On 12 February 2020, Chandra Asri through its subsidiary, PT Styrindo Mono Indonesia, in collaboration with the Happy Hearts Indonesia Foundation, inaugurated PAUD Al-Hikmah building.
Located in Margasari Village, Puloampel District, Serang Regency, PAUD Al-Hikmah is one of many inadequate PAUD in Serang. After going through the rebuilding process for approximately four months, now PAUD Al-Hikmah has stood firm with a decent and comfortable building for teaching and learning activities.
Early in 2020, PT Chandra Asri Petrochemical Tbk held an Extraordinary General Meeting of Shareholders, on 5 February, at Wisma Barito Pacific, Jakarta. The meeting was led by Mr. Djoko Suyanto, as President Commissioner, and was attended by the Board of Commissioners and Directors Chandra Asri.
The majority of shareholders approved Chandra Asri's plan to increase capital by giving Pre-emptive Rights to the Company's shareholders through the Limited Public Offering III mechanism.
In addition, the meeting also approved the amendment to the provisions of Article 4 paragraph (2) of the Company's articles of association regarding the Company's issued and paid-up capital, in connection with the realization of the additional capital by giving HMETD to shareholders through the mechanism of Limited Public Offering III.
This year began with a proud achievement from PT Styrindo Mono Indonesia (SMI), a subsidiary of PT Chandra Asri Petrochemical Tbk. On 8 January 2020, SMI received the Green category award in the Corporate Performance Rating Program in Environmental Management (PROPER). The award was handed-over by Ibu Siti Nurbaya, Minister of Environment and Forestry Republic of Indonesia. This award is a Green category for the third time. This achievement is certainly proof of the company's commitment in managing the environmental management system, energy and water efficiency, reducing the burden of wastewater, reducing emissions, protecting biodiversity, 3R of B3 waste and non-B3 solid waste, and implementing community empowerment programs (CSR).
Based on its commitment to become a growth partner for community around the company, PT Chandra Asri Petrochemical provided aids for the flood victims in Banten Province which was directly received symbolically by the Governor of Banten Province, Mr. Wahidin Halim, on Sunday, January 5, 2020. The assistance for the flood victims comes in the form of 1,500 packages of sanitary kit (soap, shampoo, toothbrushes and toothpaste) and 1,500 packages of baby kit (wet tissue, pampers and baby food), which will be distributed directly by the Banten Province government to the most affected areas, including Lebak District, Tangerang City, and South Tangerang.
This year, PT Chandra Asri Petrochemical Tbk and its subsidiary, PT Styrindo Mono Indonesia (SMI), received Green Industry award 2019 again from the Ministry of Industry with level 5 award. The Green Industry Award is an award for industries that in the production process applyefficiency and effectiveness in the sustainable use of resources.Until now, SMI has received the highest award of level 5 Green Industry 5 times.Whereas Chandra Asri has been awarded the level 5 Green Industry award 3 times.
In its commitment to continue to be a growth partner for Indonesia, PT Chandra Asri Petrochemical Tbk together with the President of the Republic of Indonesia, Joko Widodo (Jokowi) inaugurated the new polyethylene (PE) plant on Friday, 6 December 2019. Located at the new PE plant location, Cilegon, the inauguration was also witnessed by the Minister of Industry of the Republic of Indonesia, Agus Gumiwang Kartasasmita; the Minister of BUMN, Erick Thohir; and the Governor of Banten, Wahidin Halim.
This new PE plant provides an additional capacity of 400 thousand tons per year, bringing the total capacity to 736 thousand tons per year. Chandra Asri’s effort in capacity building is intended to take part in suppressing the import of petrochemical materials and support the national economy.