The story
Kedawung was founded by Noto Suhardjo Wibisono and Agus Nursalim on 9 January 1973. Kedawung at the time was manufactured mainly enamelware. In 1975 Kedawung commercially turned into a limited company.
Kedawung Setia Industrial's main business activities are engaged in enamel-plated household appliances and through its subsidiary PT Kedawung Setia Corrugated Carton Box Industrial (KDSI) runs a business in the field of wave cardboard boxes and egg storage. In addition, KDSI is also developing the business by producing enamel-plated construction items (can be used for the roof of the stadium and mosque dome) and plasting mats made from polypropylene plastic seeds.
On June 28, 1996, KDSI obtained an effective license from Bapepam-LK to conduct an initial public offering (IPO). These shares were listed on the Surabaya Stock Exchange (now Indonesian Stock Exchange) on July 29, 1996.
From Wikipedia’s article on Kedawung Setia Industrial, shared under CC BY-SA 4.0.3