Polypropylene Impact Copolymer resins which produced by PT Chandra Asri Petrochemical meets the specifications defined by PT Toyota Motor Manufacturing Indonesia to be used as raw material for the manufacturing of car components for Toyota Vios and Yaris. This success is a major breakthrough for Indonesia petrochemical industry in entering the automotive component sector that apply international standards which have been supplied by other countries.
On 30 January 2016, PT Chandra Asri Petrochemical Tbk represented by Mr. Suhat Miyarso, VP Corporate Relations, and Mr. Abraham Sinatrawan, Head of CSR, together with the Regent of Lebak, Hj. Iti Ocatavia Jayabaya, inaugurated hanging bridge in Desa Sukajaya, District Sajira, Lebak, Banten Province. The bridge, which has abandoned for three years, was rebuilt by the Company in cooperation with the Yayasan Relawan Kampung Indonesia. Groundbreaking ceremony for the construction of the bridge was conducted in November 2016. Now, after three months of work, the bridge that connected two villages, Taganjing and Somang, is officially opened for the public and can be passed and used by the local community for the smooth running of daily mobility.
PT Chandra Asri Petrochemical Tbk through its subsidiary, PT Petrokimia Butadiene Indonesia (PBI), has awarded the engineering, procurement and construction (EPC) services contract to Toyo Engineering Korea Limited (Toyo-Korea) and PT Inti Karya Persada Tehnik (IKPT) for Butadiene expansion project. Project completion and plant start-up is expected to do in the third quarter of 2018. The expansion will increase its Butadiene production capacity up to 37%. Previously, PBI has also signed agreement with Lummus Technology Inc for the license and engineering design of BASF/Butadiene Extraction technology for expansion of Butadiene production at its integrated Naphtha Cracker complex in Cilegon, Banten.
On 20 December 2016, PT Chandra Asri Petrochemical Tbk and Subsidiaries, PT Styrindo Mono Indonesia (SMI), received respectively Level 4 and Level 5 Green Industry Award (Industri Hijau) from the Indonesian Ministry of Industry in Jakarta. This award was handed by the Minister of Industry, Mr. Airlangga Hartanto, to representative of the Company, Mr. Piboon Sirinantanakul (Director) and Mr. Ronald Sihombing (General Manager).
On 19 December 2016, PT Chandra Asri Petrochemical Tbk celebrates 10 million Man-Hours without LTA (Lost Time Accident) at the Company’s Plant Site in Cilegon. This best achievement in Safety since the past five years was made possible through the strong commitment on Safety from the Management, employees and contractors that conducted through strict strategies, systems and processes. All employees who attended the event signed a large banner and formed the number 20 as a shared commitment to continue working safely thus achieved 20 million man-hours without LTA.
On 19 December 2016, PT Chandra Asri Petrochemical Tbk received Best Contact Liaison Award from Bank Indonesia in Bank Indonesia Survey Respondents Gathering 2016 in Jakarta. This award was received by the Company for its contributions as one of the corporation that are committed to support the preparation of economic statistical data in order to boost economic growth in Indonesia that is projected at 5% -5.4% in 2017. The award was handed by the Deputy Governor of Bank Indonesia, Mr. Perry Warjiyo, to Mr. Suhat Miyarso as VP Corporate Relations of the Company.
On 1 December 2016, PT Chandra Asri Petrochemical Tbk received Metrological Prime Award 2016, an award from the Ministry of Trade for Company's achievements as a corporate that cares orderly measure of gauging, measuring, weighing instruments, and its equipment (UTTP). The award was presented by the Director General of Consumer Protection and Trade Order in Bandung. This appreciation is once again a proof that the Company continues to ensure that all products received by consumers guaranteed accuracy of size, weight, and volume.
On 2 December 2016, PT Chandra Asri Petrochemical Tbk and Subsidiaries, PT Petrokimia Butadiene Indonesia won a Gold Award in the Indonesia Quality Convention (IQC) 2016 which held in Bandung. This is the fourth time for the Company participating in this competition for quality improvement and innovation.
On 23 November 2016, PT Chandra Asri Petrochemical Tbk held Due Diligence Meeting & Public Expose for its plan of bonds issuance through the Public Offering of Chandra Asri Petrochemical I Bonds Year 2016. Act as Underwriter in this public offering are PT DBS Vickers Securities Indonesia, PT Mandiri Sekuritas and PT BCA Sekuritas. These Bonds received a rating of idA+ (single A plus) from PT Pemeringkat Efek Indonesia and issued in two series; Bonds Series A with tenor of three years and Bonds Series B with tenor of five years. With interesting bond coupon, the Company is targeting funds obtained as much as 500 billion rupiah.
On 21 November 2016, PT Chandra Asri Petrochemical Tbk held Scholarship Award for two types of scholarships; President Director Scholarship (PDS) in 2016 and Untirta full-tuition Scholarship 2015-2016. PDS is a bond-free scholarship program for employees' children in High School and University, while Untirta Scholarship is a full-tuition scholarship for selected yet outstanding Untirta Students. This year, CAP Scholarship Award conferred scholarships to 37 employees' children for PDS and 19 students for Untirta Shcolarship. Congratulations and good luck to the recipient of CAP Scholarship Award and wish you many more achievements to come!