PT Yasa Industri Nusantara (PT YIN) was established at March 31, 1999, as the subsidiary company of PT Rekayasa Industri, which its share is owned by government and representing the reputable the company in the area of EPCC.
The forming of PT YIN as one of the subsidiary company from PT Rekayasa Industri represent strategic step to increase the interest which have been owned by PT Rekayasa Industri in Construction Work. From previous experience, PT Rekayasa Industri in its project workmanship especially in piping work has been done by direct hire, the competence which has developed was the thing that making PT YIN as a subsidiary company of PT Rekayasa Industri.
In other consideration, the forming of PT YIN was also intended to do the market of projects with the category of middle downwards.
The initial stock share of PT Yasa Industri Nusantara is 8,000 authorized capital shares, PT Rekayasa Industri has taken 3,714 shares (80%) while Koperasi Reka Sejahtera has taken 928 shares, so there are still 3,355 shares is in treasury stock.
In the first year since establishment of PT Yasa Industri Nusantara, most of the construction work was arranged from PT Rekayasa Industri, however, in the current condition YIN has been awarded a lot of work package outside from other reputable Company.
The business development in PT Yasa Industri Nusantara is also improving, from only in construction work becoming EPC Company with middle scale downwards ( approximate 100 Billion Rupiahs )