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.
This year began with a proud achievement from PT Styrindo Mono Indonesia (SMI), a subsidiary of PT Chandra Asri Petrochemical Tbk. On 8 January 2020, SMI received the Green category award in the Corporate Performance Rating Program in Environmental Management (PROPER). The award was handed-over by Ibu Siti Nurbaya, Minister of Environment and Forestry Republic of Indonesia. This award is a Green category for the third time. This achievement is certainly proof of the company's commitment in managing the environmental management system, energy and water efficiency, reducing the burden of wastewater, reducing emissions, protecting biodiversity, 3R of B3 waste and non-B3 solid waste, and implementing community empowerment programs (CSR).
Based on its commitment to become a growth partner for community around the company, PT Chandra Asri Petrochemical provided aids for the flood victims in Banten Province which was directly received symbolically by the Governor of Banten Province, Mr. Wahidin Halim, on Sunday, 5 January 2020. The assistance for the flood victims comes in the form of 1,500 packages of sanitary kit (soap, shampoo, toothbrushes and toothpaste) and 1,500 packages of baby kit (wet tissue, pampers and baby food), which will be distributed directly by the Banten Province government to the most affected areas, including Lebak District, Tangerang City, and South Tangerang.
This year, PT Chandra Asri Petrochemical Tbk and its subsidiary, PT Styrindo Mono Indonesia (SMI), received Green Industry award 2019 again from the Ministry of Industry with level 5 award. The Green Industry Award is an award for industries that in the production process applyefficiency and effectiveness in the sustainable use of resources.Until now, SMI has received the highest award of level 5 Green Industry 5 times.Whereas Chandra Asri has been awarded the level 5 Green Industry award 3 times.
In its commitment to continue to be a growth partner for Indonesia, PT Chandra Asri Petrochemical Tbk together with the President of the Republic of Indonesia, Joko Widodo (Jokowi) inaugurated the new polyethylene (PE) plant on Friday, 6 December 2019. Located at the new PE plant location, Cilegon, the inauguration was also witnessed by the Minister of Industry of the Republic of Indonesia, Agus Gumiwang Kartasasmita; the Minister of BUMN, Erick Thohir; and the Governor of Banten, Wahidin Halim.
This new PE plant provides an additional capacity of 400 thousand tons per year, bringing the total capacity to 736 thousand tons per year. Chandra Asri’s effort in capacity building is intended to take part in suppressing the import of petrochemical materials and support the national economy.
On 27 November 2019, Chandra Asri received an award in CSR Citra Award 2019 at Cilegon City, held by the Regional Government of the Social Service City of Cilegon in collaboration with Cilegon Corporate Social Responsibility (CCSR). CSR Citra Award is an award to business company in Cilegon who have carried out their social responsibilities to the community. CSR programs carried out have an impact on improving the standard of living of the community, both in terms of economic, education, health, environmental, socio-cultural sustainability, and sports.
Photo source: harianbanten.co.id
On 21 November 2019, PT Chandra Asri Petrochemical Tbk received three awards in HR Excellence Awards 2019 held by HumanResources Online. Located at InterContinental Hotel, Pondok Indah, Jakarta, this award was dedicated to appreciating the Human Resources Industry and was attended by HR practitioners from various companies and industries in Indonesia.
From five categories participated, CAP won in three categories, namely silver award for the Excellence in Leadership Development category, gold award for the Excellence in Team Collaboration category, and HR Leader of the Year for the individual category on behalf of Lenny Woen, HR Strategy & Management General Manager.
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.
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.
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.