On 6 November 2017, PT Chandra Asri Petrochemical Tbk held Extraordinary General Meeting of Shareholders (EGMS) in Wisma Barito Pacific, Jakarta. In the Meeting, Shareholders of the Company have approved the splitting of the Company’s shares nominal value (stock split) with the splitting unit ratio of 1:5 (one in five). After the AGMS, the Company held Annual Public Expose 2017 with agenda on recent updates of the Company’s business operations and financial performance. The event which was attended by invitations from securities, banks, analysts and media ended with Q&A session with the Management.
PT Chandra Asri Petrochemical Tbk won four Gold Awards at the International Convention on Quality Control Circle (ICQCC) held in Manila, Philippines, on 24-28 October 2017. In this competition of innovation and quality improvement, the Company sent four Focus Improvement projects and all four were awarded the highest award of Gold Award. This is the second time the Company participates in this international event. Previously, the Company received two Gold Awards at ICQCC 2016 in Bangkok, Thailand.
On 19 October 2017, PT Chandra Asri Petrochemical Tbk gave scholarships with opportunities to work in the Company to eight students of Chemical Engineering and Mechanical Engineering Department of Gadjah Mada University. This agreement is contained in a Memorandum of Understanding (MoU) of research collaboration and admission of new students through the partnership. This scholarship was handed over symbolically by Bapak Suryandi (Director) accompanied by Bapak Suhat Miyarso (VP Corporate Relations) and witnessed by UGM Rector, Bapak Panut Mulyono at Rectorate Building UGM, Yogakarta. The cooperation between the Company and UGM is expected to increase the competitiveness of both and is expected to support the development of education and research at UGM.
On 11 October 2017, PT Chandra Asri Petrochemical Tbk received the Silver Award for Manufacturing category in Operational Excellence Conference & Award 2017 (OPEXCON17) at Ritz Carlton Pacific Place Jakarta. In this annual event by SSCX International, CAP competed with 150 project improvement from big companies in Indonesia. This is the fifth time CAP received the OPEXCON award. Previously, we managed to bring home the Gold Award (2016 dan 2013), Silver Award (2015), and Bronze Award (2014) for the same category.
PT Chandra Asri Petrochemical Tbk participated in Clean Up Jakarta Day 2017, as part of the Company's concern for the environment by identifying and sorting recyclable materials and increasing understanding of the importance of reduce, reuse, recycle process. This event was held on Sunday, 8 October 2017 at Grand Kemang (Jakarta) by Indonesia Expat and Lions Club District 307 - A1 Zone C. A total of 300 participants including our employees participated in this event by taking a morning walk and picking up trash around Kemang area.
On 20 September 2017, PT Chandra Asri Petrochemical Tbk held One Day Volunteer for renovating Village Cisiram, for the third time. CAP employees act as volunteers to work on home renovation and village infrastructure construction. This time, the CSR team of PT SCG Indonesia participated, together with our volunteers, completed the last two houses out of a total of 22 renovated house. Renovation work has entered the final stage of painting, installation of paving blocks for roads, and foundation work for the Community Center.
On 16 September 2017, PT Chandra Asri Petrochemical Tbk celebrated 25th Anniversary at Hotel Mambruk Anyer by having a festive celebration of employee gathering. On that joyous moment, all of Board Directors, Bapak Agus Salim Pangestu (Commissioners), and all employee were present to join the excitement. This employee gathering event was a grateful and nostalgic momentum of the Company's journey back in 25 years ago, until now as we became Indonesia’s Leading and Preferred Petrochemical Company. Under the anniversary tagline, “Terus Berkembang”, the Company achieved 25 years of excellence through hard work and dedication to serve the Nation.
Having concern on children education quality surround our operational area, on 11 September 2017, PT Chandra Asri Petrochemical Tbk officially conducted groundbreaking to mark the beginning of Rebuilding Early Childhood Development (PAUD) Barokah 1 in Keluhahan Kepuh, Ciwandan, Cilegon. On this project, the Company is partnered with Happy Hearts Indonesia, a non-profit organization dedicated to rebuilding schools and helping people in need. Still at the same day, our employee came in groups to help with the construction work. This activity is one of educational development programs of the Company, for we were not only reconstructing the school building 1, but we also trained the teachers to improve the quality of knowledge transfer process to the children.
On 31 August 2017, PT Chandra Asri Petrochemical Tbk has signed an EPC contract (engineering, procurement, and construction) with Toyo Engineering Group (TOYO) for the construction of a new Polyethylene (PE) plant facility which will be located in the Company's integrated Naphtha Cracker complex in Cilegon, Banten. This agreement was signed by Mr. Erwin Ciputra (President Director) and Mr. Kulachet Dharachandra (Vice President Director) on behalf the Company while TOYO-IKPT was represented by Mr. Tomohisa Abe (Director of Toyo Engineering Corporation Japan), Mr. Toru Osanai (President & CEO Toyo Engineering Korea Ltd), and Mr. Eiji Hosoi (President Director of IKPT). Prior to this award in September 2016, CAP has also signed a license agreement with Univation Technologies, LLC to use UNIPOLTM PE Process as the process technology for this new 400KTA PE plant. This plant, which is targeted to operate in 2020, will increase PE total production capacity from 336KTA to 736KTA.
On 21 July 2017, PT Styrindo Mono Indonesia, a subsidiary of PT Chandra Asri Petrochemical Tbk, planted 10,000 mangrove seedlings in the coast of Karangantu, Banten Bay in the series of "Gebyar Gerakan Banten Bebersih", activity initiated by the Banten Provincial Government. The planting of 10,000 mangrove seedlings was attended by Mr. Wahidin Halim as the Governor of Banten, as well as his Deputy, Mr. Andika Hazrumy and SMI employee representatives. This activity begins with the signing of Environmental Services Cooperation between the Head of Environmental and Forestry Agency of Banten Province with SMI for Forum Komunikasi DAS Cidanau. The 5-year collaboration is expected to maintain the availability of water in the Cidanau River Basin to support the surrounding industry.