PT. Chandra Asri Petrochemical Tbk, together with its subsidiaries, produces and sells petrochemical products in Asia, the United States, and internationally. The company operates in Olefin, Polyolefin, Styrene Monomer, Butadiene, and Tanks and Jetty Rental segments. It offers various monomers, such as ethylene, propylene, raw butadiene, pyrolysis gasoline, and pyrolysis fuel oil. The company also provides polyethylene products, which include linear low density polyethylene resins for use in packaging; and high density polyethylene resins for use in jerry cans, garbage containers, water pipes, and shipping bags under the Asrene trademark. In addition, it offers polypropylene resins consistin...
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PT Chandra Asri Petrochemical Tbk to Spend USD 90 Million to Finance Existing and New Projects in 2013
Dec 7 12
PT Chandra Asri Petrochemical Tbk will spend more than $90 million to finance existing and new projects in 2013. For 2013 capital expenditure will be between $85 and $90 million. The company has signed an agreement with PT Pertamina to establish and operate a polypropylene factory in Indonesia. The factory will be built in Balongan in Indramayu, West Java with around $200 million in investment and will have production capacity of 250,000 tons per year. Construction is expected to start next year and be completed in 2015. Besides the butadiene plant, Chandra Asri is also increasing production capacity of its existing polypropylene plant from 360,000 tons to 480,000 tons per year. The new and existing polypropylene plants are expected to help Chandra Asri to meet the country’s growing demand.
PT Chandra Asri Petrochemical Tbk Reports Unaudited Consolidated Earnings Results for the Nine Months Ended September 30, 2012
Nov 2 12
PT Chandra Asri Petrochemical Tbk reported unaudited consolidated earnings results for the nine months ended September 30, 2012. For the period, net revenues were $1,707,490,000 compared to $1,747,017,000 a year ago. Loss before tax was $76,043,000 compared to income before tax of $14,505,000 a year ago. Net loss was $61,114,000 compared to net profit of $13,149,000 a year ago. Basic earnings per share were $0.020 compared to $0.004 a year ago. Net cash provided by operating activities was $8,757,000 compared to net cash used in operating activities of $8,757,000 a year ago. Acquisitions of property, plant and equipment was $62,500,000 compared to $34,916,000 a year ago.