|
|||||||
 |
|
|
|
|
 |
|||||||||||||||
PT. TIMAH (PERSERO) TBK. Head office Address: Jl. Jenderal Sudirman 51 Representative Office Address: Jl. Medan Merdeka Timur No. 15 Marketing Department Address: Jl. Jenderal Sudirman 51 ABOUT PT. Timah (Persero) Tbk. acts as the central institution to develop and manage the corporate strategy and ensuring collaboration between its subsidiaries towards process creation and value added. PT. Timah (Persero) Tbk. defines corporate structure; marketing strategy; generates budget and capital procurement; manages corporate financial and it subsidiaries; formulates values, norms, and corporate style; determines business development, either acquisition or alliance, depending on the requirement. VISION Become a world class mining company and global tin market leader. MISSION
OUTLINE STRATEGY
HISTORY PT. Timah (Persero) Tbk. inherited a long history of tin mining in Indonesia. This has been continued for more than 200 years. The tin mineral resources in Indonesia were found in the land and the surrounding waters of the islands of Bangka, Belitung, Singkep, Karimun, and Kundur. During the colonial era, tin mining in Bangka was controlled by the colonial government enterprise "Banka Tin Winning Bedrifj" (BTW), while in Belitung and Singkep they were managed by Dutch private companies, Gemeenschappelijke Mijnbouw Maatschappi Biliton (GMB) and NV Singkep Tin Exploitatie Maatschappij (NV SITEM). A decade after the Declaration of Independence of the Republic of Indonesia, three entities were nationalized during 1953-1958. Together they consolidated of three State Enterprises. The State Tin Enterprises Coordinating Board (BPU PN Tambang Timah) was established in 1961 to oversee the three State Tin Mining Enterprises. In 1968 these four entities, together with a smelter unit, were consolidated into the state company Perusahaan Negara (PN) Tambang Timah. The enactment of Law Number 9 of 1969 and issuance of Government Regulation Number 19 of 1969, the status of PN Tambang Timah and Mentor Tin Smelter Project was changed. In 1976 the company became a limited liability company owned by the Government of Indonesia (Perusahaan Perseroan - Persero) and the name was changed into PT. Tambang Timah (Persero). In 1985 during the world tin crisis forced the Company to undertake fundamental restructuring in order to survive. The restructuring, 1991 to 1995, focused on reorganization, relocation of the Head Office from Jakarta to Pangkalpinang, reconstruction of the main and supporting production facilities, and the divestment of non-core assets and functions. By a successful restructuring the company was able to restore health and competitiveness, and made it possible for the Government to partially privatize PT. Timah through Initial Public Offering of its shares in Indonesia and in the international stock exchange. PT. Timah was listed on the Jakarta Stock Exchange, the Surabaya Stock Exchange, and The London Stock Exchange in October 19th 1995. Since then, 35% of the Company's shares were belonging to the public, both domestic and international, while the remaining 65% remained with the Government of the Republic of Indonesia. To facilitate the growth strategy through business diversification, in 1998 PT. Timah Tbk. reorganized the business group by splitting-up the Company's operations into three subsidiaries. This practically placed PT. Timah Tbk. as the holding company and correspondingly the business scope expanded into mining field, industry, engineering, and trading. Currently, PT. Timah Tbk. is known worldwide as the largest producing company of tin metal and it is in the process to diversify into different business areas. BUSINESS PT. Timah is well respected for its ability to compete on the global market. It retains its supremacy as the world's largest tin producer. PT. Timah Tbk. has proven its competence to rise in a highly competitive global arena and become one of the world's leading companies in the field of tin and mining. The restructure of the company, 1991 to 1995, took the company to a different level and by this it was able to compete on the world stage. Since the end of 1995 the company is listed at the Jakarta Stock Exchange, Surabaya Stock Exchange and the London Stock Exchange. PT. Timah Tbk. has entirely integrated its marketing strategies, budget structure, and fund allocation. Activities are centrally controlled to ensure that all the three subsidiaries are operated in a synergy. Efficiency and effectiveness are closely monitored and this measure helps PT. Timah Tbk. to retain its position as the cost leader, proven by a number of national and international awards obtained by the company. Trough three subsidiaries of PT. Timah Tbk. are able to offer a unique selling point: an integrated and highly controlled quality service. PT. TAMBANG TIMAH Established as a subsidiary company of PT. Timah Tbk, it has been regarded as the expansion wing for its business development scheme since 1998. Apart from operating under the Mining Concession management scheme, inland and off-shore tin explorations, it also runs its tin ore and other minerals processing units and units used for tin dissolution and refinery. PT. Tambang Timah also produces tin metal products in the form of tin slabs and other specific forms requested. The tin products of PT. Tambang Timah have received its patented trademark registered at the LME (London Metal Exchange) and the KLTM (Kuala Lumpur Tin Market). Some of the products, such as the Banka Tin 99, 9% Sn, the Mentok Tin 99, 85% Sn and the Banka Low Lead 99.9% Sn with a low lead content are traded to the average amount of 40.000 Mton/year. Other products include the tin ore-based derivative products, such as zircon, ilmenite, monazite and xenotim. The tin dissolution centre of PT. Tambang Timah produces prime products, such as Banka Four Nine with 99.99% of Sn content and Lead Free Solder. They meet the market demands for environmentally sound products. The company also caters for the external service for toll smelting and product analysis through laboratory test with qualification issued by the National Standard Board. The research and development unit of PT. Tambang Timah has succeeded in developing zircon grains refinery technology to produce the grains size of below 5 micron called Opacifier. In addition to this, through its subsidiaries PT. Timah Tbk. has expanded to include coal mining, dredging, pioneering works for asphalt mining and nickel. MARKETING In order to support market grow and to drive collaboration in marketing of its core business products and also products from subsidiary companies, one of the corporate strategy is to perform collaboration marketing in a trading house. INDOMETAL LONDON (LIMITED) Indometal London (Limited) is primarily established to serve as the marketing arm for tin products from Indonesia with a coverage including Europe and the US. Established in 1988 in England, Indometal London has been trusted to continue serving the duties previously served by Indometal Corporation in the US. ENGINEERING AND DOCKING SERVICES PT. TIMAH INDUSTRI Established in 1998, PT. Timah Industri is a subsidiary of PT. Timah Tbk. and is actively involved in trading, engineering and manufacturing services. The progress of the company includeds its business ventures expanding into construction services and the manufacture of mining equipments spare parts. A large scale expansion has been carried out by PT. Timah Industri shortly after starting its operation. Apart from operating as PT. Tambang Timahs main supplier, PT. Timah Industri also provides services for a number of external companies. PT. Timah Industri gained project contracts and completed the construction of five palm oil plants owned by private companies, indicating its capability in engineering. It also shows the capacity to build and repair vessels with the size of up 5000 DWT. Other high skill engineering feature includes the capability to manufacture high-precision engine spare parts. This is the result from the highly skilled Human Resources and sophisticated equipment. PT. DOK & PERKAPALAN AIR KANTUNG PT. Dok & Perkapalan Airkantung (PT DAK) was founded in 1996 as a joint venture between PT. Timah and Perkapalan Kodja Bahari. Significant changes occurred in 1999, when the entire shares were bought by PT. Timah Tbk. The company was established to provide warehouse services, shipbuilding services, transportation and being a material and procurement agent for works related to the shipbuilding activities. PT. Dok and Perkapalan Airkantung (PT DAK) has now developed its capability to provide services to companies outside PT. Timah. The cooperation has been fostered with PT. ASDP for the construction of ship type of Roro RAJA ENGGANO with a 400 capacity of passengers in 2001 and the completion of vessel KM ASMAT with a 100 GRT capacity in 1994. The company’s strategic location in Malacca Strait as the marine transport hub for Southeast Asia serves for the corporate geographic advantages. COAL BUSINESS PT. TIMAH INVESTASI MINERAL In 1996 as part of its business expansion scheme, PT. Timah Tbk. established a new company named PT. Timah Insvestasi Mineral. The company is actively involved in businesses beyond the corporate core business. PT. Timah Investasi Mineral is part of PT. Timah Tbk. initiative to explore business in the mining sector. In 2004 PT. Timah Investasi Mineral materialized its ambition in coal mining exploration with the acquisition of a coal mining company in South Kalimantan. The quality of coal products is relatively high enough with a calorie content of over 6500 and low sulphur content under 1%. The company is now operating in full gear to eventually become a tracer in coal business. To this date PT. Timah Investasi Mineral has been exporting coal to Japan, Korea, Europe, the Philipines, Malaysia, and India with an increasing volume. PT. TANJUNG ALAM JAYA The major business is within coal mining sector based on 'Perjanjian Karya Pengusaha Pertambangan Batubara (PKP2B) as a joint venture with the Indonesian Government in the Banjar District, South Kalimantan. The company is owned by PT. Tambang Timah and PT. Timah Investasi Mineral, representing 50% each. PT. Tanjung Alam Jaya has crushing plant facility in order to increase product quality of its output and its concern to environment legislation regarding coal emission. PT. Putra Bara Mitra Mine is a coal mining company which cooperates with PT. Timah Investasi Mineral in coal mining sector. It main location is beside PT. Tanjung Alam Jaya's. NON TIN MINING PT. TIMAH EKSPLOMIN In 1998 PT. Timah Eksplomin was established and by this PT. Timah Tbk. was able to become involved in mineral exploration. The main purpose is to explore minerals such as ilmenite, zircon, and monazite among others. The company also handles the demand of geology/geo-hydrology research, mineral analysis, and feasibility study. Research of coal reserves in South Kalimantan, East Kalimantan, and southern parts of Sumatra is an on going project. This being part of the exploration development scheme for minerals other than tin. INTEGRATED TIN MINING PT. Timah (Persero) Tbk. is run as an integrated tin mining operation: from exploration, mining, furnace and to marketing. Exploration Since 1996, the modern technology of Global Positioning System (GPS) is used to facilitate activity and exploration. It helps to increase efficiency and accuracy in mapping and measuring. Lab and GPS data is kept in a computer to produce highly accurate geological maps for a systematic and efficient mine. Off Shore Mine The company has operated offshore dredges for off shore productions. Dredges have 7 cuft to 24 cuft bucket. It can operate on 15 to 50 metres sea depth and it can dig more than 3, 5 million metres cubic material every month. Every offshore dredge is operated by more than one hundred workers working in three shifts per day. Tin in concentrate from offshore dredges is processed at washing plant to get a minimum rate of 30% Sn and then taken to Central Tin Ore Processing (PPBT) with a barge ship to divide tin from other mineral and improve the rate to 70-72 % Sn, which is the minimum requirement for smelter. Land Mining Land mining production in the company mining area (KP) is conducted by a private contractor which is the company’s business partner. Almost 80% out of a total production comes from land mining, starting small scale mine with a capacity 20m3/hr until large mine with capacity 100 m3/hr. Alluvial tin mine is using gravel pumps. Every contractor or business partner does the mining activity based on providence by the company a drilled additional map. This is to find out treasure in the additional map and guidance to meet environment and safety procedure. The company buys production from business partners at a price based on contract agreements. Processing To increase tin-in-concentrate grade or low grade concentrate, it processed in Washing Plant. In the process tin-in-concentrate grade can be increased from 20-30% Sn to 76% Sn to meet minimum requirement for smelter. Tin-in-concentrate grade increasing process from offshore mine or land is needed to get a high Sn refined tin with low impurities. Smelter The company operates 10 furnaces, of which 9 furnaces are in Kundur, and 1 furnace is in Mentok, Bangka. The smelter process is to dissolve tin-in-concentrate to refined tin. It is a purifying process by using crystallizer to be conducted to get higher quality of refined tin. Output product is refined tin bars with a weight scale of 16-26kg per bar. The output can be customized and have a trade mark listed on London Metal Exchange (LME). Refined Tin Distribution and Marketing Marketing activities include selling and distributing refined tin. Approximately 95% of the distribution lies in fulfilling export demands of which 5% are for the domestic market. The export destinations in the Asia Pacific region include Japan, Korea, Taiwan, China and Singapore. Europe includes: England, Netherland, France, Spain and Italy. The US and Canada are also areas for exportation. Distribution for export goes through Singapore Harbor while for domestic export is directed from Jakarta warehouse. Tin buyer can be classified as an end user such as a factory or solder industry, or a trader, as tin plate industry or a large trader. The output products have standard quality accepted by international market and listed in London Metal Exchange. Each product quality is guarantee by international standard weight and analysis certificate and according to London Metal Exchange (LME) product standard. PT. Tambang Timah output products:
BUSINESS EXPECTATION
BUSINESS ETHICS WORK CULTURE A work culture in a company is made by great influence in shaping employee's feeling, thought, conversation, mind-set and action. The work force of the company was formed by its people from diverse kinds of character and background who have to work together to accomplish the company's goal. The difference in mind-set and value of life or work from each person should be able to solidify with company's work culture as one unity in order to achieve company's goal. Timah's work cultures are 3Ks based on:
Each employee should alter themselves toward the 3K work culture. For them with difficulties to change, they need to re-define their mind-set, as the company will stay persistent with the 3K work culture in order to achieve its goals. With the 3K as a work culture, all employees should work hard to unify their diversity toward the 3K work culture and leave behind the unsuitable culture. Only with a strong will and whole-hearted support in understanding and applying 3K working culture, Timah's Business Expectation can be achieved. Sharing The foundation of sharing should be raised from our inner-side. It means that we understand that your problem is our problem and my need is your need. Bearing these wise words in once mind, the spirit of sharing will grow and be able to gather all force to achieve the goals. The company's goal is also a mutual goal that can only be achieved with the spirit of sharing in a working environment. Therefore there will be no place for egoism and arrogance that make one think that they or their unit are:
Will generate inharmonious working atmosphere, and each person will work on their own way and needs. If we do not have the sharing spirit we will not be able to accomplish the companies’ goal. Openness Openness foundation is self readiness in opening the opportunity to communicate ideas, suggestions, renewal and technologies expansion. Openness will encourage attitude and strength to do regeneration in order to compete. Honest Honesty has a broad meaning, which is clean physically and mental. Mentally clean is sincere and honest attitude that could tell right from wrong, good from bad, lawful from illegal. We have to be honest in order to control ourselves, refusing commissions, bribe, avoid manipulation and corruption, refusing any kind of gift that could ruin moral and disturbing work and harming the company. Cultural applying of 3K fully by PT. Timah employees will form an organizational value and compatible personal value and which is on its innings and will generate positive working atmosphere in growing the basis of work attitude for PT. Timah employees. The work attitude foundation of PT. Timah employees consists of 5 elements, namely:
By applying an open and positive job attitude, will form conditions to develop trust among all employees, between subordinate and head and also inter-sectoral. Condition of believes in each other will grow a trust working attitude which is required to evoke maximal collaboration and improve group cooperation function in order to company development. OPENESS Open working attitude is carried out in three basic action: Give information actively Give correct information at the right address. This action smoothens the task completion process. Obscure of giving information and data, will mean deliberately holding company's growth. Action detains or even manipulates information and data represent disadvantage action and can damage the company and in the end it will damage our future. Open information is limited by secrecy that to be known only by certain position level. Thereby not all positions have to obtain same information and this matter really has to comprehend according to our position level. Remind each other Tin Men always have to take initiative to prevent and to remind collage in order not to conduct action that can cause harm to the company. For the sake of company, don't be reluctant. Warrior Tin Man is a warrior in taking responsibility, carry out by stating readiness to take risks in order to do the job and obligation. Devotion to goal and company knowledge needs to be expressed openly to maintain continuity of employees’ effort in order to achieve a tough, exceed and prestigious tin man. POSITIVE Tin Men always have to have positive thinking. With this attitude, Tin Man is able to:
Therefore we will not take prejudice on any body. We have to be able to see positive side out of other people for us to keep working together to onward the company and we should be thankful of other people because we can learn from their experience. By thinking is positive, we will be wiser and can sort out any problem with a clear view of mind and also always staying optimistic and motivated to conduct improvement in developing the company. RATIONAL "Tin Man" is a rational person. This means that every plan, decision, operation and action always has a patterned thinking which is based on logic / natural existence, factual, bare, objective, is not emotional and fair. With rational patterned thinking we can always think strategic and objective in the company scope and for the sake of the company. A Tin man is always a rational person. He thinks, acts, behaves, talks, dresses, etc. properly. Decisions are taken rationally on what is proper for them, family and especially know what is proper and best for the company. COST CONSCIOUSNESS Applying work attitude trust, open, positive and rational will grow a dynamic working condition based on efficiency and effectively to achieve company's goal. This condition requires a problem solver personality. This will make them always be responsive and dynamic to handle changes or threats. They are productive and always ready to avoid disadvantage possibilities to the company, and able to act proactive and initiative to secure company interest and make priority of company advantage. A conscious Tin man always realizes that expense of the decision taken will be able to harm or profit company and will generally influence company effectiveness and efficiency. A conscious work attitude is a Tin man attitude, both in working and personal life. TIN MAN ESSENCE
STRATEGY
BOARD OF DIRECTORS Wachid Usman Wachid Usman was appointed as President Director based on the resolution of Extraordinary GMS on 17 April 2007. Previously he had served in various key positions since joining PT. Timah Tbk. in 1982, including Finance Director, Operation and Production Manager, Production Planning and Control Manager, Operation Director for PT. Tambang Timah and President Director of PT. Tambang Timah 2002-2003. He also appointed as the President Committee of the Company Budgetary, Work and Strategic Planning since 1996 to 1999. He earned a Bachelor degree from Bandung Institute of Technology (ITB) in Mining Engineering; he also holds a master degree in management from the same institute and has attended various training programs including the Global Leadership Program at Harvard Business School, USA. Setyo Sardjono Setyo Sardjono was elected as Director of Operation by Extraordinary GMS on 17 April 2007. He was served various crucial positions as Head Kapal Keruk Rambat and Kapal Keruk Kebiang, Head of Land Production, and Head of Metallurgy Center. He achieved a Bachelor degree in Mining Engineer from Pembangunan Nasional University and Master Degree from Gajah Mada University. M. Krishna M Krishna Syarif was elected as Finance Director by Extraordinary GMS on April 17th in 2007. He has served various positions in finance and banking area. He started his banking career in Treasury & Financial Institution Officer in Dharmala Bank. Being Executive Vice President in Henan Putihrai Securities and Director of Bahana Pembinaan Usaha Indonesia in 2003. He has a Bachelor degree in Economics from University of Iowa, US. Surawardi Surawardi was appointed as Director of Human Resource and General Affairs based on the resolution of Extraordinary GMS April 17th in 2007. As a holder of the Higher Diploma in Geology from the Geology and Mining Academy, Bandung and Post Graduate Diploma from Le Diploma de Formation Specialise en Geostatistique de L'ecole Nationale Superieure des Mines de Paris and a Master degree in management from Indonesia Management Development Istitute (IPMI). Surawardi joined PT. Timah Tbk. in 1978 and has served in various key positions in geology and exploration including his assignment to the South East Asia Tin Research and Development Centre (SEATRADC), Ipoh, Malaysia, and as Inland Exploration Manager before his appointment as a Director. Gatut Hari Prasetyo Gatut Hari Prasetyo was elected as Director of Trading and Business Development by Extraordinary GMS on 17 April 2007. He was served as President Director of PT. Tambang Timah and Director of PT. Timah Eksplomin. Graduated with a Bachelor degree in Mining Engineer and holds a Master degree in Management from Bandung Technology Institute. ENVIRONMENT Good and right mining procedure As an experienced mining company, PT. Timah (Persero) Tbk. has been conducting mining process according to applicable law. Good mining practice is the company's guidance in conducting production process and tin mining. As a public company, it ought to obey regulations and rules set by government and relevant institutions regarding to responsible and environment concern mining. Besides a Good Mining Practice:
SOCIAL PROGRAM Environment Development Program is a free aid, meaning the beneficiary does not have an obligation to return the aid to the company. Though it has to be used wisely and responsible according to it purpose. This program is based on benefit and transparency. No matter how much the fund is allocated, it is expected to give benefit to the society. The transparency is alleged all parties, company and beneficiary, to manage the fund honestly. This program is provided because the company has a high concern to the society around its operational area. The program is implemented by social activities, such as building public facilities, religious service house, education facilities, hospital and health facilities, houses, scholar, natural disaster, etc. This program is not only implemented in the island of Bangka-Belitung (Babel), Singkep islands, and Riau islands, but also to other areas including Aceh, DKI Jakarta, Bandung and Yogyakarta, according to the needs and necessity. The company always coordinates each activity in this program with other parties; local government, university, and other institution or professional. All of the programs activities are executed together with the society to improve their living by using all potential exist. ECONOMIC PROGRAM PT. TIMAH (PERSERO) TBK. ACCOMPLISHMENT IN DEVELOPING ECONOMICS As a corporate, PT. Timah (Persero) Tbk. the business mission is to gain profit, but other than that it also has a commitment to develop society resources around its operational area. PT. Timah (Persero) Tbk. has a concern to improve society living and economics through small business development program and cooperation (Program Pembinaan Usaha Kecil dan Koperasi /PUKK). This regular and scheduled program has been giving billions rupiah in capital loan to those who need to develop their business. Many people in Bangka-Belitung (Babel) have benefited from it, on a later stage the islands of Singkep Island and Riau Islands will be included. The main purpose of this program is to help small and micro business (UKM) including cooperation exists to expanding and independent. The purpose is to force business activities and economic growth in order to spread development by expanding working and business opportunities. The concept in measuring the aid is to help, not to generate dependency to the company. Therefore the aid is not distributed as a charity but as a loan. This means that the company and all partners share the same responsibility to this program. |
||||||||||||||||
|
|
|
Make World Investment News Your Homepage. |