Chandra Asri partnered with Ruangguru Foundation to hold a women's competency improvement and empowerment program, PUAN ANGKASA (Women in a Synergistic and Empowered Community). This series of events that will run for three months is intended to provide assistance in work preparation and deepen participants' understanding of women's empowerment issues. A total of 50 participants consisting of female students and recent graduates from various universities in Indonesia will undergo a series of competency improvement programs and receive holistic assistance to help them prepare for their future careers.
PUAN ANGKASA consists of several events, including the Inspiration Class, which discusses women's empowerment issues, and the Career Preparation for Development of the Youth (READY) Program, which is intended to improve soft skills through mentoring and free learning access via Skill Academy platform.
Through its collaboration with Ruangguru, Chandra Asri seeks to become the growth partner and be part of women's journey in exploring and maximizing their potential. This is in line with Chandra Asri's commitment to encouraging inclusion & diversity in Indonesia, specifically related to women's empowerment.
Considered responsive in maintaining performance and navigating the company amidst the pandemic, Chandra Asri won two trophies at the Bisnis Indonesia Award 2022 held on Monday, August 15, 2022. With the theme “Awakening in the Year of Change” as its awarding theme, Chandra Asri won The Best Company in Raw Material Sector and the Best CEO of The Year category on behalf of President Director Chandra Asri Erwin Ciputra.
The achievement as The Best Company in Raw Material Sector that Chandra Asri received was the result of the Company's success in posting a 13 percent increase in net revenues to US$677.7 million from US$598.4 million in the first quarter of 2022. Meanwhile, the Best CEO of the Year, which was achieved by the President Director of Chandra Asri, Erwin Ciputra, was assessed based on good business development, implementation of good corporate governance (GCG), and disclosure of company information.
Chandra Asri held the third Community Awareness activity in 2022 with the residents of Panggung rawi Village, Cilegon, Banten, on Thursday, August 11, 2022. As an effort to increase awareness of the risks from gas pipelines, this Community Awareness activity involved 51 participants consisting of village representatives, the Cilegon Police Chief, Neighborhoods Association (RT and RW) representatives, youth around the area, and community leaders. This time, the theme for Community Awareness is “Building Public Awareness and Participation Towards Presence and Safety of Industrial Gas Pipelines for the Community.”
On the same occasion, the representative of the Regional Disaster Management Agency (BPBD) of Cilegon City, Mr. Fathurrohman, brought a topic related to Disaster Preparedness. Furthermore, the residents also received education regarding the Risks and Hazard Mitigation of Gas Pipelines, which was delivered directly by the representative of the Safety, Health, and Environment (SHE) Chandra Asri, Mr. Sumartono. This socialization includes cautions regarding prohibited activities around the pipeline, such as planting perennials, burning garbage, making excavations, and constructing buildings.
By holding Community Awareness regularly, Chandra Asri hopes that the resident can always be vigilant to avoid unwanted accidents or disasters.
Strictly adhering to health protocols, Chandra Asri held an Extraordinary General Meeting of Shareholders (EGMS) on August 5, 2022. The EGMS, which took place at Wisma Barito Pacific, Jakarta, was attended by the Board of Commissioners and Directors of Chandra Asri both in person and virtually.
During the agenda, members agree on several decisions proposed by the Company. The first approval is regarding the stock split of Chandra Asri with a ratio of 1:4, so that the nominal value of Chandra Asri's shares which currently amount to Rp. 200, - will change to Rp. 50, - per share. This corporate action is expected to increase the liquidity of Chandra Asri's stock on the market and attract more retail investors.
In the second agenda, the meeting approved the appointment of Mr Prapote Stianpapong as a new member of Chandra Asri's Board of Directors, replacing Mr Somkoun Sriwattagaphong, starting from October 1, 2022, until the closing of the Chandra Asri Annual General Meeting of Shareholders in 2024. Chandra Asri greatly appreciates the dedication and contribution of Mr Somkoun Sriwattagaphong during his time as Production Director of Chandra Asri.
Committed to carbon emissions reduction and supporting the domestic electric vehicle industry, Chandra Asri purchased and will operate two (2) units of electric bus produced by Mobil Anak Bangsa (MAB). The use of electric buses as operational vehicles for employees is a form of the Company's commitment to implementing Environment, Social & Governance (ESG) in environmental aspects, particularly in terms of energy saving and carbon emissions reduction.
These two EV buses are calculated to cut diesel consumption by 13,776 liters per year, reduce emissions by up to 2,070 metric kg of carbon dioxide (CO2e), cut 25.1 metric kg of carbon monoxide (CO), and eliminate the output of B3 waste in the form of used oil. The MD 12-E NF City electric bus from MAB has a capacity of 51 seats and is planned to operate at Chandra Asri in January 2023. To prepare for the arrival of the EV us fleet, Chandra Asri is currently reviewing its plant in Cilegon to determine the location of the charging facility.
PT Pertamina Gas (Pertagas) and PT Chandra Asri Petrochemical Tbk (Chandra Asri) signed a Memorandum of Understanding (MoU) on the Potential and Analysis of Green Energy and Petrochemical Business Development as well as Increasing Domestic Component Level of Natural Gas Infrastructure.
Collaboration between Pertagas and Chandra Asri will support the program of 1 Million Gas Network Connections per year by supplying raw materials supply for gas pipelines. Both companies will also develop the use of natural gas and its derivatives owned by Pertagas to meet the production needs of the Chandra Asri Plant in Cilegon, Banten as well as analyzing utilization of Chandra Asri facilities for the development of the Liquefied Natural Gas (LNG) terminal infrastructure or Pertagas pipeline distribution network.
This cooperation is a manifestation of both parties’ commitment in supporting two Government programs at once, namely reducing dependence on imported products by encouraging the use of Domestic Component Level (TKDN) in Indonesia and the use of green energy to reduce carbon emissions by 29 percent by 2030.
Chandra Asri officially became the first recipient of Sustainability-Linked Trade facility in Indonesia from Bank UOB through a signing that happened on Monday, July 25, 2022. The US$100 million facility that Chandra Asri received is expected to increase the resilience of Chandra Asri's supply chain and fulfill the Company's commitment towards ESG priorities. Furthermore, it is hoped that this step will boost the Company's ability to meet the demand for the petrochemical industry in Indonesia.
Aligned with the United Nations Sustainable Development Goals (SDGs), UOB’s sustainable financing frameworks enable companies to apply for green or sustainability-linked banking products without having to develop their own financing frameworks. The Sustainability-Linked Trade program itself is also part of UOB’s Green and Sustainable Trade Finance and Working Capital Framework, which seeks to support clients’ long-term sustainability goals.
We recently learned that a fake agreement letter was circulating regarding the implementation of PT Chandra Asri Petrochemical Tbk (Chandra Asri) Employee Housing Development carried out by PT. Agung Sari Pratama.
We, on behalf of Chandra Asri, hereby convey that we have never appointed any party to work on Employee Housing Development and we have also never signed any agreement or commitment in this regard.
We urge the public to be careful and be aware of any efforts of fraud in the form of offers of investment or cooperation in house construction projects claiming on behalf of Chandra Asri.
We highly appreciated your cooperation for this matters so that no party is harmed by this false information. If you received this kind of suspicious information, please make sure to confirm it to Mr. Wawan Mulyana, our Community Relations Manager, email wawan.mulyana@capcx.com.
Sinar Mas Land has again collaborated with Chandra Asri for the application of plastic waste mixed asphalt. Marked by the signing of the Cooperation Agreement on Wednesday (13/07), Sinar Mas Land will apply 3.8 km or 56,138 m2 of plastic asphalt in the BSD City area. The signing was represented by FX Sidi Widagdo as proxy for the Board of Directors of PT Bumi Serpong Damai Tbk and Edi Rivai as The Director of Legal, External Affairs & Circular Economy Chandra Asri.
One of the elements that is also a part of Sinar Mas Land main concern is sustainable and environmentally sound development. One of the efforts has been carried out by Sinar Mas Land together with Chandra Asri who played an active role in encouraging the use of plastic waste mixed asphalt on a national scale. Chandra Asri's Director of Legal, External Affairs & Circular Economy, Edi Rivai, stated that Chandra Asri will continue to proactively encourage multi-stakeholder partnerships in the development of plastic asphalt as an effort to overcome waste problems, especially plastic waste, in Indonesia.
Bank OCBC NISP has partnered with PT Chandra Asri Petrochemical Tbk (Chandra Asri) to complete a US$100 million 10-year term loan facility. This loan facility is OCBC NISP's commitment in facilitating the growth of the Indonesian petrochemical industry business as well as maintaining Chandra Asri's position as the largest integrated petrochemical producer in Indonesia.
Chandra Asri is excited and open to partner for a long term with OCBC NISP which is a leading financial institution in providing comprehensive banking solutions for its customers. This strategic cooperation is a good start for both parties in reducing Indonesia's dependence on imports, develop the local petrochemical downstream industry, support the government's vision for Industry 4.0, and create a long term, high-value career.
