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Inauguration of the Tangkilsari Bridge in Pandeglang Regency
Inauguration of the Tangkilsari Bridge in Pandeglang Regency
14-06-21

Inauguration of the Tangkilsari Bridge in Pandeglang Regency

Continuing its commitment as a growth partner for the people of Banten Province, on 14 June 2021, PT Chandra Asri Petrochemical Tbk inaugurated the Tangkilsari Bridge in Cimanggu District, Pandeglang Regency. The construction of the third bridge by Chandra Asri took about three months and already completed in 2020 with cooperation between the Company, the Indonesian Village Volunteer Foundation (Yayasan Relawan Kampung Indonesia), the local government, and the local community.

Chandra Asri's concern in the construction of the Tangkilsari Bridge was appreciated by Mrs. H. Irna Narulita S.H, M.M as the Regent of Pandeglang who was also attend the inauguration ceremony. According to her, the Tangkilsari Bridge will provide smooth mobility for the community and will certainly have an impact on social, economic, health and education.



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Chandra Asri and Bank Mandiri Sign Credit Facility of IDR5 Trillion-equivalent

11 Jun 2021
Chandra Asri and Bank Mandiri Sign Credit Facility of IDR5 Trillion-equivalent
11-06-21

Chandra Asri and Bank Mandiri Sign Credit Facility of IDR5 Trillion-equivalent

In strengthening the national petrochemical industry, on 11 June 2021, PT Chandra Asri Petrochemical Tbk partnered with PT Bank Mandiri (Persero) Tbk (Bank Mandiri), to sign a new term loan and account receivables financing facility agreement with a total equivalent value of IDR5 trillion. This financing will be used to finance the company's daily operations and support Chandra Asri's working capital requirements.

This partnership with Bank Mandiri demonstrates public confidence in Chandra Asri's solid financial profile. Certainly, innovation and collaboration will continue to be carried out with the best partners to provide superior performance for Indonesia.

Chandra Asri Conducts the Gotong Royong COVID-19 Vaccination Program for Employees

18 May 2021
Chandra Asri Conducts the Gotong Royong COVID-19 Vaccination Program for Employees
18-05-21

Chandra Asri Conducts the Gotong Royong COVID-19 Vaccination Program for Employees

Witnessed virtually by the President of the Republic of Indonesia Joko Widodo, PT Chandra Asri Petrochemical Tbk became one of 19 companies that started implementing the Gotong Royong COVID-19 Vaccination Program for employees on 18 May 2021. This vaccination is a form of Chandra Asri's support in the success of the national vaccination program to accelerate economic recovery.

In the first phase, vaccinations are for 1,000 Chandra Asri employees out of a total of 4,400 employees and family members. The vaccination activity is planned to be held in stages from May to June 2021 depending on vaccine availability.

Chandra Asri Successfully Launches The First 1 Trillion Rupiah Bond Offering in 2021

06 May 2021
Chandra Asri Successfully Launches The First 1 Trillion Rupiah Bond Offering in 2021
06-05-21

Chandra Asri Successfully Launches The First 1 Trillion Rupiah Bond Offering in 2021

On 6 May 2021, PT Chandra Asri Petrochemical Tbk completed the issuance of a 1 Trillion Rupiah Bond. This was the first issuance in 2021 that is oversubscribed due to a strong participation interest across retail, banking, and institutional investors. This aligned with Chandra Asri’s resilience in navigating the COVID-19 pandemic smoothly, to deliver solid financial results and maintain its robust balance sheet. The Company reported the full year 2020 net profit after tax of US$51.5 million and US$85 million in Q1 2021.

The issuance was again rated idAA- from Pefindo, the oldest and the most trusted credit rating agency in Indonesia. Pefindo has assessed that Chandra Asri’s capacity to meet its long-term financial commitments on a debt security, relative to other Indonesian obligors, is very strong. The issuance will be used to fund Chandra Asri’s working capital as the Company prepares for sustained growth to meet the requirements of the domestic Indonesian market.

Chandra Asri Successfully Launches The First 1 Trillion Rupiah Bond Offering in 2021

06 May 2021
Chandra Asri Successfully Launches The First 1 Trillion Rupiah Bond Offering in 2021
06-05-21

Chandra Asri Successfully Launches The First 1 Trillion Rupiah Bond Offering in 2021

On 6 May 2021, PT Chandra Asri Petrochemical Tbk completed the issuance of a 1 Trillion Rupiah Bond. This was the first issuance in 2021 that is oversubscribed due to a strong participation interest across retail, banking, and institutional investors. This aligned with Chandra Asri’s resilience in navigating the COVID-19 pandemic smoothly, to deliver solid financial results and maintain its robust balance sheet. The Company reported the full year 2020 net profit after tax of US$51.5 million and US$85 million in Q1 2021.

The issuance was again rated idAA- from Pefindo, the oldest and the most trusted credit rating agency in Indonesia. Pefindo has assessed that Chandra Asri’s capacity to meet its long-term financial commitments on a debt security, relative to other Indonesian obligors, is very strong. The issuance will be used to fund Chandra Asri’s working capital as the Company prepares for sustained growth to meet the requirements of the domestic Indonesian market.

Distribution of Food Packages for Communities Affected by COVID-19

05 May 2021
Distribution of Food Packages for Communities Affected by COVID-19
05-05-21

Distribution of Food Packages for Communities Affected by COVID-19

To boost economic recovery for local communities affected by the COVID-19, PT Chandra Asri Petrochemical Tbk distributed 2,000 food packages containing a total of 5,000 kg of rice produced by local farmers in the Serang Regency.

These basic food packages are distributed in stages on 5-11 May 2021 to the DKI Jakarta Integrated Waste Management Unit, Jakarta Recycle Center officers, the Indonesian Scavenger Association, the Sehati Maju Bersama Self-Help Group, communities around Cilegon City, as well as orphans through several mosques and orphanage foundations in Jakarta and Bogor.