Steel Pipe Industry of Indonesia

What Steel Pipe Industry of Indonesia does

PT Steel Pipe Industry of Indonesia Tbk (SPINDO), founded in 1971 and headquartered in Surabaya, is the largest welded steel pipe manufacturer in Indonesia. The company operates seven manufacturing facilities across East Java (Surabaya, Sidoarjo, Pasuruan, Gresik) and West Java (Karawang), with 38 production lines supporting an aggregate monthly capacity that will roughly double once the announced Plant 7 in Gresik reaches full ramp by 2027 (an additional ~70,000 tons/month from a Rp 1.3 trillion / ~$72.5M USD investment). Its product portfolio spans structural pipes (ERW and SSAW), water pipes, API 5L-certified oil and gas pipes, stainless steel pipes, GI pipes, steel poles, and mechanical tubes, supported by value-added services including galvanizing, shearing, slitting, 3LPE coating, internal and external epoxy coating, and cement lining, plus inspection through a KAN-accredited in-house laboratory with more than 10 testing stages per pipe.

The company's technology is anchored in Electric Resistance Welding (ERW) and Spiral Submerged Arc Welding (SSAW) processes, with quality credentials spanning ISO 9001:2015, API 5L, IATF 16949, ISO 14001:2015, ISO 45001:2018, UL 852, FM 1630, CE Mark, SIRIM, Activfire, and multiple SNI standards. Five customer verticals are served — construction and infrastructure (both government and private contractors), oil and gas, water utilities, automotive, and electricity/telecom utilities — through a direct B2B enterprise sales motion with offices in Surabaya, Jakarta, and Karawang, complemented by warehouses and depots in Bandung, Samarinda, Makassar, Medan, Pekanbaru, and Semarang. International technology partnerships include MOUs with JFE Steel Corporation and Marubeni-Itochu Inc. (2015) and Benxi Steel Group (2017), and exports of UL-certified pipes to Canada and the United States commenced in January 2018. The company is publicly listed on the Indonesia Stock Exchange (ISSP.JK) since February 22, 2013.

Name

Steel Pipe Industry of Indonesia

Legal name

PT Steel Pipe Industry of Indonesia Tbk

Website

https://spindo.com

Company type

Public

Founded year

1971

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

PT Steel Pipe Industry of Indonesia (SPINDO) is Indonesia's largest welded steel pipe manufacturer, operating 7 plants and 38 production lines. It produces ERW and SSAW pipes, API 5L-certified oil and gas pipes, water pipes, and mechanical tubes for construction, infrastructure, oil and gas, water utility, automotive, and telecom/electricity sectors via direct B2B enterprise sales.

Ownership category

akta.pro rank

Product category

Steel pipe manufacturing

NAICS

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

SIC

Steel Pipe & Tubes (3317), Sheet Metal Work (3444)

akta.pro industry

PRIMARYIMAKABAI

Pipe & Tube Manufacturing (Seamless & Welded OCTG/Line Pipe/Structural Tube)

Industrials, Manufacturing & Construction/Metals & Mining/Steel Production & Processing

Keywords

• Welded steel pipes
• ERW steel pipes
• SSAW steel pipes
• Structural steel tubing
• Galvanized steel pipes

Headquarters

HQ city

Surabaya

HQ country

Indonesia

HQ region

Asia

Offices16 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Steel Pipe and Tube Sales: SPINDO generates revenue primarily from manufacturing and selling a wide range of welded steel pipes and tubes, including structural pipes, water pipes, oil and gas pipes, stainless steel pipes, GI pipes, steel poles, and mechanical tubes. Revenue is derived from B2B sales to construction, infrastructure, oil & gas, automotive, and manufacturing companies. The company operates seven manufacturing facilities with 38 production lines across Indonesia.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

SPINDO manufactures and sells a complete range of welded steel pipes and tubes (ERW and SSAW processes), including structural pipes, water pipes, oil and gas pipes (API 5L), stainless steel pipes, GI (galvanized iron) pipes, steel poles, and mechanical tubes. The company operates seven manufacturing facilities with 38 production lines across Indonesia and offers value-added services such as galvanizing, shearing, slitting, 3LPE coating, epoxy coating, cement lining, and quality testing. Products are sold B2B to construction, infrastructure, oil and gas, water utilities, automotive, and electric/telecom utility customers.

Product overview

PT Steel Pipe Industry of Indonesia (SPINDO) operates as a comprehensive steel pipe manufacturing company with seven production facilities across Indonesia. The company offers a diversified product portfolio centered on welded steel pipes (both ERW and SSAW types) including Structural Pipes, Water Pipes, Oil and Gas Pipes (API 5L), Stainless Steel Pipes, GI (Galvanized Iron) Pipes, Steel Poles, and Mechanical Tubes. These products serve critical sectors including construction, infrastructure, automotive, oil and gas, utilities, and furniture. The core product line is complemented by value-added services such as galvanizing, shearing, slitting, 3LPE coating, epoxy coating, cement lining, and quality control testing. SPINDO positions itself as the largest and most comprehensive steel pipe manufacturer in Indonesia with over five decades of experience, operating 38 production lines across its manufacturing facilities in Surabaya (3 plants), Sidoarjo (1 plant), Pasuruan (1 plant), Karawang (1 plant), and Gresik (1 plant).

Differentiator

Problem solved

Functional benefit

Products and services

• Structural Pipes (ERW & SSAW) ERW and SSAW steel pipes for structural applications including bridge projects, wide-span buildings (airports, stadiums, halls), building envelope structural applications, foundation work (piling per SNI 8052:2014, ASTM A 252), and pier construction. Sold to government and private construction contractors.
• Water Pipes (ERW & SSAW) ERW and SSAW water pipes meeting SNI 0039 standard for transmission pipelines, water treatment plants, wastewater treatment plants, hydropower facilities, water circulation systems in buildings, and fire sprinkler systems (UL 852 and FM 1630 certified).
• Oil and Gas Pipes (API 5L) API 5L certified ERW and SSAW steel pipes designed for oil, gas, and high-pressure fluid transmission in the energy industry, including pipeline, refinery, and petrochemical applications.
• Stainless Steel Pipes Stainless steel pipes available as Ornamental Tubes (for everyday appliances, corrosion-resistant applications) and Industrial Pipes (for chemical industry, harsh environments with excellent corrosion resistance, heat resistance, and low temperature properties).
• GI Pipes (Galvanized Iron) Galvanized iron pipes made of steel coated with zinc for corrosion protection. Applications include ceiling frames, wall partition frames, canopies, fences, gates, and electrical/telecommunication cable channels.
• Steel Poles Steel poles including Telephone Poles (lighter than concrete, easy maintenance), Electric Poles (various sizes for different voltage requirements, cost-effective alternative), and Lighting Poles (for efficient road lighting with security, economy, and easy maintenance).
• Mechanical Tubes Mechanical tubes for furniture materials, bus frame structures, bicycle frames, automotive parts, and motor vehicle components. Produced at Karawang plant under IATF 16949 automotive quality management certification.
• Coating & Processing Services Value-added services including galvanizing, shearing, slitting, 3LPE coating, internal and external epoxy coating, cement lining, and quality control testing in modern laboratory for steel pipe orders.

Quantifiable outcome

• Over 50 years of industry experience and 7 manufacturing facilities
• +2 more outcomes

Named customers5 records

Segments5 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

Four partnerships are on record, tiered core and minor.

• Benxi Steel Group Co. Ltd.coreStrategic or Co-development Partner · 30 November 2017Signing of Cooperation between SPINDO and Benxi Steel Group Co. Ltd. on November 30, 2017, representing a strategic partnership for steel pipe manufacturing and technology exchange.
• JFE Steel CorporationcoreStrategic or Co-development Partner · 14 September 2015MOU signing ceremony between SPINDO, JFE Steel Corporation, and Marubeni-Itochu Inc. on September 14, 2015 at Indonesia Stock Exchange Building, Jakarta. This partnership represents a strategic cooperation for steel pipe technology and market development.
• Marubeni-Itochu Inc.coreStrategic or Co-development Partner · 14 September 2015MOU signing ceremony between SPINDO, JFE Steel Corporation, and Marubeni-Itochu Inc. on September 14, 2015 at Indonesia Stock Exchange Building, Jakarta. This partnership represents a strategic cooperation for steel pipe technology and market development.
• Universitas CiputraminorStrategic or Co-development PartnerCSR cooperation with Universitas Ciputra for entrepreneurship development of students. Initial cooperation involves utilization of SPINDO's steel pipe furniture products as creative products for students, supporting the entrepreneurship process aligned with the university's motto 'Creating World Class Entrepreneurship'.

Scale indicators8 records

Recent moves11 records

Expansion highlights5 records

Emerging players

• PT Benua Steel (Steel Pipe Industry Competitor): Indonesian steel pipe manufacturer focused on ERW and galvanized pipe products for local construction and infrastructure markets. Emerging regional player competing with SPINDO in commodity-grade structural, water, and GI pipe segments within Indonesia.

Broad incumbents

• PT Krakatau Steel (Persero) Tbk: Indonesia's largest integrated steel producer, supplying steel coil/plate that feeds SPINDO and competing downstream in select pipe/tube categories. As a state-owned broad incumbent, Krakatau Steel shapes the raw material cost structure for SPINDO while also being a competitor in flat-rolled and downstream products.
• Tata Steel Limited: Large global diversified steel manufacturer with downstream tube and pipe operations serving construction, automotive, and infrastructure markets. Broad incumbent comparable to SPINDO's diversified end-market exposure across automotive (IATF), construction, and water segments.
• Vallourec S.A. Global leader in premium seamless and welded tubular solutions for energy and industrial markets. Broad incumbent with overlapping API 5L line pipe and OCTG product categories serving oil & gas customers that SPINDO also targets with its SSAW and ERW line pipe offerings.
• JFE Steel Corporation: Major Japanese steel manufacturer and SPINDO's strategic partner (2015 MOU). JFE provides technology and raw material supply, but also competes globally in line pipe and OCTG — making it both an enabler and a broad incumbent in the same product category.

Direct peers

• Stupp Corporation: US-based manufacturer of steel line pipe for oil & gas transmission and structural applications. Direct peer in API 5L line pipe production; SPINDO has already exported UL-certified pipe to the US/Canada, making Stupp a relevant comparable for SPINDO's export ambitions.
• PT Indometal Centraltama Industry: Indonesian steel pipe and metal products manufacturer with overlapping ownership ties to SPINDO executives (Soediarto Soerjoprahono is a Director at both companies). Direct competitor in Indonesian steel pipe markets serving similar construction, infrastructure, and industrial customers.
• Borusan Mannesmann: Major Turkish welded steel pipe manufacturer serving global oil & gas, construction, and water infrastructure markets. Direct peer in spiral and ERW pipe production with similar API 5L-certified product portfolio targeting comparable end markets to SPINDO.
• PT Saranacentral Bajatama: Indonesian steel pipe manufacturer and direct domestic competitor. Notably, SPINDO's President Director Ibnu Susanto also serves as President Commissioner of Saranacentral Bajatama, indicating deeply overlapping ownership/customer/supply relationships and direct product overlap in welded steel pipes for construction and infrastructure.
• Jindal Saw Ltd. Large Indian steel pipe manufacturer producing ERW, SSAW, and ductile iron pipes for water, oil & gas, and infrastructure markets. Direct peer in product mix, manufacturing processes (ERW/SSAW), and end-market exposure across emerging-market infrastructure.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@spindo
• Instagraminstagram.com/spindo.id

Compliance15 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

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 Steel Pipe Industry of Indonesia