Chandra Asri to invest US$6 bln in several capacity expansion projects from 2016 to 2021

13-Feb-17

Indonesia's largest petrochemical producer Chandra Asri Petrochemical plans to invest US$6 bln in several projects from 2016 to 2021, as per a company executive in Jakarta Globe. In the first phase of its investment plan, Chandra Asri plans to spend US$150 mln this year alone to ramp up production capacity on a number of petrochemical products like butadiene. Chandra Asri also plans to expand its Nafta Cracker factory in Banten — the country's only Naphtha Cracker factory.
Vice President for Corporate Relations Suhat did not say anything about the other phases in the investment drive.
Chandra Asri also intends to secure tax holiday or tax allowance from the government, considering the size of its future investment.