JAKARTA, NETRALNEWS.COM - Listed concrete producer PT Waskita Beton Precast Tbk (IDX:WSBP) is developing a new type 1067 railroad bearing product that is claimed to have market opportunities and generate large demand.
The company's management said the product functions as a railroad platform resting on the pace of the train which can withstand loads of speeds up to 120 kilometers (km) per hour.
The product has passed a series of tests, namely a function test or a track test, a design test so that it gets certified. The certification is in accordance with the Decision of the Director of Railways Number KA.603/SK.18/DJKA/19 on Ratification of 1067 mm Concrete Bearing Technical Specifications.
Jarot Subana, Managing Director of Waskita Beton Precast, said that the rail bearing product have market opportunities and are predicted to produce large market demand.
"We will continue to innovate in producing product innovations. Of course we will also expand the external market which is expected to increase with a target of 40 percent this year," he explained.
Previously, Jarot revealed a new contract worth IDR 3.10 trillion in January 2019 - June 2019. The achievement was up 4.4 percent compared to the same period last year, which amounted to IDR 2.97 trillion.
The value of the new contract comes from several major projects, including Krian-Legundi-Bunder-Manyar (KLBM) Section 2 and 3, Jakarta-Cikampek II South Package 3, addendum Cibitung-Cilincing toll road, Bogor-Ciawi-Sukabumi Section II, and Bekasi-Cawang-Kampung Melayu Section 2A, and other projects.
In addition to hunting for new contracts, WSBP claims to consistently add capacity and develop new products such as printed houses, concrete electric poles, and railway bearings.