We Are Barito Pacific
About Us > We Are Barito Pacific
Barito Pacific is changing, both internally and externally. Changes in the look and colors of Barito Pacific are grounded upon the transformational efforts of the Company with the aim of securing sustainable long-term growth.
The new visual identity for Barito Pacific is inspired by the concept of "Natural Empowerment", symbolized by water that brought life to our land. This visual identity communicates the values of Barito Pacific that respect our natural resources, care about our environment and espouse sustainable production.
With this change, a new spirit is brewing at Barito Pacific, among our dedicated men and women; a spirit that will allow the Company to embrace a new era, pursue more dynamic growth opportunities and become a fully energized, diversified resource-based enterprise.
COMPANY AT A GLANCE
PT Barito Pacific Tbk was established on 1979 under the name of PT Bumi Raya Pura Mas Kalimantan. The Company started out as an integrated wood-based company. Moreover, Barito Pacific was highly regarded in forestry and timber industry in the '80s.
Barito Pacific is one the pioneers of sustainable HTI (Hutan Tanaman Industri, the Indonesian term for industrial forest estate). As the first truly sustainable industrial timber estate operations in Indonesia at the time, the Company quickly built a reputation for being one of the early environmentally-focused wood-based company to emerge from Asia.
In 1993, the Company listed its shares on the Jakarta and Surabaya bourses (recently merged to become the Indonesia Stock Exchange/IDX) as PT Barito Pacific Timber Tbk. The result of this listing was used by the Company to embark on a massive industrial forest plantation development programs and to secure sustainable supply of logs to feed supply the Company's wood processing mills. At the time, the Company had 5 (five) processing mills altogether, producing plywood, blockboards, particle boards and woodworking products for exports to Europe, Asia and America.
Unconducive climate pervading over the timber industry in Indonesia since the late '90s, following the Asian financial crisis, had forced the Company to discontinue the production of plywood.
To cope with unconducive climate that continues to cast a shadow over the industry, the Company pursued the strategy of downsizing its timber-based operations by only producing particle board in Banjarmasin, South Kalimantan, whilst diversifying its business into other resource-based industries.
Preceded by several years of thorough planning and preparation, Barito Pacific has been transformed into a fully diversified resource-based enterprise.
In 2007, one key decision in the Company ongoing transformation was the change of name, identity and colors of PT Barito Pacific Timber Tbk to those of PT Barito Pacific Tbk. The Company decided to drop the word "Timber" to reflect the diversified scope of its businesses today and in the future.
The acquisition of PT Chandra Asri on 2007, which made the Company the controlling majority shareholder with 70% shares in the only olefin producer in Indonesia, marks a key milestone for Barito Pacific. The inclusion of Chandra Asri in the Company portfolio has given Barito Pacific a strategic base from which to grow downstream oil and gas businesses, while in the same time also continue to seek opportunities to develop stakes in the strategic energy resources sector in the future. That acquisition then followed by the acquisition of PT Tri Polyta Indonesia Tbk, a major downstream producer of polypropylene that sourced its propylene raw material from Chandra Asri, on June 2008.
In 2011, PT Chandra Asri and PT Tri Polyta Indonesia Tbk merged to become PT Chandra Asri Petrochemical Tbk, the largest integrated petrochemical producer in Indonesia.
Barito Pacific is currently engaged in the forestry, petrochemicals, property and plantation industry sectors, and ultimately evolved into a fully diversified resource-based enterprise with growing interests in the mining and energy sectors, among other developments.