Company Profile
Established on April 19, 1971, PT Voksel Electric Tbk. (“the Company”) is engaged in cable industry. In 1989, the Company changed the status into a foreign capital investment through a joint venture agreement with Showa Electric Wire & Cable Co. Ltd. (“Showa”), a prominent cable company in Japan that has changed its name into SWCC Showa Cable Systems Co. Ltd. since 2006. In line with the rapid development of cable industry and more aggressive strategic growth, the Company held its initial public offering on the Jakarta Stock Exchange (now is the Indonesia Stock Exchange) and Surabaya Stock Exchange on December 20, 1990. With preservation and dedication from all the Company’s management and staff, the Company successfully positioning itself as one of the leading cable manufacturers in Indonesia. The Company’s core businesses include manufacturing of power, telecommunication, and fiber optic cables.
Through its continuous pursuit for quality excellence, the Company was awarded numerous international quality certificates, such as ISO 9001:2015 from SGS Yarsley International Certification Services, Ltd. The Company is highly committed to prevent environmental pollution and enhance the safety and health in the working environment. In line with this commitment, the Company has obtained ISO 14001:2015 and ISO- 45001:2015. from SGS Yarsley International Certification Services, Ltd. The Company also obtained SMK3 certificate in 2018. Besides, the Company obtained KEMA Certificate from KEMA Nederland B.V. and TUV certificates. At the beginning of 2016, the Company participated in development and research related to new products that will be launched in the following years. The company is also expanding by adding business lines for high voltage. In 2020, the Company began to expand capacity and production area for this product, and in 2023, a 42.97% stake was taken over by Hengtong Optic-Electric International Co., Ltd.
MARKET SEGMENT
The Company markets its products both domestically and internationally. For domestic market, majority sales stems from PT Perusahaan Listrik Negara ("PLN') and PT Telekomunikasi Indonesia Tbk ("Telkom'). In addition, the Company also supplies free market cables to contractors and distributors. For export sales, the Company markets to various countries such as: Singapore, Malaysia, Timor Leste, Philippines, Thailand, Vietnam, Cambodia, Myanmar, Nepal, Bhutan, India, Sri Lanka, Bangladesh, Pakistan, Afganistan, UAE, Yemen, Saudi Arabia, Qatar, Lebanon, Iraq, Jordan, Egypt, Japan, South of Korea, Australia, Panama, Brazil, Kenya, Tanzania, DR of Congo, Rep of Congo, Nigeria, Ethiopia, Mozambique, Uganda, Eritrea, Malta, Mauritius, Cyprus, Seychelles, Liberia, Haiti, Suriname, Palestina, Hong Kong, Taiwan, China, Samoa, Chile, Ecuador, Brunei, Gabon, Ghana, Angola, Ivorycoast, Burundi, Rwanda, Madagascar.
PRODUCT RANGE
Bare Copper Conductor (BCC):
Soft Drawn, Half Drawn, and Hard Drawn.
Bare Aluminum Conductor:
All Aluminum Conductor (AAC), All Aluminum Alloy Conductor (AAAC), Thermal Aluminum (TAL), Hard Drawn Aluminum (HAL), Aluminum Conductor, Steel Reinforced (ACSR),Aluminum Conductor, Aluminum Clad-Steel Reinforced (ACSR/AS), Thermal-Aluminum Conductor Steel Reinforced(T-ACSR), Thermal Resistant Aluminum Alloy, Aluminum CladSteel Reinforced (T-ACSR/AS), Aluminium Conductor Composite Core (ACCC), Optical Ground Wire (OPGW) Galvanized Steel Wire(GSW ) Aluminum Clade Steel wire (AS)
Power & Control Cable:
High, Medium, Submarine cable and Low Voltage, Cross Linked Polyethylene (XLPE) Insulated Cable, Polyethylene (PE) Insulated Cable, Polyvinyl Chloride (PVC) Insulated Cable Fire, Resistance cables (FRC), Flame Retardant (category A, B,C), Control & Instrument Cables
Optical Fiber Cable:
All Dielectric Self Supporting (ADSS), Aerial Cable, Duct Cable, Armor/Buried Cable, Fibre To The Home (FTTH)/Single Core Per Tube, (SCPT) Cable, Air Blowing Micro Duct Cable, Submarine Fiber Optic Cable
COMPANY OUTLINE
| Establishment | : April 19, 1971 |
| Authorized Capital | : Rp. 2 trillion |
| Paid Up Capital | : Rp. 415,560,259,500 |
| Employee | : ± 906 |
COMPANY HISTORY
| 1971 | : | Initiating the production of low voltage electrical cable and wire, in its factory, in Pulo Gadung. |
| 1975 | : | Expansion of facilities to produce enameled wire, and automotive cable. |
| 1980 | : | Acquired 60% of PT. Alcarindo Prima’s shares, producer of aluminum wire rods, and 40% of PT. Alcas Dharma Pratama’s shares, producer of aluminum casting alloys. |
| 1983 | : | With the support of the subsidiaries, PT Voksel Electric Tbk., expanded into a wider range of products, producing low voltage aluminum XLPE cable, and aluminum conductors. |
| 1987 | : | Marking the start of the commercial production of the telecommunication cable in Cakung Factory. |
| 1989 | : | This year marked an important change in status, from a domestic investment company into a foreign investment and joint venture operation with Showa Electric Wire & Cable Co., Ltd., Japan, which has facilitated the transfer of technology, while readily opening up export markets. This year also marked Voksel’s further business expansion by obtaining 25% of PT. Kawat Mas Prakarsa in Tangerang, producer of electrical cable. |
| 1990 | : | The globalization of markets are placing increased demands on quality, product range, and quantity of supply. Supporting further its expansion program, Voksel’s shares were listed on Jakarta and Surabaya Stock Exchange, and successfully generated the required fund. |
| 1991 | : | The expansion of advance and higher output production facilities in Cileungsi Factory, Bogor. |
| 1993 | : | Commercial production of medium voltage cable in Cileungsi. |
| 1994 | : | PT. Voksel Electric TBK successfully introduced its second right issues into the Stock Exchange markets. |
| 1995 | : | Through its consistent and in-depth transfer of technology program, PT. Voksel Electric Tbk. acquired the ISO 9002 : 1994 award, a recognition extending over its factories and entire product range. |
| 1996 | : | Releasing bonus shares. |
| 1997 | : | Developing new technology by producing Optical Fiber Cable through Technical Cooperation with Showa Electric Wire & Cable Co., Ltd., Japan. |
| 1999 | : | Succeeded to achieve ISO 1991 : 1994. |
| 2003 | : | The Management system of PT. Voksel Electric, Tbk. has been assessed and certified as meeting the requirements of ISO 9001 : 2000 from SGS Yarsley International Certification Services, Ltd. |
| 2004 | : | Prima Mitra Elektrindo - a subsidiary trading company was established with 99% ownership by Voksel. |
| 2004 | : | Cakung Factory and Gajah Mada Head Office were consolidated into Cileungsi Factory. |
| 2005 | : | PT. Voksel Electric, Tbk. has decided to discontinue its Enameled Wire division since June 2005, in order to improve the operating profit. |
| 2006 | : | Bangun Prima Semesta - a subsidiary trading and construction company was established with 96 % ownership by Voksel. |
| 2008 | : | Expansion of Fiber optic capacity to 1 million single core km. |
| 2010 | : | The Management system of the Company has been assessed and certificated as meeting the requirement of ISO 14001 and OHSAS 18001. |
| 2012 | : | Open an Al Casting Division and Producing EC Grade and Alloy. |
| 2015 | : | Started developing and manufacturing High Voltage Electric Cables. |
| 2016 | : | The Company continues to enrich its manufacturing capability of products by producing OPGW. |
| 2016 | : | DBS VICKERS (HONG KONG) Limited A/C Client takes over 30.08% stake in the company |
| 2017 | : | Stock Split from 500 to 100 shares |
| 2019 | : | The Company produces Submarine Cables |
| 2020 | : | Start of Solar Cable production |
| 2023 | : | 42.97% shares taken over by Hengtong Optic-Electric International Co., Ltd |
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