On 11 December 2018, PT Chandra Asri Petrochemical Tbk held seminar “Innovative Polyethylene for Rotomolding and Wire-Cable to Support Indonesia’s Infrastructure Sector” in Ayana Midplaza, Jakarta. Also inviting Bapak Taufik Bawazier, Director of Downstream Chemistry, Indonesian Ministry of Industry and Bapak Noval Jamalullail, President of Indonesian Association of Power Cable Plant (APKABEL), this seminar also serve as product launching of Chandra Asri’s Asrene UR3840V (Rotomolding) & Asrene UC1827 (Wire-Cable).
After going through development phase for the past 1-2 years, Asrene UR3840V & Asrene UC1827 is officially launched, due to strong support from government and customers. This new product line was prepared for the capacity expansion of Polyethylene Plant, that will be ready to operate by 2019, and to cater the needs of raw material from domestic industry player, to support nation’s infrastructure sector.
On 10 December 2018, PT Chandra Asri Petrochemical Tbk received the Good Corporate Governance (GCG) Award in The 10th IICD Corporate Governance Award 2018 for the Top 50 Big Capitalization Public Listed Company category. This year’s theme is Bringing About CG Changes: Opportunities and Challenges for Directors. It’s an appreciation ceremony from the Indonesian Institute for Corporate Directorship (IICD) to public companies deemed to be committed to running GCG. This is the fourth time the Company received the award. Previously, the Company was included in the list of preferred companies that received GCG Award for Top 50 Biggest Market Capitalization Public Listed Companies (2017), Top 50 Public Listed Company (2016 and 2015) and The Best Improved (2015) categories.
On 27-30 November 2018, PT Chandra Asri Petrochemical Tbk and Styrindo Mono Indonesia (SMI) take part in the National Quality & Productivity Convention (TKMPN) XXII and International Quality & Productivity Convention (IQPC) 2018 held in Batam. The event was attended by more than 2000 participants from various leading company in Indonesia and several countries in Asia
Having the opportunity to talk in the management forum, Mr. Hamim Thohari, General Manager of Polymer Production shares about ''Best Practice & Success Story of Chandra Asri in Implementing Project Improvement Program and TPM”. In addition to that Chandra Asri and SMI’s Small Group Activity (SGA) managed to bring home 1 Platinum award and 3 Gold awards.
On 29 November 2018, a joint venture between PT Chandra Asri Petrochemical Tbk and Michelin, PT Synthetic Rubber Indonesia (SRI) inaugurated its factory located in Cilegon, West Java. The factory 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.