PT. AKR Corporindo, Tbk

AKR Corporindo Tbk receives ASIAMONEY AWARD 2022 Most Outstanding Industrial Company in Indonesia

September 23, 2022

JAKARTA, 23 September 2022 – PT AKR Corporindo (IDX stock code: AKRA.IJ) once again received with honor The Most Outstanding Company Award for Industrial Sector, on Wednesday 21 September 2022 in Singapore. 

AKRA is a leading private company providing end to end supply chain logistics for basic chemicals and fuel products in Indonesia. During the pandemic, AKRA's extensive infrastructure strength includes storage terminals at 17 major ports and a transportation network supported by IT technology, enabling AKRA to continue to distribute products to industrial and retail customers without interruption. Meanwhile, the Java Integrated Industrial and Port Estate (SEZ JIIPE Gresik) has also made significant progress in attracting investment, especially since being named a Special Economic Zone. SEZ JIIPE Gresik offers facilities, and fiscal-non-fiscal incentives needed by the industry to be highly competitive. International standard facilities including deep sea ports, availability of gas and solar energy, as well as utilities supported by multimodal transportation solutions, can make the industry more efficient.

Mr. Suresh Vembu Director & Corporate Secretary receive the 2022 Asia Money Award

AsiaMoney is an international financial publication managed under the global media group division of Euromoney Institutional Investor PLC, based in Singapore. The Asia Outstanding Companies Poll involved 958 votes from Investment Managers, analysts, bankers and rating agencies taken up to July 15. Voters were asked to consider the company's overall performance, including financial, management and investor relations performance.

The President Director of AKRA, Mr. Haryanto Adikoesoemo, represented by Mr. Suresh Vembu stated, “We would like to thank AsiaMoney and all parties who have chosen AKRA as The Most Outstanding Company in Indonesia for the Industrial Sector. This award will increase the Company's enthusiasm to continue to contribute to the economy and industry in Indonesia, both in terms of distribution of basic Energy and Chemicals, as well as support for industrial development through the SEZ JIIPE Gresik".

This award is also an acknowledgment of AKRA's positive performance both in terms of finance and governance. AKRA's profit growth in 2022 is expected to continue to grow in line with the positive prospects for the energy sector and the government's downstream program, as well as the positive impact of economic growth and smelter growth in Indonesia which will drive demand for land for the SEZ JIIPE Gresik.

Corporate Secretary
PT AKR Corporindo Tbk