PT Garuda Yamato Steel (GYS), a joint venture established in 2024, represents a dynamic collaboration among strategic investors: Yamato Kogyo Co., Ltd., Siam Yamato Steel Co., Ltd., PT Hanwa Indonesia, and PT Gunung Raja Paksi Tbk. This partnership signals a new era of growth and innovation in the steel industry, building upon the robust foundation laid by PT Gunung Raja Paksi (GRP), a leading steel manufacturer founded in 1970 with a state-of-the-art facility in Cikarang, Bekasi, West Java, Indonesia.
GYS specializes in producing high-quality long steel products, positioning itself as a premier provider in both domestic and export markets. The company’s formation follows the successful acquisition of a 95% stake in PT Nusantara Baja Profil by Yamato Kogyo, Siam Yamato Steel, and Hanwa Indonesia, reflecting a strategic alignment of vision and goals among these industry leaders. Renamed and rebranded as PT Garuda Yamato Steel, the company is set to harness the collective expertise and resources of its founding partners.
At the heart of PT Garuda Yamato Steel lies a steadfast commitment to quality, innovation, and sustainability. These core values guide every aspect of GYS’s operations and initiatives. GYS is dedicated to producing steel products that meet or exceed industry standards and customer expectations. This commitment ensures that GYS remains a trusted name in structural steel. Continuous improvement is a cornerstone of GYS’s strategy. By leveraging cutting-edge technology and innovative processes, GYS strives to stay ahead in the competitive steel manufacturing industry. GYS is also committed to minimizing environmental impact through sustainable practices. This includes reducing waste, promoting recycling, and enhancing energy efficiency to contribute to a greener future.
The establishment of PT Garuda Yamato Steel represents a strategic move to capitalize on the growing steel demand in Southeast Asia. With an annual production capacity of 1 million tonnes and a rolling capacity of 900,000 tonnes, GYS is well-equipped to meet the increasing needs of the market. The transaction highlights the immense potential and attractiveness of the Indonesian steel market.
GYS’s strategic investors bring a wealth of experience and resources, enhancing the company’s ability to produce superior structural steel products. The collaboration aims to capture significant market opportunities in Indonesia, driven by robust infrastructure development projects, including the construction of the new capital city, Nusantara, which alone demands around 9.5 million tons of steel.
“With the collective financial strength and operational expertise of our investment partners, GYS is well-positioned to be the leading structural steel company in the region. We have exciting plans ahead to launch new steel products that will capture the immense market opportunities in Indonesia and will continue extracting further margin expansion through our production efficiency initiatives,” said Tony Taniwan, the newly appointed President Director of Garuda Yamato Steel. Tony brings over two decades of experience in the steel industry. He currently serves as the Vice Chairman of the Indonesian Iron & Steel Industry Association (IISIA).
The partnership among Yamato Kogyo, Siam Yamato Steel, and Hanwa Indonesia underscores a shared vision for growth and prosperity. This collaboration aligns with the projected increase in national steel consumption, positioning GYS as a key player in supporting Indonesia’s infrastructure development.
GYS is not only focused on growth but also on sustainability. The company is committed to adopting the most advanced, energy-efficient, and technologically proven methods of low-carbon steel production. This commitment supports Indonesia’s goal of achieving net zero emissions by 2060, positioning GYS as a leader in green steel manufacturing.
PT Garuda Yamato Steel stands at the forefront of the steel industry, driven by a commitment to quality, innovation, and sustainability. With the strong support of its strategic partners, GYS is well-positioned to lead in the structural steel market, contributing to Indonesia’s development and forging a path towards a sustainable future.
