Chandra Asri has received SNI 7593:2010 certification for the application of drinking water pipes for its resin, Asrene®SP4808 type High-Density Polyethylene (HDPE). With Asrene®SP4808 certification, Chandra Asri guarantees both the quality and feedstock supply in order to accelerate the development of drinking water supply systems. This is a form of support for the Government in realizing 30 percent access to drinking water in 2024 through the construction of drinking water supply infrastructure directly to homes via a pipeline system. The use of Asrene® SP4808 can also assist downstream industry partners in producing safe and standardized drinking water pipes in accordance with SNI 4829.1: 2015 requirements, the standard for HDPE pipes for drinking water pipe applications.
With its elastic characteristic, pipes from HDPE material can adapt to contours and land shifts, thereby minimizing the risk of leakage during an earthquake. Aside from that, Asrene®SP4808 is also an excellent material due to the best long-term strength in its class, with a PE 100 classification to produce pipes of high-quality standards. With this SNI certification, Chandra Asri also ensures that the health and safety aspects of the end user are protected because the resin has passed the heavy metal limit test.
On 12 January 2023, PT Chandra Asri Petrochemical Tbk held an Extraordinary General Meeting of Shareholders (EGMS) with a single agenda; Approval for Changes in the Composition of the Company's Management. The meeting 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. EGMS approved the appointment of Mr. Bandhit Thamprajamchit as Commissioner replacing Mr. Wirat Uanarumit and also the appointment of Mrs. Diana Arsiyanti as a member of the Board of Commissioners. Mr. Wirat Uanarumit and Mrs. Diana Arsiyanti officially served as members of the Company's Board of Commissioners as of the closing of the EGMS on that day until the closing of the Chandra Asri Annual General Meeting of Shareholders in 2024.
Chandra Asri has signed a Conditional Shares Sale and Purchase Agreement (CSPA) and Shareholders Agreement (SHA) for two subsidiaries owned by PT Krakatau Sarana Infrastruktur (“PT KSI”), namely PT Krakatau Daya Listrik (“PT KDL ”) and PT Krakatau Tirta Industri (“PT KTI”). The signing of the CSPA and SHA was carried out by the Main Director of PT KSI, Agus Nizar Vidiansyah and the President Director of Chandra Asri, Erwin Ciputra, witnessed by the Main Director of PTKS, Silmy Karim.
Chandra Asri is very excited to execute the “programmatic M&A” strategy to position the Company for profitable and sustainable business growth. In the CSPA, it was agreed that Chandra Asri will purchase 70% of PT KSI's shares in PT KDL and 49% of PT KSI's shares in PT KTI with a total value of IDR3.24 Trillion (or US$210 million). Chandra Asri hoped that the cooperation between Chandra Asri and PT KSI Group and PTKS could be better enhanced, and mutually support continuous industrial development in the future.
Closing the year of 2022, the two Chandra Asri plants in Ciwandan and Puloampel were awarded the Green PROPER Award from the Ministry of Environment and Forestry (KLHK) of the Republic of Indonesia on Thursday, 29 December 2022. These two Chandra Asri plats were considered to exceed environmental management requirements, as well as contribute to community development and biodiversity around the Company's operational area.
The achievement of Green PROPER in 2022 marked the second time for Chandra Asri to receive the highest appreciation in environmental management. This award is also a form of the Company's commitment to sustainable business practices by implementing green energy. In the future, Chandra Asri will be committed to maintaining its achievements in minimizing environmental impacts and continuing to make process improvements to realize a sustainable petrochemical business.
PT Chandra Asri Petrochemical Tbk won Gold Achievement in the 2022 OPEXCON Award organized by SHIFT Indonesia at Pullman Jakarta Central Park. In the 10th year of Chandra Asri's participation, the Company has managed to maintain its Gold Achievement title in the Manufacturing category for the third year running. This is an ocular proof of Chandra Asri's commitment to continue to innovate and implement continuous improvements to create a sustainable business. Apart from Gold Achievements, Chandra Asri also received a Bronze Achievements for other project.
OPEXCON is a competition initiated by SHIFT Indonesia to invite companies in Indonesia to pay more attention to the importance of innovation and improvement for the future of business. Winners are judged based on project selection, project methodology, problem analysis, solutions, and presentation skills. Of the 100 participants, Chandra Asri was chosen as one of the 10 finalists who were entitled to be awarded the Gold Achievement.
To commemorate National Tree Planting Day, which falls every November 28, one hundred Chandra Asri volunteers planted trees in Kehati Village 165 Park, Kadubeureum Village, Padarincang, Banten. This planting procession is in collaboration with the Kehati Cikalumpang Foundation and was attended by representatives of the Serang Regency Environmental Service (DLH), representatives of the Serang Regency Environment and Sanitation Service (DLHK) Seed Center, and Chandra Asri's management.
In commemoration of this National Tree Planting Day, Chandra Asri planted a total of 450 tree seedlings, 200 seeds were planted at Kehati Village 165 Park, and another 250 tree seeds were distributed to Taman Kehati Asri owned by Chandra Asri. On the same occasion, the Head of DLH Serang Regency presented an award to Chandra Asri for planting 2,000 tree seedlings and the company's commitment to protecting biodiversity in the Kehati Barokah Park, Kadubeureum Village, Serang Regency.
Chandra Asri won the Gold/Platinum award in the SNI Award 2022, organized by the National Standardization Agency (BSN). Chandra Asri's achievement as the awardee of Major Goods Organizations in the Chemical, Pharmaceutical, Textile, and Mining Sectors was due to the Company's commitment to implementing the Indonesian National Standard (SNI) for the quality and standards of its products.
In its business operations, Chandra Asri carries out strict quality control to ensure the production process and product quality are always at their best performance. Chandra Asri has also obtained SNI 8887:2020 certification for gas pipe raw materials this year. The existence of SNI products will make it easier for consumers to choose quality products that are safe for health and the environment.
Chandra Asri [IDX:TPIA] notes the recent media report about its interest in Ixom, the Australian specialty chemical business owned by Keppel Infrastructure Trust (KIT) ISGX:A7RU]. Chandra Asri confirms that it is no longer involved in the sale process for Ixom.
PT Chandra Asri Petrochemical Tbk won two Level 5 Green Industry awards from the Ministry of Industry. These two highest awards were given to Chandra Asri's two plant, Ciwandan Site and Puloampel Site for they were considered successful in implementing green industry principles in their production processes to run more sustainable business operations. 2022 is the 12th year of implementing the Green Industry. Through this award, the Government encourages industrial development that is in harmony with the preservation of environmental functions and can provide benefits to society.
Chandra Asri announced their collaboration with Borouge, a petrochemical company from the United Arab Emirates, at the B20 (Business 20) event in Nusa Dua, Bali, Monday (14/11/2022). The commitment agreed by both of petrochemical companies were based on a joint circular economy initiative which cover the management of polyolefin waste and recycling facilities to produce new products; as well as opportunities in co-marketing and market development initiatives, including developing non-metallic applications in certain market segments in oil and gas amalgamation, automotive, construction, and else, to promote the use of polyolefins.
The announcement of the commitment was attended by President of the Republic of Indonesia Joko Widodo, President of the United Arab Emirates Mohammed bin Zayed Al Nahyan, Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan, Minister of Foreign Affairs Retno LP Marsudi, Minister of Environment and Forestry Siti Nurbaya Bakar, Minister of Public Works and Public Housing Basuki Hadimuljono and Minister of Industry Airlangga Hartarto and CEO of Masdar Mohammed Jameel Al Ramahi.