- CEO
- Haryanto Adikoesoemo
- Full Time Employees
- 2,084
- Sector
- Energy
- Industry
- Oil & Gas Refining & Marketing
- Address
- AKR Tower Lt 26 Jakarta JK Indonesia 11530
- IPO Date
- Jul 9, 2014
- Business
- PT AKR Corporindo Tbk (PKCPY) is an Indonesia-based logistics and supply chain company primarily engaged in the trading and distribution of petroleum products and basic chemicals; logistics services including storage tanks, warehouses, bagging, port handling and transportation for liquid, solid chemical and petroleum products; manufacturing of adhesive materials and sorbitol; and industrial estate operations encompassing land leasing, sales of electricity and related utilities to tenants. The Trading and Distribution segment distributes caustic soda, sodium sulphate, PVC resins, soda ash, chlor-alkali chemicals, solvents, organic and non-organic chemicals, lubricants, high speed diesel, fuel oil and industrial diesel oil, with additional involvement in coal trading and mining; the Logistics Services segment operates across 17 ports in Indonesia and China, supported by tank terminals, bulk warehouses and transportation fleets; the Manufacturing segment produces adhesive materials; and the Industrial Estate segment manages facilities such as the Java Integrated Industrial and Port Estate (JIIPE) in Gresik, East Java. Founded in 1977 as PT Aneka Kimia Raya Tbk and renamed PT AKR Corporindo Tbk in 2004 following its 1994 IPO, the company is headquartered at AKR Tower in West Jakarta, Indonesia, and operates principally in Indonesia with logistics infrastructure extending to China; it functions as a subsidiary of PT Arthakencana Rayatama. Recent developments include allocation of IDR 130 billion in additional capital to subsidiary PT AKR Sea Transport for domestic shipping expansion, ongoing investments in tank terminals, ships and logistics to enhance efficiency amid rising mining sector demand for petroleum and chemicals, focus on JIIPE port facilities expansion in partnership with Pelindo III to improve connectivity, exploration of renewable solutions such as solar power and biofuels infrastructure, and receipt of an 'A' ESG rating from MSCI in June 2024 alongside recognition as an ASEAN Asset Class Publicly Listed Company in the 2024 ASEAN Corporate Governance Scorecard.