We Are Barito Pacific
About Us > We Are Barito Pacific
NEW LOOK
Barito Pacific is changing, both internally and externally. Changes in the look and colors of Barito Pacific is grounded upon the transformational efforts of the Company with the aim of securing sustainable long-term growth.
NEW IDENTITY
The new visual identity for Barito Pacific is inspired by the concept of "Natural Empowerment", symbolized by water that brought life to our land. This visual identity communicates the values of Barito Pacific that respect our natural resources, care about our environment and espouse sustainable production.
NEW SPIRIT
With this change, a new spirit is brewing at Barito Pacific, among our dedicated men and women; a spirit that will allow the Company to embrace a new era, pursue more dynamic growth opportunities and become a fully energized, diversified resource-based enterprise.
COMPANY AT A GLANCE
PT Barito Pacific Tbk was established on 1979 under the name of PT Bumi Raya Pura Mas Kalimantan. The Company started out as a wood based company.
Barito Pacific is one the pioneers of sustainable HTI (Hutan Tanaman Industri, the Indonesian term for industrial forest estate). As the first truly sustainable industrial timber estate operations in Indonesia at the time, the Company quickly built a reputation for being one of the early environmentally-focused wood-based company to emerge from Asia.
In 1993, the Company listed its shares on the Jakarta and Surabaya bourses (recently merged to become the Indonesia Stock Exchange/IDX). The result of this listing was used by the Company to embark on a massive industrial forest plantation development programs and to secure sustainable supply of logs to feed supply the Company's wood processing mils. At the time, the Company had 5 (five) processing mils altogether, producing plywood, blackboards, particle boards and woodworking products for exports to Europe, Asia and America.
The Company changed its name to PT Barito Pacific Timber Tbk in 1996, continued its operations in wood based company and was consistently an environmentally friendly company that produce high quality products.
An inconducive climate pervading over the timber industry in Indonesia since the late '90s, following the Asian financial crisis, had forced the Company to shut down 2 (two) of its mils between 2004 -2007, although Barito Pacific is still exporting plywoods, particle Boards, and blackboards today from its 3 (three) timber estate operations in South Kalimantan and North Maluku.
To cope with the inconducive climate that continues to cast a shadow over the industry, the Company pursued the strategy of downsizing its timber based operations, whilst diversifying its business into other resource-based industries.
Preceded by several years of thorough planning and preparation, the transformation of Barito Pacific Timber Group into a fully diversified resource-based enterprise marked a major milestone for the Company in 2007.
One key decision in the Company ongoing transformation was the change of name, identity and colors of PT Barito Pacific Timber Tbk to those of PT Barito Pacific Tbk. The Company decided to drop the word "Timber" to reflect the diversified scope of its businesses today and in the future.
The acquisition of PT Chandra Asri on 2007 which made the Company the controlling majority shareholder with 70% shares in the only olefin producer in Indonesia, marks a key milestone for Barito Pacific. The inclusion of Chandra Asri in the Company portfolio has given Barito Pacific a strategic base from which to grow downstream oil and gas businesses, while in the same time also continue to seek opportunities to develop stakes in the strategic energy resources sector in the future. That acquisition then followed by the acquisition of PT Tri Polyta Indonesia Tbk, a major downstream producer of polypropylene that sourced its propylene raw material from Chandra Asri, on June 2008.
Barito Pacific will be engaged in the forestry, petrochemicals, property and plantation industry sectors, and ultimately evolved into a fully diversified resource-based enterprise with growing interests in the mining and energy sectors, among other developments.
