Jakarta – Today, May 31, 2024, PT Solusi Bangun Indonesia Tbk (“SBI/the Company”) held its Annual General Meeting of Shareholders (“Meeting”) at Ra Suites Simatupang, Jakarta. One of the decisions made during the meeting was the allocation of the 2023 net profit of IDR 894.6 billion and the distribution of dividends amounting to 30% of the net profit, totaling IDR 268.3 billion.
“Despite facing market challenges impacted by geopolitical situations and inflation in 2023, the Company managed to maintain positive performance through efficiency efforts, innovation, and strengthening synergy with SIG as the parent company, as well as Taiheiyo Cement Corporation, which is our strategic partner,” said Soni Asrul Sani, Director of the Company.
Changes in the Company’s Management Structure
The meeting also approved changes in the company’s management structure as follows:
Dismissed honorably:
- Lilik Unggul Raharjo from the position of President Director
- Prijo Sambodo from the position of President Commissioner and Independent Commissioner
- Yoshifumi Taura from the position of Commissioner
Approved the appointments of:
- Asri Mukhtar as President Director
- Prijo Sambodo as President Commissioner and Independent Commissioner
- Yohanes Surya as Independent Commissioner
- Shinji Fukami as Commissioner
The new management structure of the company is as follows:
Board of Commissioners
| No | Nama | Jabatan |
| 1 | Prijo Sambodo | Chairman of the Board serving as Independent Commissioner |
| 2 | Herudi Kandau Nugroho | Commissioner |
| 3 | Yoshifumi Taura | Commissioner |
| 4 | Shinji Fukami | Commissioner |
Board of Directors
| No | Nama | Jabatan |
| 1 | Asri Mukhtar | Chief Executive Officer |
| 2 | Soni Asrul Sani | Director |
| 3 | Ony Suprihartono | Director |
| 4 | Yasuhide Abe | Director |
Other Meeting Decisions
In addition to approving the dividend distribution and changes in the company’s management, the meeting also approved the Company’s Annual Report and ratified the Company’s Financial Statements for the fiscal year ending December 31, 2023.
Other decisions included the appointment of a Public Accounting Firm as the company’s independent auditor for the 2024 fiscal year.
The meeting also granted authority to the Board of Commissioners to determine the bonuses for the 2023 fiscal year and the remuneration for the 2024 fiscal year for the directors. It also approved the determination of the bonuses for the 2023 fiscal year and remuneration for the Board of Commissioners in the 2024 fiscal year.
The meeting approved amendments to Article 3 of the Articles of Association regarding the company’s purpose, objectives, and business activities to align with the Indonesian Standard Industrial Classification (KBLI 2020) and the addition of the company’s business fields. It also approved amendments to the Company’s Articles of Association.
Facing Industry Challenges, Promoting Innovation and Efficiency
In the first quarter of 2024, the cement industry faced significant challenges, including intense competition in the domestic cement market, unpredictable weather conditions, slowing retail market demand, delayed infrastructure project realizations due to election situations, and numerous holidays and changes in public spending priorities.
However, the momentum of recovery from the realization of government construction projects supporting the National Strategic Projects (PSN), including the IKN, which potentially absorbs cement demand, is expected to boost the growth of the building materials industry this year.
Entering the second quarter of 2024, SBI has begun collaborating with the Jakarta Public Works Agency on several main road repair projects using rapid setting concrete SpeedCrete and the construction of sidewalks on Jl. HR. Rasuna Said, Jakarta. Additionally, SBI is accelerating the completion of dock and production facility development projects in Tuban, East Java, to meet the demand for exporting special type cement up to 1 million tons per year through strategic cooperation with Taiheiyo Cement Corporation (TCC).
In terms of sustainability, SBI strengthens its commitment through innovation, digitalization, the use of alternative fuels and raw materials, and synergy with SIG. This is reflected in the expansion of waste management cooperation with various regions, including MoUs with the Aceh Provincial Government, Temanggung Regency, Magelang, Bantul, Wonosobo, and Yogyakarta City, and continuing cooperation with Cilacap Regency, Banyumas, DKI Jakarta, Sleman, and waste management in Bali.
This collaboration supports SBI in increasing the utilization of RDF as an alternative fuel to achieve the carbon emission reduction targets set by the company, as well as SBI’s contribution to realizing sustainable development through a circular economy, such as the use of industrial waste and biomass as alternative fuels.
“This step not only affirms our commitment to the company’s 2030 Sustainability Road Map but also is a concrete action in supporting the Indonesian Government’s target to achieve Net Zero Emissions by 2050,” said Soni Asrul Sani.