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11 - 06- 2021

11 - 06- 2021

Chandra Asri and Bank Mandiri Sign Credit Facility of IDR5 Trillion-equivalent

Chandra Asri and Bank Mandiri Sign Credit Facility of IDR5 Trillion-equivalent
11-06-21

Chandra Asri and Bank Mandiri Sign Credit Facility of IDR5 Trillion-equivalent

In strengthening the national petrochemical industry, on 11 June 2021, PT Chandra Asri Petrochemical Tbk partnered with PT Bank Mandiri (Persero) Tbk (Bank Mandiri), to sign a new term loan and account receivables financing facility agreement with a total equivalent value of IDR5 trillion. This financing will be used to finance the company's daily operations and support Chandra Asri's working capital requirements.

This partnership with Bank Mandiri demonstrates public confidence in Chandra Asri's solid financial profile. Certainly, innovation and collaboration will continue to be carried out with the best partners to provide superior performance for Indonesia.

08 - 06- 2021

08 - 06- 2021

Community Awareness Activity for Mangunreja Village Community

Community Awareness Activity for Mangunreja Village Community
08-06-21

Community Awareness Activity for Mangunreja Village Community

By still complying with health protocols, on 8 June 2021, PT Chandra Asri Petrochemical Tbk carried out a Community Awareness activity under the theme of "Building Public Awareness on the Importance of Industrial Gas Pipelines Safety and Security, Disaster Emergency Response Management and Utilization of Non-B3 Waste". Located in Mangunreja Village, this activity is carried out regularly every year to build public awareness of the importance of safety and security for industrial gas pipelines, disaster emergency response management, and the use of Non-B3 waste.

With this Community Awareness activity, the community is expected to be able to be more careful and understand the regulations around gas pipelines and be alert if there are calls for evacuation related to potential disasters. In addition, it is hoped that the community can participate in the management of household waste, both B3 and Non-B3.

18 - 05- 2021

18 - 05- 2021

Chandra Asri Conducts the Gotong Royong COVID-19 Vaccination Program for Employees

Chandra Asri Conducts the Gotong Royong COVID-19 Vaccination Program for Employees
18-05-21

Chandra Asri Conducts the Gotong Royong COVID-19 Vaccination Program for Employees

Witnessed virtually by the President of the Republic of Indonesia Joko Widodo, PT Chandra Asri Petrochemical Tbk became one of 19 companies that started implementing the Gotong Royong COVID-19 Vaccination Program for employees on 18 May 2021. This vaccination is a form of Chandra Asri's support in the success of the national vaccination program to accelerate economic recovery.

In the first phase, vaccinations are for 1,000 Chandra Asri employees out of a total of 4,400 employees and family members. The vaccination activity is planned to be held in stages from May to June 2021 depending on vaccine availability.

06 - 05- 2021

06 - 05- 2021

Chandra Asri Successfully Launches The First 1 Trillion Rupiah Bond Offering in 2021

Chandra Asri Successfully Launches The First 1 Trillion Rupiah Bond Offering in 2021
06-05-21

Chandra Asri Successfully Launches The First 1 Trillion Rupiah Bond Offering in 2021

On 6 May 2021, PT Chandra Asri Petrochemical Tbk completed the issuance of a 1 Trillion Rupiah Bond. This was the first issuance in 2021 that is oversubscribed due to a strong participation interest across retail, banking, and institutional investors. This aligned with Chandra Asri’s resilience in navigating the COVID-19 pandemic smoothly, to deliver solid financial results and maintain its robust balance sheet. The Company reported the full year 2020 net profit after tax of US$51.5 million and US$85 million in Q1 2021.

The issuance was again rated idAA- from Pefindo, the oldest and the most trusted credit rating agency in Indonesia. Pefindo has assessed that Chandra Asri’s capacity to meet its long-term financial commitments on a debt security, relative to other Indonesian obligors, is very strong. The issuance will be used to fund Chandra Asri’s working capital as the Company prepares for sustained growth to meet the requirements of the domestic Indonesian market.

05 - 05- 2021

05 - 05- 2021

Distribution of Food Packages for Communities Affected by COVID-19

Distribution of Food Packages for Communities Affected by COVID-19
05-05-21

Distribution of Food Packages for Communities Affected by COVID-19

To boost economic recovery for local communities affected by the COVID-19, PT Chandra Asri Petrochemical Tbk distributed 2,000 food packages containing a total of 5,000 kg of rice produced by local farmers in the Serang Regency.

These basic food packages are distributed in stages on 5-11 May 2021 to the DKI Jakarta Integrated Waste Management Unit, Jakarta Recycle Center officers, the Indonesian Scavenger Association, the Sehati Maju Bersama Self-Help Group, communities around Cilegon City, as well as orphans through several mosques and orphanage foundations in Jakarta and Bogor.

19 - 04- 2021

19 - 04- 2021

The Partnership of Chandra Asri and Hana Bank to Close Market-Leading Sustainability-Linked Green Loan

The Partnership of Chandra Asri and Hana Bank to Close Market-Leading Sustainability-Linked Green Loan
19-04-21

The Partnership of Chandra Asri and Hana Bank to Close Market-Leading Sustainability-Linked Green Loan

On 19 April 2021, PT Chandra Asri Petrochemical Tbk partnered with PT Bank KEB Hana Indonesia (Hana Bank) to facilitate a US$13 million Green Loan, specifically for the sustainability project that Chandra Asri had completed in its plant in Cilegon, Banten. This innovative and unsecured financing will be used to finance the Company's capital expenditures and other costs related to the completion of sustainability projects that have been carried out.

The two finalized projects that have qualified for the facility are the construction of the Enclosed Ground Flare (EGF) and the roll-out of Electrical Forklifts (E-Forklifts) by Chandra Asri. EGF is capable of burning 220 tons of hydrocarbons per hour completely using a closed combustion method. By replacing the conventional flare, Chandra Asri will be able to reduce noise levels by up to 30% and eliminate heat and light emissions, without any smoke discharge.

The second completed green project was to replace conventional combustion forklifts with electrical forklifts. It has zero emissions and on an annualized basis will reduce 69,455 kg of LPG, save 165,360 liters of diesel, cut 446,472 metric kilograms of carbon dioxide, and fully eliminate nitrogen oxide exhaust.

15 - 04- 2021

15 - 04- 2021

Annual General Meeting of Shareholders (AGMS) 2021

Annual General Meeting of Shareholders (AGMS) 2021
15-04-21

Annual General Meeting of Shareholders (AGMS) 2021

By implementing strict health protocols, PT Chandra Asri Petrochemical Tbk held an Annual General Meeting of Shareholders (AGMS) for the 2020 Financial Year. Located at Wisma Barito Pacific, Jakarta, the meeting on 15 April 2021 was chaired by Mr. Djoko Suyanto, as President Commissioner and attended by the Board of Commissioners and Directors Chandra Asri in person and virtually.

On this occasion, shareholders approved all the agenda items discussed, including the distribution of cash dividends for the 2020 financial year amounting to 75% of the 2020 net profit of US$51.5 million. The dividend consists of 40% of net income by the company's dividend policy and 35% of the net profit which is a special dividend as a token of the company's appreciation for the support of shareholders during the challenging year 2020.

Although 2020 was a year full of challenges due to the COVID-19 pandemic which affected the Company's overall financial performance, Chandra Asri managed to record a good performance. This is marked by several major achievements in 2020, including the operation of the two units of the first MTBE and Butene-1 plants in Indonesia to increase exports and import substitution. The company also reported sales volume growth from 1.9 million tonnes in 2019 to 2.2 million tonnes in 2020.

07 - 04- 2021

07 - 04- 2021

Chandra Asri Inaugurates PAUD Cahaya Bintang in Serang Regency

Chandra Asri Inaugurates PAUD Cahaya Bintang in Serang Regency
07-04-21

Chandra Asri Inaugurates PAUD Cahaya Bintang in Serang Regency

On 7 April 2021, PT Chandra Asri Petrochemical Tbk in collaboration with the Happy Hearts Indonesia Foundation (HHI), inaugurated the construction of a PAUD building that were previously unsuitable for teaching and learning activities in the Serang Regency area. Located in Kamurang Pal Village, Grogol Indah Village, Anyar District, Serang Regency, PAUD Cahaya Bintang has stood firm after going through a rebuilding process for approximately four months. The inauguration was also attended by representatives of the Serang Regency Education Office, HIMPAUDI Anyar District and government officials at the Anyar District and Grogol Indah Village.

Along with the inauguration activity, Chandra Asri also donated books to the PAUD Cahaya Bintang, in line with the Literacy Corner program, which aims to open access to reading for school-age children. The school building of the PAUD Cahaya Bintang, which has now been established, is equipped with supporting facilities and playing facilities for students, as well as proper sanitation facilities, which are expected to be the initial capital for teachers and students to gain knowledge.

12 - 03- 2021

12 - 03- 2021

Distribution of Food Packages for Mangunreja Community

Distribution of Food Packages for Mangunreja Community
12-03-21

Distribution of Food Packages for Mangunreja Community

PT Chandra Asri Petrochemical Tbk contributed to handling COVID-19 for the community around the Company's operational area in Mangunreja Village by distributing food packages. Symbolically, the 500 food packages were handed over by Chandra Asri's management representative to the Head of Mangunreja Village. The distribution of this food assistance has been carried out on 12 March 2021 while adhering to health protocols, which are maintaining a safe distance, wearing masks, and washing hands.

Each food package which includes 2.5 kg of rice, 1 kg of sugar, 1 kg of wheat flour, 2 liters of cooking oil and 5 pieces of instant noodles has been distributed to 500 families in Pengoreng, Cibaga, and Mangunreja Village.

10 - 03- 2021

10 - 03- 2021

Inauguration of Curug Bandung Bridge in Lebak District

Inauguration of Curug Bandung Bridge in Lebak District
10-03-21

Inauguration of Curug Bandung Bridge in Lebak District

As its continuous commitment to be a growth partner for the Banten Province community, PT Chandra Asri Petrochemical Tbk with Village Volunteer Foundation (Yayasan Relawan Kampung) and Lebak Regency Government inaugurated an iron girder suspension bridge in Curug Bandung Village, Sukamulya, Cibeber, Lebak on 10 March 2021. After approximately three months of construction, the 60m x 1.6m long bridge is ready to be accessed by the surrounding community.

The bridge adopted a new design from the Ministry of Public Works and Housing (PUPR) with a single pole. It was launched under the name JUDESA (Bridges for Villages). This method is very effective because of the specific and mountainous contours of the land, such as in Curug Bandung Village.

The Curug Bandung bridge is the fourth bridge that has been built by the Company, in the Banten Province area, and the second bridge in Lebak Regency. The inauguration of this bridge is hoped to increase access to community mobility in education, health, economics, and social society.