PT Krakatau Steel (Persero) Tbk (KRAS) and PT Bakrie Pipe Industries are competing for the procurement of steel pipes in PT Chevron Pacific Indonesia (CPI). The auction in question is hosted by CPI Rumbai, and is a general procurement of pipes, hoses, valves, and connectors for the purposes of CPI’s operation in Sumatera. KRAS is trying to win the bid through its subsidiary, PT KHI Pipe Industries. While PT Bakrie Pipe Industries is a subsidiary of PT Bakrie & Brothers Tbk (BNBR).To subscribe please click here