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Chandra Asri and Vopak Sign LOI for Partnership in Industrial Terminal in Indonesia
Chandra Asri and Vopak Sign LOI for Partnership in Industrial Terminal in Indonesia
05-10-20

Chandra Asri and Vopak Sign LOI for Partnership in Industrial Terminal in Indonesia

On 5 October 2020, PT Chandra Asri Petrochemical Tbk and Royal Vopak (Vopak), the world’s leading independent tank storage company, have signed a Letter of Intent (LOI) to set up a joint venture company for collaboration in the industrial infrastructure business in Cilegon, Banten Province, Indonesia.

Chandra Asri and Vopak will explore exciting storage opportunities in supply networks, to help grow existing petrochemical value chains and lay the foundations for an expanded industrial cluster in Cilegon, Banten Province, Indonesia. The finalization of this LOI and the setting up of the joint venture company is subject to final terms and conditions, including customary regulatory and shareholder approvals.



Latest News



Chandra Asri Supports The First Plastic Asphalt in Semarang

17 Feb 2020
Chandra Asri Supports The First Plastic Asphalt in Semarang
17-02-20

Chandra Asri Supports The First Plastic Asphalt in Semarang

From 17 February to 20 February 2020, Chandra Asri supported the first plastic asphalt in Semarang City. Collaborating with Dian Nuswantoro University (Udinus) and Semarang City Government, the implementation was held on Jalan Yudistira to Jalan Arjuna Raya, Kel. Pendrikan Kidul, Central Semarang which is a road in the campus area.

 This collaboration is a form of the application of the concept of circular economy in Indonesia in the processing of plastic waste in Indonesia, so that single-use plastic waste can be reused into high-value products and does not end up at the Final Disposal Site (TPA). To maximize this waste management, waste segregation is needed from the beginning so that the material value of each waste can be maintained.

SMI Officially Launches PAUD Al-Hikmah in Puloampel

12 Feb 2020
SMI Officially Launches PAUD Al-Hikmah in Puloampel
12-02-20

SMI Officially Launches PAUD Al-Hikmah in Puloampel

On 12 February 2020, Chandra Asri through its subsidiary, PT Styrindo Mono Indonesia, in collaboration with the Happy Hearts Indonesia Foundation, inaugurated PAUD Al-Hikmah building.

Located in Margasari Village, Puloampel District, Serang Regency, PAUD Al-Hikmah is one of many inadequate PAUD in Serang. After going through the rebuilding process for approximately four months, now PAUD Al-Hikmah has stood firm with a decent and comfortable building for teaching and learning activities.

Supporting Literacy, Chandra Asri Donates Books and Bookshelves

12 Feb 2020
Supporting Literacy, Chandra Asri Donates Books and Bookshelves
12-02-20

Supporting Literacy, Chandra Asri Donates Books and Bookshelves

As a part of support in increasing literacy starting at an early age, Chandra Asri through the Literacy Corner Program donated books and bookshelves to seven schools located in the area around the company's operations, consisting of 4 PAUD and 3 Elementary Schools. Three PAUD are partner schools which previously received class rebuilding assistance along with school facilities. A total of 499 books were donated for this program and 43 of them were the result of employee donations in the Year End Giving 2019 program last December.

Astra International Visit to Chandra Asri

12 Feb 2020
Astra International Visit to Chandra Asri
12-02-20

Astra International Visit to Chandra Asri

As a growth partner for the Government, PT Chandra Asri Petrochemical Tbk is committed to continuously provide plastic waste management education to society. On 12 February 2020, Astra International and its subsidiary visited Chandra Asri Site Office in Cilegon.

Through this visit, Astra International employees were allowed to study the plastic waste management program that has been implemented by Chandra Asri, which is a plastic asphalt road. The participants of the activity were explained the materials of plastic asphalt as an alternative solution through plastic waste issues. Throughout 2019, Chandra Asri has successfully implemented 22 kilometers of plastic asphalt by utilizing 18.8 million pieces of plastic bag waste.

From this activity, good cooperation is expected to be established between Chandra Asri and Astra International of managing plastic waste in Indonesia.

EGMS Approved to Increase Capital by Pre-emptive Rights

05 Feb 2020
EGMS Approved to Increase Capital by Pre-emptive Rights
05-02-20

EGMS Approved to Increase Capital by Pre-emptive Rights

Early in 2020, PT Chandra Asri Petrochemical Tbk held an Extraordinary General Meeting of Shareholders, on 5 February, at Wisma Barito Pacific, Jakarta. The meeting was led by Mr. Djoko Suyanto, as President Commissioner, and was attended by the Board of Commissioners and Directors Chandra Asri.

The majority of shareholders approved Chandra Asri's plan to increase capital by giving Pre-emptive Rights to the Company's shareholders through the Limited Public Offering III mechanism.

In addition, the meeting also approved the amendment to the provisions of Article 4 paragraph (2) of the Company's articles of association regarding the Company's issued and paid-up capital, in connection with the realization of the additional capital by giving HMETD to shareholders through the mechanism of Limited Public Offering III.