PT Chandra Asri Petrochemical Tbk signed a term loan facility agreement worth US $ 70 million from PermataBank. The credit agreement was signed by Lambas Marasi Tua LG Division Head of Corporate Banking PermataBank and two Directors from Chandra Asri, Andre Khor and Suryandi, witnessed by Darwin Wibowo, Wholesale Banking Director PermataBank.
The agreement is Chandra Asri’s commitment to provide support for Indonesia's economic growth through financing the domestic industry. During this challenging COVID-19 pandemic, Chandra Asri as one of the major players in the industry in Indonesia is fully committed to continue to be the main pillar of the growth of the downstream petrochemical industry.
As a growth partner, PT Chandra Asri Petrochemical Tbk continues its commitment to supporting the communities during the COVID-19 pandemic. On 11 May 2020, Chandra Asri together with Ikatan Pemulung Indonesia (IPI) donated thousands of food packages to the scavengers in the Jakarta metropolitan area. The donations were distributed to scavengers in the Rawasari area of Central Jakarta, Rawamangun area of East Jakarta, Pinang Ranti, and Rawa Badung Cakung. This support was given to help scavengers directly affected income reduction during the pandemic.
Scavengers are an informal sector that is important in the plastics recycling chain. Therefore, Chandra Asri always supports IPI to continuously increase the level of plastic recycling and reduce unmanaged plastic waste.
On 4 May 2020, PT Chandra Asri Petrochemical Tbk distributed rice packages to 1100 families in several villages in the Anyer district and Task Force of COVID-19 in Gunung Sugih, Ciwandan sub-district. As an effort to empower local farmers, Chandra Asri donated Jaseng rice, which is a harvest from local farmers in Serang.
In addition to donations in the form of rice packages, Chandra Asri also distributed masks to the community as a preventive measure to slow the rate of transmission of COVID--19 in Cilegon and Serang. Hopefully this assistance can ease the burden on communities whose economic conditions are affected by this pandemic situation.
As a growth partner, PT Chandra Asri Petrochemical Tbk committed to supporting the communities around the company in dealing with the COVID-19 pandemic in the holy month of Ramadan. On 24 April 2020, Chandra Asri together with Barito Pacific Group, Star Energy, and Yayasan Bakti Barito donated thousands of food packages to the community around Wisma Barito Pacific, Jakarta. This support was intended to help the community around the office area, especially at Slipi. This food package donation can fulfill the community’s basic needs for three to four weeks.
Chandra Asri in collaboration with Mpoin donated 135 water tanks to Central Java in mid-April. This collaboration was created because of the important role of plastic water tanks that are durable, sturdy, and can protect from germs, bacteria, also viruses.
This water tank made from Chandra Asri's Polyethylene raw material and processed into a water tank by Mpoin. It will be used as a handwashing facility in schools by the city and district governments in Central Java. This is to maintain the hygiene of the students in order to remain hygienic so as to avoid transmission of COVID-19. Because it contains antimicrobial ingredients, this water tank can protect water quality from bacteria or germs.
This collaboration is a support from two companies to assist local governments in combating the COVID-19 pandemic.
Amid a pandemic of COVID-19 in Indonesia, PT Chandra Asri Petrochemical Tbk is committed to supporting hospitals in the supply of medical equipment. Chandra Asri in collaboration with Sulfindo Adiusaha distributed thousands of medical equipment such as rapid test equipment, protective clothing, masks and gloves to several hospitals in Banten and Jakarta. The distribution of medical equipment began on 9 April 2020, and gradually.
This medical equipment support was handed over to seven hospitals in Banten, namely Krakatau Medika Hospital Cilegon, Banten Provincial Hospital, Serang District Hospital, Cilegon City Hospital, Tangerang City Hospital, Tangerang Provincial Hospital, and Balaraja Hospital. Medical equipment was also distributed to Cipto Mangunkusumo Hospital, Jakarta.
The distribution of medical equipment in Cilegon, Serang, Tangerang, and Jakarta is a support for the handling of COVID-19 with the total amount of Rp40 billion from Prajogo Pangestu, as the Founder of Chandra Asri and Barito Pacific Group.
As a part of support in increasing literacy starting at an early age, Chandra Asri through the Literacy Corner Program donated books and bookshelves to seven schools located in the area around the company's operations, consisting of 4 PAUD and 3 Elementary Schools. Three PAUD are partner schools which previously received class rebuilding assistance along with school facilities. A total of 499 books were donated for this program and 43 of them were the result of employee donations in the Year End Giving 2019 program last December.
On 12 February 2020, Chandra Asri through its subsidiary, PT Styrindo Mono Indonesia, in collaboration with the Happy Hearts Indonesia Foundation, inaugurated PAUD Al-Hikmah building.
Located in Margasari Village, Puloampel District, Serang Regency, PAUD Al-Hikmah is one of many inadequate PAUD in Serang. After going through the rebuilding process for approximately four months, now PAUD Al-Hikmah has stood firm with a decent and comfortable building for teaching and learning activities.
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).