Gunung Raja Paksi

What Gunung Raja Paksi does

PT Gunung Raja Paksi Tbk (GRP) is one of Indonesia's largest privately-held integrated steel manufacturers, publicly listed on the Indonesia Stock Exchange under ticker GGRP since 2019 and operated as part of the Gunung Steel Group. Founded in 1970 in Medan and headquartered in Cikarang Barat, Bekasi, West Java, the company operates an Electric Arc Furnace (EAF) steelmaking platform with approximately 70% scrap-metal input and a combined production capacity of 1.2 million tons per year of slab, Hot Rolled Coil, and Steel Plate. GRP serves construction, infrastructure, manufacturing, energy, and technology-infrastructure customers through two product brands — FORTISE (standard structural) and FORTISE+ (premium, low-carbon ≥345 MPa yield strength with verified EPD). The portfolio also includes downstream products (Welded Beam, ERW Pipe, Spiral Pipe, Lipped Channel, Cold Roll Coil, Square & Rectangular Pipe, Expanded Mesh) and long products (H-Beam, Wide Flange), supported by three service centers (Plate, Forming, Coil) with 60,000 tons/year of value-added processing capacity.

GRP generates revenue via direct B2B project-based sales of steel products and processing services, with pricing quoted per ton under multi-year framework agreements. Its enterprise customer base includes Jakarta MRT Phase 2, Japek 2 Toll Road, Pertamina RDMP Tuban, Telkom Indonesia, Microsoft and Amazon data centers, CATL's battery factory, and Massachusetts General Hospital, with exports reaching Singapore, Australia, New Zealand, the United States, Canada, and the United Kingdom. The company monetizes a sustainability moat through ResponsibleSteel membership, ISO 9001/14001/45001, PROPER Blue, Green Label Indonesia, Environmental Product Declarations, and a 9.3 MWp rooftop solar installation (target 33 MWp), positioning FORTISE+ as a green-building-qualified steel for multinational procurement. Following revenue contraction from USD 945.5M (2022) to USD 187.4M (2025), GRP has divested its structural steel business (PT Nusantara Baja Profil to PT Garuda Yamato Steel in 2024), rebranded its flagship products (2025), and reverted to Foreign Direct Investment (FDI) status to broaden access to funding, technology, and global expansion.

Name

Gunung Raja Paksi

Legal name

PT Gunung Raja Paksi Tbk

Website

https://gunungrajapaksi.com

Company type

Public

Founded year

1970

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

PT Gunung Raja Paksi Tbk is one of Indonesia's largest privately-held integrated steel manufacturers, using EAF technology with 70% scrap input to produce Hot Rolled Coil, Plate, and downstream products for construction, infrastructure, energy, and data center customers worldwide.

Ownership category

akta.pro rank

Product category

Steel Manufacturing

NAICS

Iron and Steel Pipe and Tube Manufacturing from Purchased Steel (33121), Iron and Steel Pipe and Tube Manufacturing from Purchased Steel (331210)

SIC

Steel Works, Blast Furnaces & Rolling & Finishing Mills (3310), Steel Pipe & Tubes (3317), Sheet Metal Work (3444)

akta.pro primary industry

Electric Arc Furnace (EAF) Steelmaking (Incl. DRI/HBI-Based) (IMAKABAB)

akta.pro secondary industries

Hot Rolling & Primary Mills (Plate, Hot-Rolled Coil/Sheet, Strip) (IMAKABAE), Pipe & Tube Manufacturing (Seamless & Welded OCTG/Line Pipe/Structural Tube) (IMAKABAI), Heat Treatment & Thermal Processing Furnaces (Hardening, Annealing, Induction) (IMAHADAI)

Keywords

• Steel manufacturing
• Hot rolled coil
• Structural steel products
• Low carbon steel
• Steel plate

Headquarters

HQ city

Bekasi

HQ country

Indonesia

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Steel Product Sales: Primary revenue from manufacturing and selling steel products including Hot Rolled Coil (HRC), Steel Plate, Coil Plate, and downstream products like Welded Beam, ERW Pipe, and fabricated steel components. Net sales of USD 187.35 million in 2025.
2. Steel Processing Services: Value-added processing services including Plate Services Center (cutting, drilling, punching), Forming Services Center, and Coil Services Center. Annual processing capacity of 60,000 tons.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

PT Gunung Raja Paksi Tbk manufactures and sells integrated steel products including Hot Rolled Coil (HRC), Steel Plate, and Coil Plate as flat products, plus downstream products like Welded Beam, ERW Pipe, Spiral Pipe, Lipped Channel, Expanded Mesh, and Cold Roll Coil, alongside long products (H-Beam, Wide Flange). Production uses Electric Arc Furnace technology with approximately 70% scrap metal input yielding 1.2 million tons per year. The company also provides value-added processing through Plate Services Center, Forming Services Center, and Coil Services Center.

Product overview

PT Gunung Raja Paksi Tbk (GRP) is Indonesia's largest private steel company, operating as an integrated steel manufacturer. The company's product portfolio is organized into three main categories: flat products (Hot Rolled Coil, Steel Plate, Coil Plate) with annual capacity of 1,200,000 Mtpy for both slab and HRC/HRP; downstream products (Welded Beam, ERW Pipe, Spiral Pipe, Lipped Channel, Square & Rectangular Pipe, Expanded Mesh, Cold Roll Coil); and long products (H-Beam, Wide Flange). GRP's steel products are branded under two sub-brands: FORTISE for standard structural applications and FORTISE+ for premium applications requiring higher strength and sustainability credentials. The company also operates three service centers: Plate Services Center (PSC), Forming Services Center (FSC), and Coil Services Center (CSC) that provide processing services including cutting, drilling, punching, shearing, and forming.

Differentiator

Problem solved

Functional benefit

Brands

• Fortise: Hot Rolled Coil and Plate steel product line for general structural applications. Standard quality with competitive pricing for various construction and manufacturing needs.
• Fortise+

Products and services

• FORTISE Hot Rolled Coil and Plate steel product brand for general structural applications. Offers standard strength (Yield Strength min 235 MPa) with competitive pricing for volume-sensitive applications such as distributors and fabricators.
• FORTISE+ Premium Hot Rolled Coil and Plate steel product brand offering superior strength (Yield Strength min 345 MPa), enhanced durability, and approximately 70% recycled scrap content. Designed for demanding applications such as high-rise buildings, shipbuilding, pressure vessels, and data center projects.
• Hot Rolled Coil (HRC) Flat steel product produced through hot rolling process. Primary input material for downstream steel manufacturing with annual production capacity of 1,200,000 Mtpy.
• Steel Plate Flat steel plate product available in various standards and sizes including ASTM, JIS, EN, DIN, and AS/NZS specifications. Offered under both FORTISE and FORTISE+ brands.
• Coil Plate Steel plate produced using leveling process to achieve highest standards. Available in structural steel grades and pressure vessel grades (Yield Strength >300 MPa).
• Welded Beam Custom-welded steel beam product manufactured to JIS 3192 standards with production capacity of 60,000 Mtpy. Available in custom sizes up to 120mm thickness using FORTISE or FORTISE+ materials.
• ERW Pipe Electric Resistance Welded steel pipe for various structural and industrial applications.
• Spiral Pipe Spirally welded steel pipe for structural and industrial applications.
• Square & Rectangular Pipe Structural steel hollow section pipes for construction applications.
• Lipped Channel Steel lipped channel section for structural applications in construction.
• Expanded Mesh Steel expanded mesh product for construction and industrial applications.
• Cold Roll Coil (CRC) Cold rolled steel coil product for applications requiring higher surface quality and precise dimensions.
• H-Beam Structural steel H-beam for construction applications.
• Wide Flange (WF) Wide flange structural steel beam for construction applications.
• Plate Services Center (PSC) Modern steel plate fabrication service center offering cutting, drilling, punching, shearing, stamping, and forming services. Annual production capacity of 60,000 tons. Products include welded beams, cut to shape, beam boxes, cell beams, honeycomb, UNP, and L-angles.

Quantifiable outcome

• GHG intensity 42% below global average (1.11 vs 1.92 tCO2e per ton of steel)
• +3 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eleven partnerships are on record, tiered minor, core and major.

• Katalis ProgramminorStrategic or Co-development Partner · 1 January 2025GRP participated in Katalis Program Showcase sharing digital transformation journey and best practices with other Indonesian manufacturers.
• F-LOMENIK (Federation of Metal, Machine and Electronics Workers)minorOthers · 1 January 2025Labor union representing workers at GRP facilities, maintaining constructive industrial relations.
• SBSI (Serikat Buruh Sejahtera Indonesia)minorOthers · 1 January 2025Labor union maintaining industrial relations at GRP facilities.
• SPMI (Serikat Pekerja Metal Indonesia)minorOthers · 1 January 2025Labor union representing metal industry workers at GRP facilities.
• Climate Impact X (CIX)coreStrategic or Co-development Partner · 1 January 2021GRP became the first steel company in Indonesia and one of the first in Asia to purchase quality carbon credits from Climate Impact X (CIX), supporting the company's decarbonization strategy and net zero roadmap.
• ResponsibleSteelcoreStrategic or Co-development PartnerGRP is seeking ResponsibleSteel accreditation and complies with 13 principles of responsible steel manufacturing. The initiative brings together companies from all stages of the steel value chain with economic partners and civil society.
• Indonesian Iron & Steel Industry Association (IISIA)majorStrategic or Co-development PartnerGRP actively participates in various local initiatives, partnerships, and multi-stakeholder forums including membership in IISIA, contributing to industry development and policy dialogue.
• World Steel AssociationmajorStrategic or Co-development PartnerGRP hosted the 19th World Steel Association ECO meeting, strengthening global steel industry sustainability efforts. Active participant in worldsteel sustainability initiatives.
• Green Product Council IndonesiaminorOthersCertification partner for Green Label Indonesia certification of GRP's steel products.
• PKF Indonesia (Paul Hadiwinata, Hidajat, Arsono, Retno, Palilingan & Rekan)minorOthersPublic accounting firm serving as external auditor for GRP's financial statements.
• PT Adimitra Jasa KorporaminorOthersSecurities Administration Agency (Biro Administrasi Efek) handling share registry services.

Scale indicators8 records

Recent moves10 records

Expansion highlights6 records

Broad incumbents

• ArcelorMittal SA: Global steel incumbent with the broadest portfolio of HRC, plate, and downstream products, including EAF capacity. Comparable to GRP as a competitor in global steel markets and a peer in the transition to low-carbon steel production.
• Tata Steel Ltd: One of the world's largest steel producers with integrated and EAF operations serving construction, infrastructure, and manufacturing. Comparable to GRP in broad product portfolio, geographic scale, and ESG-driven transition strategy.
• Nucor Corporation: The largest EAF-based steel producer in the United States and a global benchmark for low-carbon, scrap-based steelmaking. Comparable to GRP in EAF technology platform, scrap-fed production model, and downstream flat and structural products serving construction and manufacturing.
• Hyundai Steel Company: South Korea's second-largest steelmaker with EAF and integrated mills producing HRC, plate, and downstream products. Comparable to GRP in EAF technology adoption, flat steel product portfolio, and supply into construction and infrastructure markets.

Regional players

• Steel Authority of India Limited (SAIL): India's largest state-owned steel producer with integrated and EAF capacity producing HRC, plate, and structural products. Comparable to GRP as a major emerging-market competitor supplying domestic construction and infrastructure projects with similar product mix.
• JSW Steel Ltd: India's largest integrated steel producer with significant EAF capacity and a strong focus on renewable-energy-powered steelmaking. Comparable to GRP as a major emerging-market flat steel producer with parallel decarbonization narrative and emerging market exposure.

Emerging players

• Voestalpine AG: Austrian specialty steel producer that has invested heavily in green hydrogen and low-carbon EAF steelmaking. Comparable to GRP as an established player pursuing low-carbon steel premium positioning in markets with strict ESG procurement requirements.
• Salzgitter AG: German steelmaker advancing SALCOS green-steel transformation built around EAF and green hydrogen. Comparable to GRP as an EAF-based producer with a published decarbonization roadmap and growing share of low-carbon premium products.

Direct peers

• PT Krakatau Steel (Persero) Tbk: Indonesia's largest state-owned integrated steel producer, manufacturing HRC, plate, and downstream products. Directly comparable to GRP as the primary domestic competitor in Indonesian flat steel with similar end-markets (construction, infrastructure, manufacturing). GRP is the largest private sector peer to Krakatau Steel.
• PT Garuda Yamato Steel (formerly PT Nusantara Baja Profil): Acquired GRP's long-product assets in 2024; majority-owned by Nippon Steel and now part of the Gunung Steel Group. Directly comparable as a sister Indonesian steel manufacturer producing H-beam, WF, and other structural sections for the same construction customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/gunungsteel
• YouTubeyoutube.com/@gunungrajapaksi
• Facebookfacebook.com/gunungsteelgroup
• LinkedInlinkedin.com/company/gunung-steel-group
• Instagraminstagram.com/gunungrajapaksi.tbk
• TikToktiktok.com/@gunungrajapaksi

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries7 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Gunung Raja Paksi