Partnering With OCBC NISP, Chandra Asri Owns Of Konglomerat Prajogo Pangestu Achieves US Dollar 100 Million Loans

Chandra Asri Petrochemical. (Photo: Doc. Antara)

JAKARTA - The petrochemical company owned by conglomerate Prajogo Pangestu PT Chandra Asri Petrochemical Tbk (TPIA) has a loan facility from PT Bank OCBC NISP Tbk (NISP). The value reached 100 million US dollars.

The loan facilitates the business growth of the Indonesian petrochemical industry. According to Chief Financial Officer Chandra Asri Andre Khor, financing from OCBC NISP is part of the commitment to support Chandra Asri so that he can continuously develop his business.

"Chandra Asri is very enthusiastic about expanding and improving relations with Bank OCBC NISP, a leading financial institution that provides comprehensive banking solutions to meet the needs of industry customers like us," said Andre in his statement, Thursday, July 7.

Andre explained that the bank's commitment to long-term partnership and deep understanding of its customer business model is proof of their commitment to sustainability, with a strong customer focus.

Meanwhile, Director of Bank OCBC NISP Martin Widjaja stated that this strategic collaboration is a good first step for both parties. "As banking partners, we hope to provide integrated and comprehensive financial services to support Chandra Asri to remain an integrated and largest petrochemical producer in Indonesia," said Martin.

emphasizes,

Chandra Asri is an integrated and largest petrochemical producer in Indonesia. The company continues to be committed to increasing its capacity in order to meet the growth demand for petrochemicals in the country.

One of the Company's strategies is to develop a CAP2 complex on a scale in the world. With the construction of this complex, it is hoped that it will reduce Indonesia's dependence on imports, develop the local petrochemical downstream industry, support the government's vision for Industry 4.0 and create a long-term career of high value.