Jakarta (ANTARA) - President Director of state fertilizer industry firm PT Pupuk Kalimantan Timur (PKT), Rahmad Pribadi, was named the best CEO for the State-Owned Holding category at the 2022 State-Owned Enterprises (SOEs) Awards.

Pribadi was viewed as being consistent in implementing the company's development strategies amid various challenges in the fertilizer and petrochemical industry, both domestically and globally in 2021.

"Amid the economic and market conditions that are still dynamic due to the pandemic, PKT continues to implement a risk-based, value-added, and innovative strategy through business diversification. Through strategic measures supported by good risk management and operations, thank God, PKT can get out of the COVID-19 crisis as the winner, one of which is by recording the highest profit," Pribadi explained here on Monday.

In 2021, PT PKT had managed to record a profit after-tax of Rp6.17 trillion. It was also assessed as being capable of maximizing productivity to improve operational efficiency.

According to Pribadi, several strategies are also conducted to ensure that the company is still able to maintain positive performance even during the pandemic, such as digital transformation, energy efficiency, human resources development, and business diversification with new and renewable energy as raw materials.

Related news: Ministry, Pupuk Kaltim to rehabilitate former mining lands

As the largest producer of urea fertilizer in the country, PKT was also deemed as being capable of conducting the mandate of SOE transformation, which is to be more professional, transparent, and accountable, as well as having a spirit of global competition while still having a huge impact on society.

In addition to winning the Best CEO of SOEs Holding, PKT also bagged other two awards: the Best I of SOEs Holding in the Strategy of Growing and Surviving, and the Best II on The Transformation of SOEs Holding Organizations.

The award was handed over by Chairman of the Jury, Tanri Abeng, in Jakarta, Thursday (March 24, 2022), based on the assessment encompassing Growth Strategy, Organizational Transformation, Corporate Governance, Quality Human Resources Development and Business Innovation.

Related news: PT Pupuk Indonesia to produce competitive products

Translator: Ade J, Kenzu T
Editor: Rahmad Nasution
Copyright © ANTARA 2022