On 29 November 2018, a joint venture between PT Chandra Asri Petrochemical Tbk and Michelin, PT Synthetic Rubber Indonesia (SRI) inaugurated its plant located in Cilegon, West Java. The plant is inaugurated by the Minister of Industry, Airlangga Hartanto, and the Minister of State, attached to the Minister for Europe and Foreign Affairs of the French Republic, Jean-Baptiste Lemoyne. The event is also attended by Thomas Lembong, Head of Indonesian Investment Coordinating Board (BKPM). The presence of SRI will strengthen the manufacturing sector by producing value added products, combining Chandra Asri’s raw material products and Michelin’s technology that changes these raw materials into semi-finished products used in the key components to produce environmentally friendly tires.
On 16 November 2018, PT Chandra Asri Petrochemical Tbk held Investor Gathering, to announce the plan of bonds issuance through the Shelf Registration Bonds II Chandra Asri Petrochemical Phase I Year 2018 with a target of Rp 2 trillion. For phase I, Bonds issued with maximum amount of Rp 500 billion, consisting of Series A and B with tenors of 3 (three) and 5 (five) years respectively. Bond interest is paid quarterly, which will be paid for first time on 19 March 2019.
The public offering was attended by PT BCA Sekuritas, PT DBS Vickers Sekuritas Indonesia, PT Mandiri Sekuritas as the underwriters for the issuance of the securities. The Company is confident in building trust of the investors in this Bond Public Offering.
On 7 November 2018, PT Chandra Asri Petrochemical Tbk brings home Gold Award for Manufacturing category in Operational Excellence Conference & Award 2018 (OPEXCON18) held in Ritz Carlton Pacific Place, Jakarta. In this annual event held by SSCX International, Chandra Asri competes with 220 improvement projects from various major companies in Indonesia. This year’s award marks the 6th time of Chandra Asri’s success in OPEXCON after the Gold Awards (2016 and 2013), Silver Awards (2015 and 2017) and Bronze Award (2014) in the same category.
On 29 - 30 October 2018, PT Chandra Asri Petrochemical Tbk takes part in Our Ocean Conference 2018 in Bali Nusa Dua Convention Center. Having the opportunity to talk in Ocean Talk, Chandra Asri shares information regarding plastic road, one of its sustainability programs and alternative in tackling plastic waste problem. In addition to the Ocean Talk, Chandra Asri also participate in Our Ocean Conference 2018 Exhibition to further communicate plastic road program and company's other sustainability programs.
On 25 October 2018, PT Chandra Asri Petrochemical Tbk achieved 3 Gold Medals and 1 Silver Medals in Singapore, through International Convention on Quality Control Circle (ICQCC), one of the most prestigious international convention in quality control circle. The three gold medals were achieved by Chandra Asri Small Group Activity (SGA) in Ethylene, Electric Polymer and Utility, and as for the silver medal was achieved by Chandra Asri SGA in Ethylene Cold Section. These are truly a motivation for Chandra Asri to keep making achievements and bringing more positive lights for Indonesia in international level.
On 25 October 2018, PT Chandra Asri Petrochemical Tbk won the highest award in Padmamitra Awards 2018 for Social Problem Handling in the Field of Poverty. The Padmamitra Awards is an appreciation platform by the Ministry of Social Affairs Republic Indonesia with the Social Responsibility Forum in Organizing Social Welfare (Kessos CSR Forum), held at the Swiss-Belhotel Ballroom in Jakarta. The award was given directly by the Social Minister of the Republic Indonesia, Mr. Agus Gumiwang Kartasasmita to Mr. Abraham Sinatrawan, CSR Manager of PT Chandra Asri Petrochemical Tbk. This appreciation was awarded for the company's commitment in implementing a sustainable CSR program to improve the surrounding community quality of life.
On 24 October 20180, PT Chandra Asri Petrochemical Tbk held Extraordinary General Meeting of Shareholders (EGMS) in Wisma Barito Pacific, Jakarta. The meeting was attended by board of commissioner and directors with agenda of change in company's structure. Led by Mr. Djoko Suyanto as President Commissioner (also as Independent Commssioner), the meeting agreed upon the change of company's structure, that is to appoint Mr. Suryandi as Director, that also act as Independent Director.
On 11 October 2018, PT Chandra Asri Petrochemical Tbk through the CSR team sent assistance to the victims of the earthquake, tsunami, and liquefaction that occurred on 28 September 2018 in Palu, Sigi, and Donggala, Central Sulawesi. As a result of this natural disaster, majority of citizens around Palu lost their home and their loved ones. With the intention of helping Palu to recover, Chandra Asri employees raised fund to ease the least of distress the survivors may have. This donation was distributed to our employee’s family who were also impacted and to communities that are not yet being reached through Sekolah Relawan Foundation, a disaster response organization who also among the first organizations to arrive in the locations. The donation was also given to the Regional Government of Donggala as one of the most affected area. Donations given were for refugee logistics, compensation for those who lost family members, and minor house repairs.
On 4 October 2018, PT Chandra Asri Petrochemical Tbk share the implementation of Plastic Road at the 12th Polymer National Symposium (SNP XII) that was held at Margo Hotel, Depok. The annual program is a collaboration between the Indonesian Polymers Association (HPI) and Student Association of the Faculty of Engineering Metallurgy and Material from University of Indonesia. This event is a discussion platform for governments, academics, researchers and industry representatives. This 2018 theme of SNP XII is "Dealing Environmental Challenges with Plastic Technology”.
Mr. Edi Riva'i, Chandra Asri General Manager of Polymer TSPD had the opportunity to be a speaker. Through this platform, he shares the process of utilizing used plastic bag as an asphalt mixture material which then applied in Chandra Asri plant located in Cilegon, Banten. According to the research of the Ministry of Public Works of Public Housing (PUPR), plastic road has a 40% higher resistance rate than conventional one. Therefore, it is more durable and not easily cracked. This plastic road implementation, is a sustainability initiative from Chandra Asri to support sustainable development.
20 September 2018, PT Styrindo Mono Indonesia (SMI) handover supports taking form as 4 sewing machines for Maju Terus Mangunreja Coop, donation for Mangunreja Village’s Community Center refinement, and socialization regarding the utilization of non-hazardous waste in Mangunreja Village Office Hall, Serang, Banten. These supports aimed to serve Maju Terus Mangunreja Coop who’s currently developing a business for dust cloth production and empowering the locals through community center refinement and socialization. SMI wish to lift up the locals’ living standards by providing these aids.