WIKA new contracts hit Rp9.78 T (+57.9% yoy) under new discipline: 'selective tenders, clear funding, healthy payment terms'
WIKA booked Rp9.78 trillion in new contracts through September 2026, up 57.9% year on year. Composition: construction-support industry 36.3%, infrastructure & buildings 31.3%, energy & industrial plants 27.2%, property 5.2%. Clients: state-owned enterprises 49.5%, government 29.1%, private 19.5%. Projects cited: JBH Section 6B in East Kalimantan, Garuda School in North Kalimantan, Weda Regional Hospital in North Maluku, and the revamp of Garuda Yamato Steel's beam plant (targeted for April 2027).
WIKA booked Rp9.78 trillion in new contracts through September 2026, up 57.9% year on year. Composition: construction-support industry 36.3%, infrastructure & buildings 31.3%, energy & industrial plants 27.2%, property 5.2%. Clients: state-owned enterprises 49.5%, government 29.1%, private 19.5%. Projects cited: JBH Section 6B in East Kalimantan, Garuda School in North Kalimantan, Weda Regional Hospital in North Maluku, and the revamp of Garuda Yamato Steel's beam plant (targeted for April 2027). Key quote: "we continue to be selective in participating in tenders, prioritizing projects with clear funding sources and healthy payment schemes, in line with the recovery effort"