PT Kertas Padalarang is a company engaged in the manufacturing of security paper in Indonesia. Established in 1922 under the name NV. Papier Fabriek Padalarang, it was the first paper mill in Indonesia and operated as a branch of NV. Papier Fabriek Nijmegen of the Netherlands.
During the 1960s, the company was transformed into a State-Owned Enterprise (Perusahaan Negara/PN). In 1991, its legal status was changed to a state-owned limited liability company (Persero) under the name PT Kertas Padalarang, which it retains today.
The company's primary products are security papers. Of its three paper machines, two are dedicated to the production of security paper. Based on Decree of the Minister of Finance No. S-1334/MK.013/1990, dated 30 October 1990, PT Kertas Padalarang, as a company operating in an oligopolistic market, was recognized as having the opportunity to compete in the global market. Although the company has not yet produced banknote paper, it has been authorized by the Government of the Republic of Indonesia to manufacture both security paper and banknote paper.
In 2012, Perum Peruri became the majority shareholder with an ownership stake of 83.54%, which increased to 92.59% in 2014. In 2019, Perum Peruri further increased its ownership in PT Kertas Padalarang to 93.23%. The remaining 6.77% of the shares are held by PT Pengelola Investama Mandiri. This additional capital has further strengthened PT Kertas Padalarang's reputation as one of Indonesia's leading paper manufacturers.
For more than a century, PT Kertas Padalarang has contributed to the advancement of Indonesia's paper industry. Its strong corporate culture, extensive experience, and commitment to excellence reflect the company's integrity and dedication in every aspect of its business. By manufacturing high-security paper and continuously enhancing its products and technologies, the company is confident in its ability to compete in both domestic and international markets.
As a member of the Peruri Group, PT Kertas Padalarang has adopted a new corporate identity under the brand name Peruri Security Paper Mill.