Chandra Asri Petrochemical Tbk Unsponsored ADR (PTCAY)

Overview

PT Chandra Asri Pacific Tbk, initially established in 1984 and previously known as PT Chandra Asri Petrochemical Tbk, underwent a name change in January 2024 to better reflect its broadened scope of operations and ambitions. With its headquarters in Jakarta, Indonesia, the company has grown into a leading chemical and infrastructure solutions provider within the country, boasting a strong presence through its numerous subsidiaries. The organization prides itself on operating across various segments, including Olefin, Polyolefin, Styrene Monomer, Butadiene, Methyl Tertiary Butyl Ether & Butene-1, Tanks and Jetty Rental, and Electricity, showcasing its diversified portfolio and operational capabilities. Notably, PT Chandra Asri Pacific Tbk also has a significant export business, demonstrating its competitiveness on an international scale.

Products and Services

• Olefins:

  These are key petrochemicals including ethylene, propylene, pyrolysis gasoline, mixed C4, naphtha, and pyrolysis fuel oil. Olefins serve as fundamental building blocks for a wide range of products and applications in the chemical industry.

• Polyolefins:

  This category encompasses polyethylene and polypropylene products. Polyethylene varieties, such as linear low-density and high-density polyethylene, are marketed under the Asrene brand name. These materials are utilized in applications ranging from films to pipes. Polypropylene products include homopolymers, random copolymers, and impact copolymers under the Trilene brand, suitable for food packaging, electronics, and automotive products.

• Styrene Monomer:

  An aromatic hydrocarbon used in producing styrene-based polymers and synthetic rubber. It's a fundamental component for various industrial and consumer products due to its versatility in applications.

• Butadiene:

  This conjugated diene is crucial for manufacturing styrene-butadiene rubber, adhesives, sealants, and coatings. It highlights the company's involvement in producing essential materials for the rubber and adhesive industries.

• Methyl Tertiary Butyl Ether (MTBE) & Butene-1:

  Used significantly in the refining industry, MTBE and Butene-1 are additives that enhance fuel efficiency. Their production underscores the company's role in offering solutions for improved energy consumption.

• Tanks and Jetty Rental, and Electricity:

  PT Chandra Asri Pacific Tbk provides vital infrastructure support through its tanks and jetty rental services, catering to the logistic needs of the chemical industry. Additionally, the company engages in the sale of electricity and other electrical services, highlighting its diversification into energy provision.

• Additional Services:

  Besides its main product lines, the company also offers a suite of related services including management consulting, warehousing, storage, and seaport services, aiming to provide comprehensive solutions for its clients.