44 | FORBES INDONESIA AUGUST 2017(^2017)
COMPANIES
T Acset Indonusa is
a construction com-
pany that offers ser-
vices for buildings,
structures, civil,
electrical and communication, and
specialized construction for foun-
dation and pillar. As the govern-
ment is now spending heavily on
infrastructure, Acset has been do-
ing well. In the first half of the year,
PT Acset Indonusa managed to re-
ceive new contracts valued at Rp 7.1
trillion, which is already more than
double the original target for the
entire year of Rp 3.5 trillion.
Almost all the new work is for
infrastructure. A contract signed
in February, the 38.6-kilometer
Jakarta-Cikampek II elevated toll
project, is valued at Rp 13.5 trillion,
as a joint venture between Acset
(49%) and PT Waskita Karya (51%).
Besides that, Acset also recently
won three more contracts: the Kun-
ciran-Serpong toll road project, the
Terbanggi Besar Kayu Agung toll
road, and a soil improvement proj-
ect for a Central Java power plant.
“The government is driving infrastruc-
ture development, and it benefits us as a
construction company,” says the founder
and Vice President Director Tan Tiam
Seng Ronnie, 59.
Established in 1995 by Ronnie and his
partner Hilarius Arwandhi, the compa-
ny’s name is an abbreviation of Advanced
Civil Structure Engineering Technology
(Acset). With three decades of experience,
Ronnie started his career working for sev-
eral international construction companies,
including High Ground in Kuala Lumpur
and the L&M Group in Singapore. After
ACSET
INDONUSA^2
CONSTRUCTION
MARKET CAP: RP 2.15 TN
NET PROFIT: RP 68.33 BN
P