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PRESS RELEASE
Chandra Asri Group and Bank Mandiri Strengthen Strategic Cooperation
to Support the National Petrochemical Industry Ecosystem
Jakarta, 15 September 2026 - PT Chandra Asri Pacific Tbk (Chandra Asri Group)
collaborates with Bank Mandiri to expand access to banking services for customers. This
collaboration was marked by the signing of a Memorandum of Understanding (MoU) to support
transactions and business activities along the petrochemical industry value chain at Wisma
Barito Pacific Tower, Jakarta, Monday (14/9).
This collaboration is part of the two companies' efforts to support the needs of business actors
in the national petrochemical industry ecosystem through increasingly integrated and efficient
banking services. By strengthening the relationship between industry players, customer
partners, and the banking sector, this collaboration is expected to support smooth transactions
and business activities along the industrial value chain.
Polymer Sales Director of PT Chandra Asri Pacific Tbk, Raymond Budhin, said that the
collaboration with Bank Mandiri complements Chandra Asri Group's support for its business
partners. Easier access to financial solutions can help them develop their businesses more
effectively.
"We appreciate Bank Mandiri for the collaboration and support provided to Chandra Asri
Group through this initiative. As an important part of Indonesia's petrochemical value chain,
we see that supporting customers does not stop at providing products but also includes how
we can help strengthen the business ecosystem that supports the smooth running of their
businesses. Through synergy with Bank Mandiri, we can expand the benefits we provide to
our customer partners through access to banking services relevant to their business needs.
We hope that this collaboration can provide added value for customers, strengthen business
relationships, and support the smooth running of activities in the petrochemical industry in
Indonesia," explained Raymond.
The signing of the MoU was also attended by Chandra Asri Group's Vice President of
Commercial & Production, Baritono Prajogo Pangestu; Chandra Asri Group's Supply Chain
Director, Francis Ruly Aryawan; Chandra Asri Group's Legal & External Relations Director,
Edi Riva'i; Bank Mandiri's Senior Executive Vice President of Corporate Banking 1, Eny
Kurniasih M. Mukarromah; Bank Mandiri's Senior Vice President of Corporate Banking, Heru
Eko Prasetyo; and Bank Mandiri's Senior Vice President of SME Banking 2, Romy Jhonson.
Under the agreement, Bank Mandiri will provide payment acceptance facilities, banking
transaction services, and financial support according to the needs of Chandra Asri Group's
customer partners. The coverage is designed to facilitate financial management while also
supporting smooth business transactions with Chandra Asri Group.
This cooperation is relevant to the petrochemical industry because smooth transactions
between raw material producers and customers from various manufacturing sectors also
affect activities along the value chain. Stronger connectivity between the industrial and
financial sectors can increase business efficiency and competitiveness.
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Senior Executive Vice President of Corporate Banking 1 of Bank Mandiri, Eny Kurniasih
M. Mukarromah, said that this agreement is a concrete step to bring financial services closer
to business actors within the Chandra Asri Group ecosystem. In this case, the issuer
codenamed BMRI will utilize its capabilities and network to provide support according to the
characteristics of Chandra Asri Group's business.
"Through integrated synergy, we want to help business actors maintain smooth operations
and create opportunities for sustainable growth. Connectivity between the industrial and
financial sectors can also strengthen competitiveness and create sustainable advantages for
the national industry," said Eny.
She also added that this partnership is in line with the spirit of Bank Mandiri's 28th Anniversary,
"Growing Together, Moving Indonesia Forward". This spirit is realized by bringing real benefits
to customers, business actors, and the community.
"Bank Mandiri will continue to strengthen its role as a strategic partner of the government and
the business world in encouraging national economic growth. We hope that the joint initiative
with Chandra Asri Group can open up more opportunities for industry players to develop," she
continued.
In the future, the two companies will optimize service utilization according to the evolving
needs of business partners. This initiative is expected to generate a multiplier effect by
increasing economic activity, expanding partnership opportunities, and creating jobs in the
industrial ecosystem in the long term.
***
About Chandra Asri Group
Chandra Asri Group is a leading industrial company in Southeast Asia, operating through three strategic
Chandra Asri Group is a leading industrial company in Southeast Asia, operating through three strategic
pillars, Energy & Chemicals, Integrated Infrastructure, and Mobility Solutions. Established in Indonesia
in 1992, Chandra Asri Group has built a strong track record as a reliable Growth Partner to its customers
and stakeholders, with strategic businesses and assets in Indonesia and Singapore, and an expanding
presence in Malaysia. The Group’s asset portfolio encompasses integrated Energy & Chemicals
operations, including a naphtha cracker in Cilegon with an ethylene production capacity of 0.9 million
metric tons per annum, a refinery with a capacity of more than 300,000 barrels per day and a naphtha
cracker with a capacity of 1.1 million metric tons per annum on Bukom Island, as well as approximately
2.5 million metric tons of downstream chemical assets on Jurong Island. Chandra Asri Group is also
expanding its chemicals portfolio through the development of a world-scale chlor-alkali and ethylene
dichloride facility in Cilegon. The Integrated Infrastructure pillar comprises four key areas, Power, Water,
Port & Storage, and Logistics, providing essential services to support industrial activities and regional
connectivity. In line with the development of its portfolio, Mobility Solutions brings the Group closer to
consumers through ~60 Esso retail service stations. For more information, visit www.chandra-asri.com.
For further information, please contact:
Chandra Asri Group
Chrysanthi Tarigan
Head of Corporate Communications
Telp: 021-530 7950
Email: corporate.comm@capcx.com
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About Bank Mandiri Bank Mandiri is one of Indonesia's leading financial institutions, providing comprehensive banking services across key business segments, including Corporate, Institutional Relations, Commercial, Micro & SME, Consumer Banking, Treasury, and International Banking. To deliver integrated financial solutions, Bank Mandiri works in synergy with its subsidiaries under the Mandiri Group financial conglomerate. These entities include Mandiri Sekuritas (capital market services), Bank Mandiri Taspen (micro and SME lending), AXA-Mandiri Financial Services (life insurance), Mandiri Tunas Finance and Mandiri Utama Finance (automotive and consumer financing), Mandiri International Remittance (cross- border remittance), Mandiri Europe (treasury and financial institution services), Mandiri Capital Indonesia (venture capital), and Mitra Transaksi Indonesia (merchant and payment solutions). Through this robust collaboration, Mandiri Group continues to drive solid performance and maintain leadership across their respective market segments. As a strategic entity under Danantara, Bank Mandiri continuously innovates its digital ecosystem to meet the evolving needs of both corporate and retail customers. Kopra by Mandiri serves as the flagship wholesale digital platform, connecting corporations and SMEs within a unified, seamless digital ecosystem. It delivers end-to-end solutions, including Cash Management, Forex, Trade & Guarantee, Supply Chain Management, Virtual Accounts, and API-integrated financial solutions. For retail customers, the bank offers Livin’ by Mandiri, the Mandiri e-money prepaid card, and MITA (Mandiri Intelligent Assistant)—an AI-powered information service accessible via Bank Mandiri’s official WhatsApp account (+62 811-84-14000). As of June 2026, Bank Mandiri operates an extensive nationwide network comprising 139 Branch Offices and 2,010 Sub-Branch Offices. Its physical distribution is reinforced by 3,659 ATMs and 9,323 Cash Recycling Machines (CRMs) integrated with the ATM Link, ATM Bersama, ATM Prima, and Visa/Plus networks. Furthermore, the bank utilizes 338,989 Electronic Data Capture (EDC) terminals, 290 Customer Self-Service Machines (CSMs), and an advanced e-banking ecosystem that includes Livin’ by Mandiri, SMS Banking, Call Center 14000, and the toll-free Livin’ Call. Expanding its global footprint, Bank Mandiri operates seven overseas offices strategically located in major international financial and economic hubs: Singapore, Hong Kong, Shanghai (China), the Cayman Islands, London (UK), Malaysia, and Timor-Leste. For more detailed information about Bank Mandiri, please visit www.bankmandiri.co.id.
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