Following is Announcement of Administrative Selection of CAP-UGM Scholarship 2018.
On 5 March 2018, PT Chandra Asri Petrochemical Tbk donated two hectares of land to build Polytechnic of petrochemical industry in Banten. The assistance was symbolically handed over by Mr. Suhat Miyarso, VP Corporate Relations of the Company to the Industry Ministry Education and Training Center Head, Mr. Mujiyono, at the launch of the Vocational Education Industry. The Company fully supports the vocational education program, the follow-up to Presidential Instruction No. 9 Year 2016 concerning the revitalization of vocational. The Company expects the presence of this Polytechnic of petrochemical industry will be able to counter the fulfillment of competent workforce that is needed in Cilegon as petrochemical industrial cluster.
On 2 February 2018, PT Chandra Asri Petrochemical Tbk has commenced the groundbreaking of a new Polyethylene Plant project with a capacity of 400 KTA. The ceremony was taken place at CAP’s integrated petrochemical complex in Cilegon, Banten province where the new plant will be constructed. Symbolically, the project’s groundbreaking was marked with commitment banner signing by CAP management which represented by Mr. Erwin Ciputra –President Director, and representatives from EPC contractors which includes Toyo Engineering Corporation (Toyo-Japan) by Mr. Tomohisa Abe – Director, Toyo Engineering Korea Limited (Toyo-Korea) by Mr. Toru Osanai – President & CEO, and PT Inti Karya Persada Tehnik (IKPT-Indonesia) by Mr. Eiji Hosoi – President Director.
This new PE plant facility will produce High Density Polyethylene (HDPE), Linear Low Density Polyethylene (LLDPE), and Metallocene LLDPE (mLLDPE). Some of the product applications for LLDPE and HDPE among others as blown film, rice bag, toy, bottle lid, shopping bag, houseware, rope, tarpaulin, pipe, container box, etc.
Shares of PT Chandra Asri Petrochemical Tbk (ticker code: TPIA) joined LQ45 Indonesian Stock Exchange (BEI) for period of February-July 2018. This is the first time for TPIA coming into the ranks 45 most liquid shares listed on IDX. The entry of TPIA to the LQ45 index is a proud achievement as it is an indication of the high level of market confidence towards fundamental/performance aspects of the Company. TPIA is also considered to have liquidity and market capitalization to be reckoned with as LQ45.
On 24 January 2018, a day after the 6.4 magnitude earthquake that shook Lebak District, Banten, PT Chandra Asri Petrochemical Tbk visited two of the most affected districts, Panggarangan and Malingping Subdistricts. Hundreds of homes in both locations suffered minor or severe damage caused by the earthquake. The company's CSR team came to give moral support and distributed donation of basic food and clothing to earthquake victims who have returned to their homes, and those who still survive in the camps. This assistance comes from the Company's year-end program, Year End Giving, which raised funds from all employees and involves CAP’s Mosque Welfare Council (DKM), CAP’s Alms Agency (BAZIS), and the Company’s Cooperatives.
On 21 December 2017, PT Chandra Asri Petrochemical Tbk and its subsidiary, PT Styrindo Mono Indonesia (SMI) received respectively Level 5 Green Industry Award 2017. This award was given by the Secretary-General of the Ministry of Industry, Bapak Husni Munandar to the Company’s Management representatives, Bapak Ruly Aryawan and Bapak Boedijono Hadipoespito, at the award ceremony held by Ministry of Industry in Jakarta. Through this achievement, the Company and SMI considered to meet the standard in increasing the efficiency and effectiveness of production and has been applying the principles of green industry in its operation.
On 8 December 2017, PT Chandra Asri Petrochemical Tbk together with PT Bukit Asam Tbk, PT Pertamina (Persero) and PT Pupuk Indonesia (Persero) signed a Head of Agreement of Coal Gasification Cooperation Becoming Syngas as Feedstock of Urea, Polypropylene and Dimethyl Ether Products. Through this partnership, the Company will be able to produce Polypropylene with coal as its feedstock. This coal-based Polypropylene can help Indonesia meet domestic needs while reducing imports of polypropylene, which are still a large and growing. In addition, Indonesia will also gain higher added value from coal, which is currently used only as fuel for power plants and export commodities.