On 6 September 2019, Chandra Asri and PT Styrindo Mono Indonesia (SMI), a subsidiary of PT Chandra Asri Petrochemical Tbk, won the Gold Award at Awarding Night of Indonesian Sustainable Development Goals Awards (ISDA) organized by Corporate Forum for Community Development (CFCD). ISDA is an appreciation event for companies that are considered in empowering the community through CSR programs that are in line with Sustainable Development Goals (SDGs).
This award is a proof of company commitment in developing CSR programs that are sustainable and in line with SDGs values in order to achieve global development goals.
On 29 August 2019, PT Chandra Asri Petrochemical Tbk signs a Momerandum of Understanding (MoU) with Banten Regional Police (Polda) on building construction Banten Police Headquarter (Mapolda). The signing was represented by Mr. Suryandi, as the Director of CAP. Previously in 2015, CAP also supported Polda Banten with donation of 10 motorcycle units to support police operations in keeping public safety and comfort.
This support is to help Banten Police enhance its public service, as part of CAP’s commitment to be Banten Province’s growth partner.
On 13-16 August 2019, CAP invited Bond Investors/ VIP Bondholders to Bangkok as a token of appreciation for their participation in the issuance of Shelf Registration Bonds II Chandra Asri Petrochemical Phase II Year 2019 in the amount of Rp750 billion last May. This VIP Trip is part of Chandra Asri Bond Club's loyalty program to maintain better relationships, participation levels, and trust from Chandra Asri bondholders.
In 25 July 2019, PT Chandra Asri Petrochemical Tbk (CAP) represented by Bapak Suryandi, the company’s Director, received 3rd place award of Indonesia Best Public Companies by SWA Magazine. This award main indicator was Wealth Added Index (WAI), that is a benchmark towards issuers with ability to return share price gains and dividends, more than its cost of equity, to its investors.
Every year, SWA Magazine releases 100 Best Wealth Creator companies in Indonesia (SWA 100). This year’s award that CAP received indicates improvement by five ranks, from ranking 8 received in 2018. CAP is also the only non-bank companies that ranked Top 5 in SWA 100, year 2019.
On 24 Juli 2019, Mubadala, OMV, Chandra Asri Petrochemical have signed a Memorandum of Understanding to explore opportunities for collaboration in the petrochemical sector in Indonesia. The Memorandum of Understanding documents the intention to explore potential opportunities for collaboration in the area of petrochemicals in Indonesia. The companies will set up working groups to jointly define a schedule for the evaluation of the opportunities.
The signing of the agreement was witnessed by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and His Excellency Joko Widodo, President of the Republic of Indonesia. The agreement was signed by Mr. Musabbeh Al Kaabi, CEO of Petroleum & Petrochemicals Mubadala Investment Company, Dr. Rainer Seele, CEO of OMV and Erwin Ciputra, President Director of PT Chandra Asri Petrochemical Tbk and PT Chandra Asri Perkasa.
This collaboration is one proof of the company's commitment to serving Indonesia’s promising market potential, and supporting the country’s demands for growth, economic prosperity and industrialization.
On 17-19 July 2019, PT Chandra Asri Petrochemical Tbk participated in annual exhibition Indo Water 2019 which held in Jakarta Convention Center. One of CAP’s highlight product in the event is Asrene SP4808. This High Density Polyethylene (HDPE) plastic pellet is the key material to high pressured drinking water pipe whose the supply is still dominated by imports. Through this product champion, CAP is ready to compete for domestic demand. With the capacity addition from new Polyethylene plant for 400 KTA that will operate in Q4 2019, CAP optimist to be able to support government in meeting the needs of value-added and high durable products for national infrastructure development project, especially for drinking water pipe raw material.
For Asrene SP4808 Fact Sheet Product download here
On 27 May 27 2019, PT Chandra Asri Petrochemical Tbk officially granted a land in Anyer for Research and Development Ministry of Industry (Ministry of Industry) for the construction of the Petrochemical Polytechnic. The manuscript for collaborating was signed by Mr. Suhat Miyarso, VP of Corporate Relations CAP who attended with Mr. Abraham Sinatrawan, Department Manager of CSR CAP and Mr. Haris Munandar as Secretary General of the Ministry of Industry. The two-hectare grant land which is approximately 3-4 kilometers from the location of the CAP plant will be used for the construction of the Polytechnic with a special study program in the field of petrochemical. When it’s done, CAP also helps organize the curriculum, provides work facilities and internships, assigns the best employees to become lecturers and will prioritize the development of polytechnics to be able to work in CAP.
CAP received Energy Management Insight Award in the event of Energy Management Leadership Awards held by Clean Energy Ministerial, an international organization that promote policies and share best practices to accelerate transition to clean energy. CAP is appointed by Indonesian’s Ministry of Energy and Mineral Resources (ESDM) to be one of three organizations to represent the country in this international and prestigious event. Energy Management Insight Award received by CAP, is a result of good energy management program implementation that is in accordance with the obtained ISO 50001 certificate. The panel for this award consist energy experts from various industries and G20 countries.
On 13 May 2019, PT Chandra Asri Petrochemical Tbk held Annual General Meeting of Shareholders (AGMS), for the financial year of 2018 in Wisma Barito Pacific, Jakarta. Led by Mr. Djoko Suyanto as President Commissioner, the meeting was attended by the board of commissioner and directors of Chandra Asri. On this occasion, the shareholders approved to all the subjects discussed, one of them was the use of net profit in 2018 as cash dividends with a total value of US$54,500,000. This number will be taking into account with an interim dividend of US$28,801,917 paid on 24 October 2018. Thus, the remaining amount of cash dividend to be paid is US$25,698,083 or equal with US$0.00144.
The meeting also approved changes in company's structure which will start effective from 1 July 2019 until the closing of the Company's Annual General Meeting of Shareholders to be held in 2021, as well as several amendments to the Articles of Association, one of them, was the change in the company's status from foreign investment become domestic investment.
As a form of concern for the environment, on 30 May 2019, PT Chandra Asri Petrochemical Tbk held a beach clean up called Coastal Clean Up. The event was held at Paku Beach, Anyer, Serang, is a collaboration between Chandra Asri and Dow Chemical Indonesia. 336 people participated along the 2 kilometer coast of Paku Beach and managed to collect 1,036 kilograms of waste which were divided into 11 categories. These wastes are handed over to TPS3R to be managed and recycled. This activity is expected to provide education regarding waste sorting and the 3R concept (Reuse, Reduce, and Recycle) as a waste management solution.