Chandra Asri Group have successfully completed its first Rupiah Bond issuance and was noted to be oversubscribed. In this phase, the company offered Rupiah-denominated coupons of 7.95% for the 3-year series A of IDR542.38 billion, 8.25% for the 5-year series B of IDR416.80 billion, and 8.75% for the 7-year series C of IDR540.82 billion. This transaction marks Chandra Asri Group continuous success in tapping the domestic fixed income market, as part of the Company’s Shelf Program IV approved by the Financial Services Authority (OJK), with an aggregate IDR8 trillion funding capacity between 2022 and 2024.
To date, Chandra Asri Group had successfully executed four tranches of its 4th Shelf Program. Phase I in 2022 was closed with a value of IDR2 trillion, followed by Phase II in 2023 of IDR1.25 trillion, Phase III in 2023 of IDR1 trillion, and the latest Phase IV issuance in 2024 of IDR1.5 trillion.
Chandra Asri Group has achieved recognition with a B Score in climate change disclosure by the Carbon Disclosure Project (CDP). CDP is an international non-profit organization that facilitates the disclosure of corporate environmental impact information. CDP has the most extensive environmental database in the world and is considered the gold standard in environmental reporting. CDP ratings are widely used to guide investment choices and procurement towards an economy that embraces carbon-neutral principles, sustainability, and resilience.
Recognition related to the implementation of ESG principles confirms the Company's commitment to managing environmental impacts, responding to climate change issues with proactive measures, and efforts to achieve sustainability. This achievement has also positioned Chandra Asri Group at the forefront of CDP in Indonesia and on par with globally recognized chemical companies.
Chandra Asri Group proudly announces the achievement of the target of 100 km of plastic asphalt roads, which was pursued together with various stakeholders such as the government, private sector, and associations. This significant milestone was celebrated in Garut Regency, where Chandra Asri Group collaborated with Bakti Barito Foundation and Garut Regency Government, contributing to the construction of 50.2 km out of the total 100 km of plastic asphalt roads. The 50.2 km plastic asphalt road was constructed from 2022 to 2023 and successfully managed to handle 431.5 tons of plastic waste from the Landfill (TPA).
By the end of 2023, Chandra Asri Group, along with its partners, had laid 120.8 km of roads with a mixture of plastic waste, surpassing the initial target of 100 km. The total accumulation of these roads created new functions and added economic value for 1,086 tons of plastic bag waste. Furthermore, each kilometer of plastic asphalt road absorbs approximately 1.6 tons of plastic bag waste and provides a reward of increasing road durability by up to 40%.
Chandra Asri Group supports the activities of the Jakarta Waste Management Synergy Forum in commemorating the National Waste Care Day (HPSN) 2024 organized by the DKI Jakarta Environmental Agency (DLH). This forum serves as a platform for strengthening DLH DKI Jakarta's programs and inviting strategic partners to support comprehensive and integrated waste management. On this occasion, Edi Riva'i, as the Legal, External Affairs, and Circular Economy Director of Chandra Asri Group, shared the collaboration experience between the company and DLH DKI Jakarta in the Jakarta Recycle Center (JRC) program.
From October 2020 to October 2022, the JRC program located in Pesanggarahan, South Jakarta, provided education on sorting 8 types of household waste to 6,800 participants or 1,700 households. Chandra Asri Group's contributions to the JRC program include 65,000 pieces of 3-color sorting waste bags, 220 pieces of waste sorting schedule education posters, and 1 organic waste shredding machine.
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Chandra Asri Group, in collaboration with Kitaoneus.asia, a disability advocacy organization, conducted outreach for 50 deaf online drivers to directly understand the concept of circular economy while facilitating them to obtain Free Driver's Licenses (SIM). This program also commemorates National Waste Care Day 2024, which falls on February 21, 2024, with the theme "Addressing Plastic Waste Productively."
In this program, all deaf online drivers participating in obtaining free SIMs are encouraged to bring plastic waste collected from their homes. The collected plastic waste, exchanged for SIMs, will be further managed at the Integrated Waste Management Industry Overcome Waste - Self-Managed (IPST ASARI) under the guidance of Chandra Asri Group located in Kelurahan Kota Bumi, Purwakarta District, Cilegon City. IPST ASARI processes low-value plastic waste into pyrolysis oil called PLUSRI, which is utilized by fishermen and home businesses along the coast of Pangaradan Beach, Anyar Village, Serang District, Banten.
Chandra Asri Group meraih penghargaan National Lighthouse Industry 4.0 dari Kementerian Perindustrian Republik Indonesia. Penghargaan ini menegaskan posisi Perseroan sebagai role model dalam transformasi digital bagi pelaku industri di sektor serupa. Penghargaan National Lighthouse Industry 4.0 secara resmi diserahkan oleh Menteri Perindustrian, Agus Gumiwang Kartasasmita, pada Rabu, 21 Februari 2024.
Rekognisi National Lighthouse Industry 4.0 yang diterima oleh Chandra Asri Group turut mendukung tujuan "Peta Jalan Making Indonesia 4.0," sebuah inisiatif pemerintah yang bertujuan untuk mempersiapkan Indonesia menghadapi era Industri 4.0. Sementara di Chandra Asri Group, proses transformasi digital terbagi menjadi dua fase. Fase pertama, yang berlangsung dari 2019 hingga 2023, difokuskan pada penerapan teknologi digital dalam proses bisnis dan operasi manufaktur. Sedangkan fase kedua, yang dimulai pada 2024 hingga 2026, akan memfokuskan pada pemodernan infrastruktur Enterprise Resource Planning (ERP) serta memanfaatkan Automation, Big Data Analytics, dan praktik terbaik dari industri lainnya untuk meningkatkan daya saing dan kualitas data
Chandra Asri Group supports the activity of the Heaviest Plastic Bag Waste Collection Competition for elementary, junior high, and senior high school students, as well as the community and waste banks organized by the Cilegon City Environmental Agency, Banten, to commemorate National Waste Care Day on Wednesday, February 21, 2024. A total of 1.7 tons of waste, the target of which will be collected, will be managed by Chandra Asri Group to become a mixture of Plastic Asphalt and Plas Premium for the community.
The plastic bag waste collected by Chandra Asri Group will be used as raw material for a mixture of plastic asphalt to be deployed by the Cilegon City Government on TPSA Bagendung Street. Then, the remainder will be processed using pyrolysis technology at the waste management facility, namely the Industri Pengelolaan Sampah Terpadu-Atasi Sampah, Kelola Mandiri (IPST ASARI).
Chandra Asri Group supports the national target of renewable energy mix (EBT) through collaboration in providing infrastructure raw materials for the Geothermal Power Plant (PLTP) project. The company provides Asrene®SP4808 material with special formulations that can be produced into High-Density Polyethylene (HDPE) pipes with PE 100 class for geothermal field facilities. Asrene®SP4808 is also a local resin that has been certified with Indonesian National Standards (SNI) and the highest Domestic Content Level (TKDN) in Indonesia.
The PLTP project serves as one of the pillars in achieving the EBT mix target as outlined in the National Energy General Plan (RUEN) of 23% by 2025 and 31% by 2050. The use of HDPE pipes with Asrene®SP4808 specially formulated raw materials has proven to be a reliable option for geothermal facilities due to their reliability and minimal maintenance requirements once operational. The use of HDPE pipes with this formulation has also been previously implemented in the Hamiding Geothermal Field, North Maluku, and the Wayang Windu Geothermal Field, Pangalengan, West Java.
Chandra Asri Group, a leading chemical and infrastructure solutions company in Indonesia, participated in Indonesia Incorporated Day 2024, organized by the Indonesian Ministry of Foreign Affairs on Saturday, January 27, 2024. The company was chosen as one of the private sector representatives and had the opportunity to share its "Go Global" strategy, which was collaborated with state-owned enterprises, to create value for businesses and all stakeholders, including the country and the Indonesian diaspora abroad.
The company is currently committed to completing its organic growth strategy in the chemical sector by establishing a world-scale Chlor Alkali and Ethylene Dichloride Plant (CA-EDC Plant), alongside related core infrastructure investments. The development of the CA-EDC Plant targets the Public-Private Partnership (PPP) concept to meet local and regional needs in Indonesia and the Southeast Asian region. This investment will reduce Indonesia's imports and expand its exports to support the purification of nickel and alumina, which form the basis of battery production for the electric vehicle industry, a core part of the solution for the global energy transition.
Collaborating with Happy Hearts Indonesia (HHI) since 2017, Chandra Asri Group has formed a partnership to improve the facilities and infrastructure of Early Childhood Education (PAUD) schools in Ciwandan, Anyar, and Pulo Ampel. This program aims to enhance the quality of early childhood education as a manifestation of concern for the Golden Age, which significantly influences a child's growth and development. Six PAUD schools have undergone renovations through this program: PAUD Barokah I, PAUD Widuri, PAUD Al-Hikmah, PAUD Cahaya Bintang, PAUD Nusantara, and PAUD Tunas Bangsa.
Over the course of five years, in addition to improving school infrastructure, the collaboration between Chandra Asri Group and HHI has also implemented the Maintenance Rating System (MRS) to ensure the sustainable development of PAUDs. This 5-year development initiative has provided early childhood education benefits to 1,063 students and created job opportunities for 25 teachers, all of whom have undergone skills development programs. The training provided to teachers and students includes topics such as Clean Water and Sanitation Access (WASH) and Risk Reduction.
