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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



Asphalt Plastic Inauguration Along 19 Km with Cilegon City Government

25 Nov 2019
Asphalt Plastic Inauguration Along 19 Km with Cilegon City Government
25-11-19

Asphalt Plastic Inauguration Along 19 Km with Cilegon City Government

Committed to implementing the circular economy concept, on 25 November 2019, PT Chandra Asri Petrochemical Tbk together with Cilegon City Government inaugurated plastic asphalt road along 19 kilometers spread across 34 points in Cilegon City.

Located at Al-Ishlah Foundation, this event was attended by Ratu Ati Marliati, as Deputy Mayor of Cilegon. Chandra Asri provided 16.5 tons of High-Density Polyethylene (HDPE) plastic bag waste for the asphalt mixture. Implementation of plastic asphalt is a form of CAP's business as a growth partner for the government to participate in the management of plastic waste.

Chandra Asri Participated in Plaspak 2019

20 Nov 2019
Chandra Asri Participated in Plaspak 2019
20-11-19

Chandra Asri Participated in Plaspak 2019

On 20-23 November 2019, Chandra Asri participated again in the largest plastic exhibition in Indonesia, Plaspak Indonesia 2019. The opening ceremony and press conference were attended by Bapak Taufik Bawazier, Director of the Downstream Chemical and Pharmaceutical Industry Ministry of Industry of the Republic of Indonesia.

Not only displaying a booth with the theme ‘Your Growth Partner’, Chandra Asri also presents a mini-seminar, called Tech-Talk. In this Tech-Talk, it is explained about the use of LLDPE for low voltage cable applications to support infrastructure projects in Indonesia and the milestone and Chandra Asri's plans in the future in supporting the automotive industry.

CAP and SMI Received Award Again at TKPMN XXIII

18 Nov 2019
CAP and SMI Received Award Again at TKPMN XXIII
18-11-19

CAP and SMI Received Award Again at TKPMN XXIII

On 18-22 November 2019, the 23rd National Quality & Productivity Gathering (TKMPN) event was held in Solo city. Themed ‘With Our Spirit of Innovation Improving Quality and Productivity in supporting Industry Era 4.0’, this time the topic of discussion included Manufacturing, Service Public Sector, Healthcare, Education and Other.

In this event, PT Chandra Asri Petrochemical Tbk received Platinum Award represented by Mahadhika waskito, Ahmad Andika and Poppy Indah Sari as SGA Engineer Cation from the PE Process Improvement Section and PT SMI received Gold Award represented by Sugeng Priyono, Seno Pamungkas, and Imanuel Febrianto as SGA Operator Velloz Rx from PS1. Meanwhile, the facilitator from the TPM Section was represented by Alfian Kello.

Extraordinary General Meeting of Shareholders and Public Expose 2019

15 Nov 2019
Extraordinary General Meeting of Shareholders and Public Expose 2019
15-11-19

Extraordinary General Meeting of Shareholders and Public Expose 2019

On 15 November 2019, PT Chandra Asri Petrochemical Tbk held an Extraordinary General Meeting of Shareholders (EGMS) followed by a Public Expose 2019. Located at Wisma Barito Pacific, Jakarta, the meeting was attended by the Board of Commissioners and Directors of Chandra Asri.

Throughout the meeting, a merger plan between Chandra Asri and its subsidiary, PBI, was approved. This merger will improve the efficiency and effectiveness of the daily business activities of Chandra Asri. There is no work termination of employment because all PT PBI employees will become Chandra Asri employees.

In addition, the shareholders have approved the appointment of Mr. Tanawong Areeratchakul as a new member of the Board of Commissioners, replacing Mr. Cholanat Yanaranop, for the period from the close of the meeting until closing of the next Annual General Meeting of Shareholders which will be held in 2021.

CAP Wins Silver Award at OPEXCON 2019

07 Nov 2019
CAP Wins Silver Award at OPEXCON 2019
07-11-19

CAP Wins Silver Award at OPEXCON 2019

On 7 November 2019, the Indonesia Operational Excellence Conference and Award was held again. This event is peak of a whole series of 2019 OPEXCON Project Competition, which is the biggest improvement competition initiated by SHIFT Indonesia and has been held since 2012.

With theme "OPEX 4.0: Process Excellence, People Transformation & Digital Innovation", the event was opened by the Minister of Communication and Information of the Republic of Indonesia (Menkominfo), Mr. Johnny G. Plate. Furthermore, an awarding session was given to appreciate companies for their successful efficiency gains through a process improvement program, ranging from the service industry, manufacturing, and energy sectors which consisted of 78 project topics. In this event, CAP received Silver Award for the two SGAs that were registered.