AKR Corporindo received the Indonesia Most Acclaimed Company 2022 Award from Warta Ekonomi

Jakarta, 19 May 2022 - PT AKR Corporindo (IDX stock code: AKRA.IJ) received award from Warta Ekonomi today as the Indonesia Most Acclaimed Company 2022 with Outstanding Corporate Strategy through Business Expansion in the Energy and Mining Industry category. This award was handed out virtually, on the Warta Ekonomi channel (www.youtube.com). It is an appreciation to AKR as a company that consistently innovates, adapts, and develops business in its company activities.

Mr. Muhamad Ihsan as CEO and Chief Editor of Warta Ekonomi gave his views on AKR's innovation in developing its business, "We see the Company establishing JIIPE Industrial Estate as Technology and Manufacturing Estate that provides superior connectivity and high-level multimedia infrastructures. So We are expecting this can supports the national economy recovery. The Company also established several JV companies, including to distribute natural gas to SEZ JIIPE Gresik area and its surroundings, expanding with bp to retail fuel and lubricants, as well as expanding the chemical distribution network with Petronas. We also appreciate the stock split corporate action carried out by the Company to attract young generation and millennials.”

Representing AKR, Mr. Suresh Vembu as Director and Corporate Secretary stated, “AKR started its business in 1960 as a distributor of basic chemicals in Indonesia and has always believed that Innovation is The Engine of Growth. Thus, we continue to innovate and transform so that in 2005 we started fuel business and became a major player in this industry.”

“As part of our strategy to grow sustainably, we have also expanded our business to the JIIPE integrated industrial estate which provides world-class industrial facilities and currently has status of Special Economic Zone. We hope that JIIPE can attracts investment to Indonesia and contributing growth in national industry. AKR is also developing its business through joint ventures with several well-known partners such as bp, Petronas, Royal Vopak, PT BBG so that we can expand into retail fuel distribution and start initiating cleaner and renewable energy.”

He expressed his gratitude for the support and appreciation from Warta Ekonomi and Company's stakeholders also mentioned his expectation towards this award in motivating PT AKR Corporindo Tbk to be more agile and creative in dealing with change and creating sustainable values.

This 18th award event was given by Warta Ekonomi to companies that continuously innovating business growth in every industrial sector. The theme of Go Further, Grow Stronger was chosen because massive business development innovation with a stronger corporate development mindset will have a positive impact on continuous and sustainable Indonesian economy growth process.

Corporate Secretary
PT AKR Corporindo Tbk