AKR To Open 20 New Petrol Stations First Outlet In Jakarta Opens

JAKARTA, 03rd Aug 2016 – PT AKR Corporindo Tbk (IDX ticker code: AKRA.IJ) is planning to expand its retail petrol distribution network in Indonesia by opening 20 new outlets during 2016. Mr. Haryanto Adikoesoemo made announcement at the 8th institutional investor forum day held at Indonesian Stock Exchange on 1st August 2016.

These new retail outlets will be opened across Indonesia in regions like Kalimantan, Java and Sumatera. With this expansion the total number of outlets would reach 145 outlets during 2nd Semester of 2016.

Currently AKR petrol stations sell subsidized diesel and also non-subsidized AKRA RON 92 Gasoline.

AKR first petrol station in Jabodetabek opens

The company inaugurated its first petrol station in Jl. Kapuk Raya, Kapuk , Jakarta (Jabodetabek area) on 1st August 2016. The petrol station was inaugurated by representatives from AKR and government officials. This petrol station has commenced operations selling petroleum products to retail customers from 1st August 2016.

AKR has been a leading distributor of petroleum products in Indonesia for over a decade. The company has been supplyingpetroleum products in Indonesia to industrial customers since 2005 and started operating retail petrol stations since 2010. AKR Commenced with 16 petrol stations in 2010 and then gradually expanded to 129 by end of last year. The petrol stations are spread across Indonesia in regions of Java , Sumatra & Kalimantan giving the company a wide reach in terms of the addressable market.

AKR’s expansion in the retail space is a part of its strategy to leverage on its widely distributed infrastructure network across Indonesia. The infrastructure network consists of storage tank terminals, tankers, SPOB’s, trucks, barges and other equipment which provides a seamless integration in the supply chain from source to the customer.