In 25 July 2019, PT Chandra Asri Petrochemical Tbk (CAP) represented by Bapak Suryandi, the company’s Director, received 3rd place award of Indonesia Best Public Companies by SWA Magazine. This award main indicator was Wealth Added Index (WAI), that is a benchmark towards issuers with ability to return share price gains and dividends, more than its cost of equity, to its investors.
Every year, SWA Magazine releases 100 Best Wealth Creator companies in Indonesia (SWA 100). This year’s award that CAP received indicates improvement by five ranks, from ranking 8 received in 2018. CAP is also the only non-bank companies that ranked Top 5 in SWA 100, year 2019.
On 24 Juli 2019, Mubadala, OMV, Chandra Asri Petrochemical have signed a Memorandum of Understanding to explore opportunities for collaboration in the petrochemical sector in Indonesia. The Memorandum of Understanding documents the intention to explore potential opportunities for collaboration in the area of petrochemicals in Indonesia. The companies will set up working groups to jointly define a schedule for the evaluation of the opportunities.
The signing of the agreement was witnessed by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and His Excellency Joko Widodo, President of the Republic of Indonesia. The agreement was signed by Mr. Musabbeh Al Kaabi, CEO of Petroleum & Petrochemicals Mubadala Investment Company, Dr. Rainer Seele, CEO of OMV and Erwin Ciputra, President Director of PT Chandra Asri Petrochemical Tbk and PT Chandra Asri Perkasa.
This collaboration is one proof of the company's commitment to serving Indonesia’s promising market potential, and supporting the country’s demands for growth, economic prosperity and industrialization.
On 17-19 July 2019, PT Chandra Asri Petrochemical Tbk participated in annual exhibition Indo Water 2019 which held in Jakarta Convention Center. One of CAP’s highlight product in the event is Asrene SP4808. This High Density Polyethylene (HDPE) plastic pellet is the key material to high pressured drinking water pipe whose the supply is still dominated by imports. Through this product champion, CAP is ready to compete for domestic demand. With the capacity addition from new Polyethylene plant for 400 KTA that will operate in Q4 2019, CAP optimist to be able to support government in meeting the needs of value-added and high durable products for national infrastructure development project, especially for drinking water pipe raw material.
For Asrene SP4808 Fact Sheet Product download here
On 27 May 27 2019, PT Chandra Asri Petrochemical Tbk officially granted a land in Anyer for Research and Development Ministry of Industry (Ministry of Industry) for the construction of the Petrochemical Polytechnic. The manuscript for collaborating was signed by Mr. Suhat Miyarso, VP of Corporate Relations CAP who attended with Mr. Abraham Sinatrawan, Department Manager of CSR CAP and Mr. Haris Munandar as Secretary General of the Ministry of Industry. The two-hectare grant land which is approximately 3-4 kilometers from the location of the CAP plant will be used for the construction of the Polytechnic with a special study program in the field of petrochemical. When it’s done, CAP also helps organize the curriculum, provides work facilities and internships, assigns the best employees to become lecturers and will prioritize the development of polytechnics to be able to work in CAP.
CAP received Energy Management Insight Award in the event of Energy Management Leadership Awards held by Clean Energy Ministerial, an international organization that promote policies and share best practices to accelerate transition to clean energy. CAP is appointed by Indonesian’s Ministry of Energy and Mineral Resources (ESDM) to be one of three organizations to represent the country in this international and prestigious event. Energy Management Insight Award received by CAP, is a result of good energy management program implementation that is in accordance with the obtained ISO 50001 certificate. The panel for this award consist energy experts from various industries and G20 countries.
On 13 May 2019, PT Chandra Asri Petrochemical Tbk held Annual General Meeting of Shareholders (AGMS), for the financial year of 2018 in Wisma Barito Pacific, Jakarta. Led by Mr. Djoko Suyanto as President Commissioner, the meeting was attended by the board of commissioner and directors of Chandra Asri. On this occasion, the shareholders approved to all the subjects discussed, one of them was the use of net profit in 2018 as cash dividends with a total value of US$54,500,000. This number will be taking into account with an interim dividend of US$28,801,917 paid on 24 October 2018. Thus, the remaining amount of cash dividend to be paid is US$25,698,083 or equal with US$0.00144.
The meeting also approved changes in company's structure which will start effective from 1 July 2019 until the closing of the Company's Annual General Meeting of Shareholders to be held in 2021, as well as several amendments to the Articles of Association, one of them, was the change in the company's status from foreign investment become domestic investment.
After being implemented for four months, the first phase of Nutrition Checkpoint Program by PT Chandra Asri Petrochemical Tbk was completed in April 2019. This program focuses on overcoming the problem of malnutrition in children which if left unchecked can cause health problems as the child grows. Cooperating with the Cilegon Public Health Office and the Regional Technical Implementation Unit (UTPD) in Citangkil and Ciwandan District Health Centers, Cilegon. Chandra Asri targets 20 children in this health quality improvement program.
During the program, infants and toddlers with malnutrition status received intensive assistance from the UPTD Health Centers. Although this first phase has been completed, Chandra Asri will continue to monitoring and evaluation periodically for the participant children to ensure ideal nutritional development. In the future, this program will be replicated to other health centers in Cilegon, according to directions and recommendations from the Health Office.
As one of the facilities to support employee sports activities, PT Chandra Asri Petrochemical Tbk built a Sport Hall in Dormitory PCI, Cilegon which was inaugurated on 27 April 2019. The event began with healthy gymnastics and door prizes as entertainment. Then the inauguration ceremony was marked by the signing of the inscription and ribbon cutting by Mr. Kulachet Dharachandra, Operations VP Director. The event continued with the Sport Exhibition, a futsal, badminton and table tennis friendly match with the aim of strengthening the togetherness of all employees. Hopefully the employees and family of Chandra Asri can use and maintain this facility as well as possible.
22 March 2019, PT Chandra Asri Petrochemical Tbk received Nation Builder and Early Disaster Responder awards in Donor Appreciation Night held by Habitat for Humanity Indonesia.
These awards are a token of appreciation towards Chandra Asri’s active approach in supporting disaster response programs and post disaster recovery programs for survivors impacted from earthquake and liquefaction in Palu, Central Sulawesi and Tsunami Sunda Strait.
The Early Disaster Responder award was given to the company for being responsive in supporting the needs of shelter for natural disasters victims. The Nation Builder award was given to the company for its donation towards house development for people in needs in Indonesia.
Through these supports, Chandra Asri aimed to lift-up the burden of natural disasters victims in rebuilding their lives for the future.
In 21 March 2019, Monomer Plant team of PT Chandra Asri Petrochemical Tbk attend awarding ceremony of Total Productive Maintenance (TPM) Award 2018 in Kyoto, Japan for the achievement of TPM Excellence Award Category A. The award was being handed over by Mr. Akira Ichikawa and Mr. Kimio Ishikawa as Monomer Plant’s assessors in 2018 to Mr. Rakphon Sooksiri, Chandra Asri’s Monomer Chairman accompanied by Pillar Leaders from Planned Maintenance (PM) Pillar, Initial Phase Management (IPM) Pillar, Administrative & Office (AO) Pillar and TPM Promoter.
TPM Award is being run by Japan Institute for Plant Maintenance (JIPM) and awarded to manufacturing companies who succeed in implementing TPM principles. TPM itself is a maintenance method and technique aimed to reduce work risks and increase production efficiencies.
The attainment of TPM Excellence Award Category A on Monomer Plant, completes the line of Chandra Asri’s plants that receive the same award (SMI Plant and Polymer Plant have passed the assessment for TPM Excellence award in 2016 and 2017). Chandra Asri, is committed to maintain this achievement and will continuously improve and strive for more.