Collaborative Project - PT Garuda Yamato Steel (Company Code Currency & Other Improvement)

KICK-OFF ANNOUNCEMENT! 

Great News from PT Garuda Yamato Steel
Project Name: Company Code Currency & Other Improvement

Customer Highlight:

PT Garuda Yamato Steel (GYS) was established in 2024 as a dynamic joint venture, bringing together strategic investors: Yamato Kogyo Co., Ltd., Siam Yamato Steel Co., Ltd., PT Hanwa Indonesia, and PT Gunung Raja Paksi Tbk. This venture builds upon the long-standing legacy of PT Gunung Raja Paksi (GRP), a prominent Indonesian steel manufacturer founded in 1970 with a modern factory in Cikarang, West Java. GYS emerged from the successful acquisition and rebranding of PT Nusantara Baja Profil, now specializing in the production of high-quality long steel products, with a strategic focus on serving both the domestic and international markets.

Garuda Yamato Steel is poised to be a leader in the steel industry, boasting an annual steelmaking capacity of 1 million tonnes and a rolling capacity of 900,000 tonnes. The company is committed to upholding core values of quality, innovation, and sustainability, exemplified by its introduction of high-tensile, seismic-grade steel, "Baja Tahan Gempa PLUS," to the Indonesian market. GYS's vision is to become a leading company in the long steel category, adhering to international standards and contributing significantly to the advancement of the domestic steel industry and infrastructure development, including projects like the new capital city Nusantara. Furthermore, GYS is dedicated to adopting advanced, energy-efficient, and low-carbon steel production methods, aiming to be a key player in green steel manufacturing in the region.

Solution Benefit for Company:

Garuda Yamato Steel's implementation of Company Code Currency & Other Improvement marks a significant step towards enhanced financial clarity and data integrity. By transitioning the company code currency from USD to IDR and establishing a new company code, GYS ensures smoother financial operations and a seamless data migration process. This foundational change, coupled with the full adoption of SAP Costing, allows for precise product costing adjusted for multi-plant operations, new material types, and currency variations. Furthermore, the refined internal order budget management, which enables quarterly budget activation from a single annual upload, significantly improves budget control and reporting accuracy for more precise financial insights.

Beyond financial benefits, this implementation optimizes operational efficiency and streamlines various processes. The project addresses the need to separate a single plant into multiple, distinct business units, thereby facilitating clearer operational structures and more effective management of inter-plant supply chains. Adjustments to material codes, including the introduction of specific material types and remapping inconsistent data, contribute to better inventory control and accurate costing . These system enhancements and data migrations create a more robust and integrated SAP environment, leading to reduced manual efforts, minimized discrepancies, and improved decision-making across Garuda Yamato Steel's operations.

Soltius is honoured to be trusted and be given the chance to contribute to Business & Digital Transformation Journey!