Delta Dunia Makmur - We Produce and Export Affordable Thermal and Coking Coalby Rudy P. SysAdmin at howtofindthemoney
PT Delta Dunia Makmur Tbk. (the “Company”) or more commonly referred to as Delta Dunia is a publicly listed company established under the laws of the Republic of Indonesia and domiciled in Jakarta. The Company’s shares have been listed on the Jakarta Stock Exchange (currently Indonesia Stock Exchange) (“IDX”) since June 15, 2001 with the trading code DOID (DOID.JK).
As a holding company, the Company has an operational subsidiary, PT Bukit Makmur Mandiri Utama (“BUMA”), one of Indonesia’s largest coal-mining contractors by production volume. In December 2021, BUMA, through BUMA Australia Pty. Ltd., a wholly-owned subsidiary of BUMA, acquired Open Cut Mining East in Australia, formerly a business segment of Downer EDI Mining Pty. Ltd (“BUMA Australia”). The Company also has two other subsidiaries, namely PT Banyubiru Sakti (“BBS”) and PT Pulau Mutiara Persada (“PMP”), which are currently non-active entities.
As a publicly-listed company, 37,86% of the Company’s shares are owned by Northstar Tambang Persada, Ltd., consisting of Souls Humanity Pte. Ltd., with the remaining shares owned by public shareholders.
The Company is committed to excellence in all aspects of its business to create value for its shareholders and stakeholders.
The Company was initially established on November 26, 1990, under the name of PT Daeyu Poleko Indonesia. Since then, the Company has undergone several name changes over the years, and lastly, it was named PT Delta Dunia Makmur Tbk. in 2009.
At the beginning of its establishment, the Company was engaged in the export-oriented textile business, manufacturing various types of rayon, cotton, and polyester threads. The Company then changed its business strategy by selling its textile manufacturing in February 2008 and transformed its business by focusing on developing commercial and industrial properties in Indonesia.
In November 2009, the Company acquired 99.9% shares of BUMA and subsequently, divested its property business. Since then, the Company’s main business has been focused on coal mining contractor services.
BUMA’s acquisition of BUMA Australia aligns with the Company’s strategy to continue discovering and seizing diversification and expansion opportunities to complement and strengthen its business portfolio, expanding its geographical outreach and capabilities.
The Company, and all its subsidiaries, aims to be a leader in the provision of total mining services and create optimum value for its shareholders and stakeholders.
Created on Oct 12th 2022 16:01. Viewed 165 times.
No comment, be the first to comment.