT’s strategy to increase its competence in various renewable energy potentials to achieve a sustainable business portfolio.
Event Highlights
On 3 December 2022, the Company through its subsidiary, PT Danusa Tambang Nusantara (Danusa) signed a Conditional Shares Sale and Purchase Agreement (CSPA) to acquire 90% of the shares of PT Stargate Pacific Resources (SPR) and 90% of the shares of PT Stargate Mineral Asia (SMA). SPR is a company that holds mining business license for nickel production operation in North Konawe, Southeast Sulawesi, which has low – high grade nickel reserves; while SMA is a company that holds license to develop and operate nickel processing facility (smelter). This corporate action was part of the Company’s strategy to diversify and expand the business portfolio into nickel commodities.
On 12 January 2023, the Company submitted a disclosure information regarding the result of the buyback of shares issued by UT. During the buyback period (from 12 July 2022 until 11 January 2023), the Company has repurchased 98,326,000 shares or equal to Rp3.2 trillion.
A Final Dividend of Rp6,185 per share (2021: Rp905 per share) will be proposed at the Annual General Meeting of Shareholders of the Company to be held in April 2023. The proposed Final Dividend, together with the Interim Dividend of Rp818 per share (2021: Rp335 per share) distributed in October 2022, will bring the total dividend for 2022 to Rp7,003 per share (2021: Rp1,240 per share).
The enhanced Final Dividend is proposed on the basis of strong profitability supported by unprecedented high coal prices and solid operational performance. The Company remains confident in its fundamental operating strength and strong balance sheet, which enables it to continue deploying capital in Indonesia and to accelerate its transition strategy towards increasing its non-coal revenue, as well as return some excess capital to shareholders.
For further information, please contact the following:
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Corporate Secretary
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: Sara Loebis
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Email
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: ir@unitedtractors.com
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Address
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: Jl. Raya Bekasi Km.22 Cakung, Jakarta Timur 13910
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Phone
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: (62-21) 24579999, Fax: (62-21) 4600655
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by CORCOM | Feb 16, 2023 | Uncategorized
Makassar, February 16th, 2023 – The high rainfall conditions in almost all around Makassar caused flooding in several areas. As a result, many residents had to evacuate to safer places. UT Group always realizes its commitment to carry out social responsibility and implementing ESG (Environmental, Social, and Governance) in the Company through various programs, including UTACTION (United Tractors for Emergency Response and Action), a CSR program in the field of Disaster Management. The program was implemented through activities carried out by UT Makassar Branch on Thursday, (16/02) by mobilizing volunteers to distribute support to employees’ families and affected communities.
The support distribution to employees’ families was carried out in Batua, Borong Raya, Sudiang, Minasa Upa, Gatot Subroto, and Monginsidi. Meanwhile, the support provided to the affected community was focused within UT Makassar Branch’s operational area, namely Karampuang Village. The support provided was 41 basic necessities packages for employees’ families and the community surrounding the Company’s operational area.
“The activities carried out were a concrete manifestation of UT’s concern for society, regardless of how close they are to the Company’s operational area. We strengthen ESG implementation to have more impact on society.” Said Anton, UT Makassar Branch Administration Department Head.
UT’s commitment to community development and welfare is a form of corporate sustainability contribution through ESG implementation. This is in accordance with the Company’s goal of creating added value for stakeholders and the Indonesian People.
by CORCOM | Feb 14, 2023 | Uncategorized
Jakarta, February 14th,2023 – The UT Group won another victory at the 39th InnovAstra award event with “Accelerating the Transition Through InnovAstra” as the theme. This award was held through live streaming, and was opened directly by Fachrul Bahtiar, 39th Chairman of InnovAstra. Then, this event was followed by a speech by Djony Bunarto Tjondro, President Director of Astra International, who appreciated and motivated the finalists and innovation drivers within Astra Group.
“Innovations must be balanced with the ability to survive, adapt, and develop in parallel so that our steps are swift, fast, precise, and rhythmic in a turbulent situation. It is essential for a corporation to continue to learn, be prepared, and be careful in making transitions filled with high levels of competition, changing landscapes, and challenges. By accelerating the Transition through Innovation, Astra’s foothold is hoped to become stronger to achieve Astra’s 2030 goal, namely “Pride of the Nation.” said Djony Bunarto Tjondro, President Director of Astra International.
The main event in this session was the awards given to the best Astra subsidiaries that have successfully implemented innovations in their respective companies. This year, there are more than 1.4 million innovation projects collected from Astra Group all across Indonesia. UT Group sent 39 finalists to this event, of which 26 finalists managed to qualify as grand finalists, and 16 of them won the Championship. This victory fosters UT Group’s enthusiasm to continue bringing the best legacy and grow quality and beneficial innovation projects for all of us.
The 39th InnovAstra Award winners are listed below:
by CORCOM | Feb 9, 2023 | Uncategorized
Forest cultivators (Pesanggem) attended pest and plant disease control training at Mount Arjuno Forest Area KPH Malang.
Batu, February 9th, 2023 – PT United Tractors Tbk (UT) aims to support to increase the yield quality of local fruit cultivation by holding training in pest and plant disease control at the Mount Arjuno Area, Forest Management Unit (KPH) Malang, Batu City, on Friday January 27th, 2023. This activity was attended by forest cultivators (Pesanggem) who have planted 65 hectares of avocados in the area. The training material was delivered directly by the Lecturer of the Faculty of Agriculture, Department of Plant Pests and Diseases, Brawijaya University, Fery Abdul Choliq, S.P., M.P., M.Sc.
Data presented by Fery showed that the loss of avocado was mainly caused by disease (14.1%), pests (10.2%), and shrubs (12.2%). This condition is the reason behind UT’s training for farmers to help them recognize and decide the right actions to prevent and control plants from disease, pests and shrubs.
UT’s CSR Manager, Himawan Sutanto emphasized that this training is a strategic step for the Company in improving the community welfare around the business operation area. Therefore, UT took the initiative to enhance avocado production with better quality, thus escalating the quality of local farmers’ production, increasing the community’s economic added value, and reducing import frequency related commodities. On the other hand, this initiative is also expected to have a good impact on the stability of avocado products to ensure equitable distribution to all levels of society.
“The agricultural sector is one of the sectors with a large contribution to the Indonesian economy. Therefore, UT continues to encourage local farmers to maximize their entire potential in the hopes of advancing the farmers’ welfare, which in turn could to contribute in improving the local and national economy,” said Himawan Sutanto.
UTREES becomes one of UT’s initiatives that doesn’t only provide a good environmental impact but also developing economic community activities as a form of implementing ESG (Environmental, Social and Governance) aspects. UT believes that a positive contribution through this training can create sustainable aspects for both the economy and the environment in order to achieve a prosperous Indonesian society.
In addition to the training for farmers, UT also provides pesticides as souvenirs which can later be used to treat avocado plants in the hope that farmers will be able to directly implement the materials they learned on disease control on their crop.
UT will consistently try to provide training to farmers so that they can assist in increasing avocado production in line with the consumption needs of the community. This situation is expected to enable and encourage farmers to be more active in cultivating fruit so that the results can meet domestic needs and have the opportunity as export commodity.
United Tractors’ Overview
PT United Tractors Tbk (UT) which is known as the largest heavy equipment distributor in Indonesia has been established since 1972. Currently, UT has grown and has six business pillars, namely Construction Machinery, Mining Contracting, Coal Mining, Gold Mining, Construction Industry, and Energy. As its contributions to the achievement of Sustainable Development targets (SDGs). UT consistently carries out activities to uphold sustainability.
ESG United Tractors
As a world-class heavy equipment, mining and energy company with more than 50 years of experience in Indonesia, UT is committed to presenting a sustainable future for Indonesia through the effective application of ESG principles by paying attention to the environment, having a good impact on society, and upholding good corporate governance. good corporate governance at all levels of its business operations, as well as optimizing its competencies, expertise, and strategic assets to bring added value to all stakeholders and the Indonesian people.
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For more information, please contact:
Sara K. Loebis
Head of Corporate Governance and Sustainability Division
PT United Tractors Tbk
Email : ir@unitedtractors.com
Address : Jl. Raya Bekasi Km.22 Cakung, Jakarta Timur 13910
Telp. : (62-21) 3511961, Fax : (62-21) 3441413
Medsos : IG (@unitedtractorsofficial & @ceritadi.ut)
Website: www.unitedtractors.com
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by CORCOM | Feb 6, 2023 | Uncategorized
Jakarta, February 6th,2023 – Through the CSR program in the field of education UTFUTURE (United Tractors for Education and Bright Future), UT Group provided support for the launch of the new study program Bachelor of Applied science program in Heavy Equipment Maintenance Engineering Technology at Astra Polytechnic on (06/02). The support provided by the UT Group is in the form of supporting facilities in heavy equipment, such as one unit of Komatsu D85ESS-2, Komatsu HD465-7, Forklift Komatsu FD25C-17, and Scania P380. In addition, another assistance provided is a safety centre to provide education about OSH (Occupational Safety and Health) to students.
As companies involved in the heavy equipment sector, the UT Group contributes by holding discussions with Astra Polytechnic to prepare the educational curriculum. This is a form of ESG (Environmental, Social, Governance) implementation and strives to create a link and match between the world of education and industry, which is expected to produce graduates who deliver maximum contribution in heavy equipment fields, mining, and construction.
“Astra Polytechnic expresses its special gratitude for the support from the UT Group starting from the establishment preparation to the launching of the new study program today. Assistance provided by the UT Group, such as practical facilities in the field of heavy equipment and 50 scholarships, further encourages students to maximize all their potential. Moreover, this assistance can attract the interest of the nation’s best talent candidates to be honed and educated in a quality vocational education,” said Tony Harley Silalahi, Director of Astra Polytechnic.
The heavy equipment sector has long been a focus of development by Astra Polytechnic, part of the automotive engine associate degree study program. The Program collaborates with UT School in its operations to run heavy equipment specific classes. To answer the challenges of the industrial world, Astra Polytechnic launched a Bachelor of Applied science program to meet the needs of reliable field HR (Human Resources) with suitable technical competence to achieve that operational excellence.
Through the support, UT Group hopes to realize the sustainability of the nation’s next generation, who have quality competence in the heavy equipment field.
