KNews.id- Silmy Karim, born 19 November 1974 is the President Director of PT. Krakatau Steel (Persero) Tbk since being appointed through the EGMS on September 6, 2018. He was initially known as a young professional working in the defense and defense industry. After successfully handling several BUMNs that were in trouble, he was later dubbed the Managing Director of a specialist BUMN that was sick.
Finally, Silmy was successful in restructuring and transforming PT. Krakatau Steel (Persero) Tbk. One of the restructurings carried out at Krakatau Steel is in terms of debt restructuring. This restructuring process took more than 1 year and was completed successfully marked by the signing of a debt restructuring agreement on January 12, 2020 between Krakatau Steel and its 10 creditors.
During the restructuring, Krakatau Steel’s debt was US$2.2 billion (35 trillion rupiah). Due to the huge debt value, this restructuring is also called the largest corporate debt restructuring in Indonesia. Krakatau Steel saved $685 million US (11 trillion rupiah) from this restructuring program. The 2nd success at Krakatau Steel was when Krakatau Steel managed to record a profit of $74.1 million US (1 trillion rupiah) in the 1st quarter of 2020.
Just Info, KS also experienced profits in 2020 and 2021 and the first semester of 2022, 2.5 years of profit after eight consecutive years of losses.Another assignment that is no less important is when Silmy was appointed as the President Director of PT. Pindad (Persero) in 2014, he succeeded in raising the name and strategic role of the domestic defense industry. When he took office, Pindad’s popularity seemed to have lifted and became the pride of the Indonesian people, plus at that time (in 2015) the Indonesian contingent won the AASAM (Australian Army Skills at Arms Meeting) military shooting competition in Australia.
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