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Milestones


  • 1992

    Commenced Polypropylene plant commercial production, comprising 2 trains with initial capacity of 160 kilotonnes per annum (KTPA).

  • 1993

    Completion of de-bottlenecking to increase the capacity of Polypropylene plant to 240KTPA.

  • 1995

    Completion of train 3, increasing Polypropylene plant capacity to 360KTPA.

    Commenced Ethylene Cracker commercial production with the capacity of 520KTPA.

  • 2003

    Development of Mixed C4 products commercially.

  • 2006

    Temasek acquired indirect 30% ownership of PT Chandra Asri in January 2006.

  • 2007

    Added an extra furnace to increase Ethylene production by 80KTPA to 600KTPA and added pipeline network by 25km to 45km.

    Acquired 100% shares of SMI.

  • 2010

    The initial Senior Secured Guaranteed Notes amounted to US$230 million in February 2010.

  • 2011

    Merger of PT Chandra Asri and PT Tri Polyta Indonesia Tbk which was effective on 1 January 2011.

    Commenced construction of the first Butadiene plant in Indonesia in August 2011.

    Completion of de-bottlenecking of Polypropylene Plant in April 2011, to increase capacity to 480KTPA.

    SCG Chemicals Co., Ltd. acquired 30% of the Company’s shares in September 2011.

    Obtained Syndicated Loan Facility amounted to US$150 million to finance Butadiene project in November 2011.

  • 2012

    Obtained a loan amounted to US$220 million from Bangkok Bank Public Company ltd. and Siam Commercial Bank Public Company Ltd.

    Refinancing of Senior Secured Guaranteed Notes which was initially issued by the Company’s subsidiary, Altus Capital Pte., Ltd.

    PBI obtained a Tax Holiday facility from the government to operate its business in relation with the construction of Butadiene plant.

  • 2013

    Establishment of SRI, a joint venture company owned together by PBI and Michelin, a strategic partnership in synthetic rubber business.

    Signed a cooperation contract of EPC for the construction of the Company’s Naphtha Cracker with Toyo Engineering Corporation.

    Completion of Butadiene plant construction.

    The shareholders approved the Limited Public Offering I of the Company’s Shares with Preemptive Rights (rights issue). The Company obtained US$127.9 million from rights issue proceed.

    Obtained a Term Loan Facility from banks amounted to US$265 million to finance Cracker expansion.

  • 2015

    SRI signs an EPC cooperation contract with Toyo Engineering Corporation and PT Inti Karya Persada Tehnik for the development of synthetic rubber plant facilities.

    The completion of capacity expansion project of the Naphtha Cracker up to 860KTPA and Turn-Around Maintenance (TAM).

  • 2016

    Signing of a license agreement with Univation Technologies, to use the UNIPOL Polyethylene Process for a new Polyethylene plant.

    Obtained Unsecured Working Capital Facility from Kaskornbank Thailand, amounted to THB4 billion (~US$110 million).

    Obtained corporate rating of “idA+” from PEFINDO.

    Moody’s Investors Service upgraded the corporate family rating from B2 to B1.

    Standard & Poor’s Ratings Services revised the Company’s rating outlook from stable to positive, B+.

    Signing of Single Currency Term Facility Agreement amounted to US$199,800,000 for the refinancing of loan in the amount of US$265 million.

    Public Offering of Chandra Asri Petrochemical I Bonds Year 2016 amounted to Rp500 billion.