Asphalt Bangun Sarana

What Asphalt Bangun Sarana does

PT Asphalt Bangun Sarana (ABS) is an Indonesia-based asphalt manufacturer and distributor operating since December 1999. The company distributes imported bitumen products and manufactures Polymer Modified Bitumen (PMB) under the COLFLEX brand (PG 70, PG 76, and PG76 FR variants) at its wholly-owned subsidiary PT Saranaraya Reka Cipta (SRC) facility in Ciwandan, Banten. ABS markets standard penetration grade asphalt (PEN 60/70), bitumen emulsions, and modified bitumen across an owned network of 7 depots covering Sumatra, Java, and Kalimantan, with delivery via specialized road tank trucks.

ABS's technology stack centers on bitumen chemistry and rheology testing: the central laboratory is ISO 9001:2015 (Lloyd's Register) certified and equipped with a Dynamic Shear Rheometer (DSR) and Automatic Softening Point Tester. Products are certified under Indonesia's Bina Marga 2018 Revision 2 specifications following September 2024 evaluation, with COLFLEX PG 70 and PG 76 being the first modified polymer asphalt products to receive this recognition.

The business model is project-based B2B sales of physical bitumen products, with quote-based pricing tied to product grade, quantity, delivery location, and project specification. Revenue is generated through direct sales to government infrastructure projects (airports, toll roads, national roads, ports) and private enterprise customers (mining haul roads, international karting circuits). ABS is a wholly-owned subsidiary of Thailand's TIPCO Asphalt Public Company Limited (which operates a 30,000 barrels-per-day refinery in Kemaman, Malaysia) and maintains technology cooperation with COLAS S.A. of France. The company is led by President Director Tracy Khua and Director Ilham Mardanis.

Name

Asphalt Bangun Sarana

Legal name

PT Asphalt Bangun Sarana

Website

https://pt-abs.co.id

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

251–500 employees

Short description

PT Asphalt Bangun Sarana manufactures and distributes bitumen and polymer modified asphalt (COLFLEX PG 70/76) across Indonesia through 7 depots, serving government airports, toll roads, national roads, ports, and mining haul road projects. Wholly-owned by TIPCO Asphalt (Thailand) with COLAS (France) technology backing.

Ownership category

akta.pro rank

Product category

Asphalt and Bitumen Manufacturing

NAICS

Asphalt Paving Mixture and Block Manufacturing (324121), Asphalt Paving, Roofing, and Saturated Materials Manufacturing (32412)

SIC

Asphalt Paving & Roofing Materials (2950)

akta.pro primary industry

Asphalt Mixing & Paving Materials (Hot/Warm/Cold Mix, RAP/RAS Blends) (EUALAKAG)

akta.pro secondary industries

Polymer-Modified Asphalt (PMB) & Modified Binders (SBS/Crumb Rubber/Plastomers) (EUALAKAD), Asphalt Emulsions (Cationic/Anionic, CRS/SS, Specialty Emulsions) (EUALAKAB), Bitumen Logistics & Terminals (Bulk Storage, Heating, Packaging, ISO Tanks) (EUALAKAI), Asphalt Additives & Performance Enhancers (Anti-strip, Warm-mix, Fibers, Rejuvenators) (EUALAKAH)

Keywords

• Asphalt manufacturing
• Bitumen distribution
• Polymer modified bitumen
• Asphalt emulsion products
• Road construction materials

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Bitumen Distribution: Distribution of imported asphalt (bitumen) products throughout Indonesia, including standard penetration grade bitumen, polymer modified bitumen, and emulsions through own terminal network.
2. Polymer Modified Bitumen (PMB) Manufacturing: Manufacturing and supply of specialized binders including COLFLEX PG 70 and COLFLEX PG 76 through subsidiary PT Saranaraya Reka Cipta (SRC) at Ciwandan facility.
3. Technical Services: Technical support, product approval testing, job mix design, trial compaction, and application monitoring for customers.

Pricing tiers

Go-to-market motion3 records

Distribution channels2 records

Marketing channels6 records

Core offering

PT Asphalt Bangun Sarana (ABS) manufactures and distributes bitumen (asphalt) products across Indonesia, including standard penetration grade Asphalt PEN 60/70, polymer modified bitumen under the COLFLEX brand (PG 70, PG 76, PG 76 FR), and bitumen emulsions. Products are supplied through an owned network of seven bitumen terminals spanning Sumatra, Java, and Kalimantan for use in highways, airport runways, toll roads, mining haul roads, and industrial applications.

Product overview

PT Asphalt Bangun Sarana is an asphalt manufacturer and distributor offering a portfolio of bitumen products: standard Asphalt PEN 60/70 conforming to Indonesian Standards (SNI); Emulsion and Cold Asphalt products for eco-friendly applications; and Modified Bitumen including COLFLEX polymer modified bitumen variants (PG 70, PG 76, PG76 FR) that meet Bina Marga 2018 Revision 2 specifications for highways, airport runways, toll roads, and mining applications. The company operates through its own bitumen terminal network across Sumatra, Java, and Kalimantan, supported by its subsidiary PT Saranaraya Reka Cipta (SRC) for manufacturing at Ciwandan, Banten.

Differentiator

Problem solved

Functional benefit

Brands

• COLFLEX: Polymer Modified Bitumen product brand, including COLFLEX PG 70 and COLFLEX PG 76 products meeting Bina Marga specifications.

Products and services

• Asphalt PEN 60/70 Indonesian Standard grade 60/70 bitumen determined by Penetration at 25°C, conforming to SNI specifications. Available in bulk tankers for road construction contractors and infrastructure developers.
• Emulsion and Cold Asphalt Eco-friendly, cost-efficient asphalt emulsion products for prime coat, tack coat, chip seal, surface dressings, cold mix, soil stabilization, and dust suppression applications. Technology supported by COLAS core business expertise of over 80 years.
• Modified Bitumen (COLFLEX Polymer Modified Bitumen) Bituminous binders whose properties have been modified by chemical agents (elastomeric, plastomeric, fibers, adhesion promoters) to enhance physical and chemical stability during storage, application, and service life. Includes COLFLEX PG 70 and COLFLEX PG 76 grades for highways, airport pavements, toll roads, and heavy traffic applications.
• COLFLEX PG 76 FR (Fire-Resistant PMB) Premium fire-resistant polymer modified bitumen variant designed for high-stress and safety-critical applications such as airport runways.
• Technical Services for Asphalt Application Technical support services including product approval testing, job mix design, trial compaction, and application monitoring provided to customers implementing ABS bitumen products on infrastructure projects.

Quantifiable outcome

• COLFLEX products meet Bina Marga 2018 Revision 2 specifications certified by Directorate General of Highways
• +2 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered minor and core.

• FTSL ITB (Faculty of Civil and Environmental Engineering, Institut Teknologi Bandung)minorStrategic or Co-development Partner · 18 September 2024ABS signed MoA with FTSL ITB for collaboration in education, research, and community service aligned with Tri Dharma of Higher Education. Partnership aims to support innovation in asphalt materials and road construction techniques, with FTSL providing human resources, equipment, and expertise.
• BNN (Badan Narkotika Nasional / National Narcotics Agency)minorOthers · 17 September 2024ABS partnered with BNN to conduct simultaneous anti-drug awareness programs across seven depot locations. Theme: 'Safety Yes, Drugs No, ABS OK!' Part of ABS commitment to creating a safe, healthy, and drug-free workplace.
• Bisnis IndonesiaminorGTM or Marketing Partner · 4 September 2024ABS participated in Bisnis Indonesia Business Forum on IKN development. Forum held biweekly bringing together key stakeholders involved in developing Indonesia's new capital city IKN. Provides platform for ABS to engage with government and industry leaders.
• PT Saranaraya Reka Cipta (SRC)coreStrategic or Co-development Partner · 1 January 2001SRC is a wholly-owned subsidiary acquired by ABS in 2001 to support distribution and manufacturing activities. SRC focuses on production of modified asphalt products including COLFLEX Polymer Modified Bitumen. Manufacturing facility located at Depo Ciwandan, Pelindo II Port Complex, Cilegon, Banten.
• COLAS S.A. (France)coreStrategic or Co-development PartnerCOLAS S.A. of France is described as world leader in construction and maintenance of transport infrastructures. Provides product development technology and technical support. ABS benefits from COLAS Group's 1,900+ researchers, 50+ laboratories, and R&D network across five continents.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Shell Bitumen: Global bitumen division of Shell offering standard penetration grades, PMB and emulsions worldwide. Competes with ABS in Indonesia via imported bulk supply and has deeper R&D; broader portfolio but no domestic Indonesian depot network.
• TIPCO Asphalt Public Company Limited: Thai parent company of ABS and direct upstream/refining peer. Operates the 30,000 bpd Kemaman refinery that supplies ABS, and also runs its own asphalt distribution in Thailand and the broader region; comparable bitumen product portfolio including PMB and emulsions.
• TotalEnergies Bitumen: International oil major with a dedicated bitumen business producing penetration-grade and polymer-modified binders. Overlaps with ABS in PMB and emulsions for highways and airports, though distribution in Indonesia is indirect via importers rather than owned terminals.
• PT Pertamina (Patra Niaga / Pertamina Bitumen): Indonesian state-owned energy major and the largest domestic bitumen supplier through Patra Niaga. Competes with ABS on PEN grade and PMB supply for national road and airport projects, with the advantage of integrated refinery ownership and government ownership alignment.

Direct peers

• Nynas AB: Specialty bitumen refiner producing polymer-modified binders, emulsions, and naphthenic bitumen products for road and industrial applications. Direct competitor at the specialty PMB tier that ABS competes in, with overlapping customer segments in airport runways and high-performance highways.
• Colas SA: French world leader in road construction and bituminous binders; sibling strategic partner of ABS through TIPCO. Operates emulsion, PMB, and road-laying businesses globally; ABS leverages Colas formulations (COLFLEX) and R&D network, making Colas the closest functional peer at a global scale.
• Hindustan Colas Private Limited (HINCOL): Indian joint venture between Colas SA and Indian Oil, operating in the same emulsion, PMB, and bitumen distribution space as ABS. Highly comparable business model (Colas technology + integrated oil major parent) and serves as the Indian market analogue to ABS's Indonesian operations.

Others

• Astec Industries: US-headquartered manufacturer of asphalt mixing plants, pavers, and related equipment used by ABS's downstream contractor customers. Adjacent value chain participant rather than direct competitor, but useful comparable for capital intensity and infrastructure-build economics.
• CRH plc: Global building materials group with significant aggregates, asphalt, and paving activities in North America, Europe, and Asia-Pacific. Not directly competing in Indonesia but a useful scale and capital allocation comparable for an asphalt-and-aggregates integrated operator.
• PT Hutama Karya (Persero): Indonesian state-owned construction company executing major toll road projects (including Trans-Sumatra) — a key customer-side counterpart to ABS. While primarily an EPC contractor rather than a bitumen supplier, it materially shapes ABS's addressable market and procurement structure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/abs_src
• LinkedInlinkedin.com/company/asphalt-bangun-sarana-pt
• Instagraminstagram.com/pt_asphaltbangunsarana
• Facebookfacebook.com/profile.php

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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 Asphalt Bangun Sarana