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20240201_TPIA_Laporan Informasi dan Fakta Material_31573470_lamp3.pdf
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Press Release
Global Partnership Strategy of Chandra Asri Group Captures
Attention at Indonesia Incorporated Day 2024
Jakarta, February 1st, 2024 – Chandra Asri Group, the leading chemical and infrastructure solutions
company in Indonesia, was selected to participate in Indonesia Incorporated Day 2024, organized by the
Indonesian Ministry of Foreign Affairs held on Saturday, January 27, 2024. The event was sponsored by
Bank Negara Indonesia (BNI) and held in Nusa Dua, Bali.
The event was attended by the Vice Minister of Foreign Affairs of Indonesia, Pahala Mansury, as well as
officials from the Ministry of State-Owned Enterprises (SOEs), related SOEs, Indonesian ambassadors, and
selected private sector entities. Chandra Asri was chosen as one of the private sector representatives, and
had the opportunity to share its “Go Global” strategy in collaboration with SOEs, to create value for the
business and all stakeholders, including for the country and the Indonesian diaspora abroad.
Andre Khor, the Chief Financial Officer (CFO) of Chandra Asri Group, shared Chandra Asri Group’s
aspirations to be a Growth Partner for Indonesia and expressed the Group’s strong commitment to
contribute to the country’s efforts for Downstream value creation and Economic Diplomacy. Andre
explained that the company has attracted Foreign Direct Investment (FDI) in partnership with many world
class companies from abroad, and is currently diversifying its business both domestically and
internationally, in line with its core capabilities.
Andre explained further that Chandra Asri Group is also dedicated to completing organic growth strategies
in the chemical sector by establishing a world-scale Chlor Alkali and Ethylene Dichloride Plant (CA-EDC
Plant), alongside associated core infrastructure investment. The development of the CA-EDC Plant targets
the concept of Public-Private Partnerships (PPP) to meet local and regional needs within Indonesia and
the South-East Asian region. This investment will reduce Indonesian imports and expand its exports, to
support nickel and alumina refining, that underpins the production of batteries for the Electric Vehicle
industry which is a core part of the solution for the global energy transition.
According to Chandra Asri Group, the implementation of Public-Private Partnerships on an international
scale is expected to bring manifold benefits to Indonesia, through the development an Indonesia-centric
ecosystem with leading global companies with strong partnerships and co-creation of solutions. Through
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PPP investing in strategic assets abroad, Indonesia has the potential to secure energy supplies and reduce
dependence on foreign entities. The Ministry of Energy and Mineral Resources noted that in 2022,
Indonesia imported up to 60% of its fuel needs and 80% of its chemicals. The growth and expansion will
also provide more opportunities to Indonesia’s 8.8 million strong diaspora talent.
Indonesia Incorporated Day is expected to formulate a strategic action plan for priority sectors and foster
cooperation between the Ministry of Foreign Affairs, the Ministry of State-Owned Enterprises, related
SOEs, and the private sector in implementing SOE Go Global initiatives. In addition to discussing the role
of Indonesian SOEs, this event also serves as a platform to explore the potential utilization and
empowerment of the Indonesian diaspora, which is an important asset for Indonesia's Economic
Diplomacy efforts.
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About Chandra Asri Group
Chandra Asri Group is Indonesia’s leading chemical and infrastructure solutions company, supplying
products and services to various manufacturing industries in both domestic and international markets.
With a history of 31 years and over 2,200 dedicated staff, it incorporates state-of-the art technologies and
supporting facilities located strategically in the country’s petrochemical and industrial hubs, Cilegon and
Serang. Chandra Asri Group operates the only Naphtha Cracker in Indonesia that produces Olefins
(Ethylene, Propylene), Polyolefins (Polyethylene, Polypropylene), Pygas and Mixed-C4, and is the sole
domestic producer of Styrene Monomer, Ethylene, Butadiene, MTBE and Butene-1, with a new world-
scale Chlor Alkali – Ethylene Dichloride plant development on the horizon. Chandra Asri Group’s chemicals
business is supported by core infrastructure assets encompassing strategic energy, electricity, water, jetty
and tank farm facilities.
For further information, please contact:
Chandra Asri Group
Suryandi Chrysanthi Tarigan
Director of HR & Corporate Affairs Head of Corporate Communications
Telp : 021-530 5790 Telp : 021-530 7950
Email : suryandi@capcx.com Email : corporate.comm@capcx.com
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Ministry of Foreign Affairs
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Minister of Foreign Affairs of Indonesia
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Ministry of State-Owned Enterprises
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Ministry of Energy and Mineral Resources
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