AKRA Qualifies as the Authorized Economic Operator (AEO)

Jakarta, 7 June, 2024 – PT. AKR Corporindo Tbk. (AKRA) qualifies as one of the Authorized Economic Operator (AEO) in Indonesia. AEOs are parties involved in the international movement of goods in the global supply chain function, thereby obtaining recognition and special customs treatment from the Indonesian Directorate General of Customs and Excise.

AEO status was obtained on December 7’ 2023 and was officially handed over today in a prestigious ceremony at Merauke Auditorium of the Directorate General of Customs and Excise building – Jakarta. This acknowledgment has fulfilled the requirements and necessary documents for application to the Director General of Customs. The Company's 10 verified operational locations include: AKR Head Office, Belawan, Lampung, Jakarta, Ciwandan, Semarang, Surabaya, Pontianak, Stagen, and Bitung. With AEO certification and facilities, the Company obtains various benefits. These include quick document and physical checking, priority for simple customs processing, ease of payment for completing customs obligations, priority in the latest customs programs, special services at verified locations, and customs settlement services outside working hours.

On behalf of the Company, Mr. Suresh Vembu expressed his gratitude, "By becoming AEO, AKR will obtain various customs benefits. This is also good news for the Company's industrial customers who will be able to obtain the essential products quickly. Thanks to the management of Customs and Excise of the Republic of Indonesia and all related parties. We hope that this cooperation can be carried out well and give benefit for both parties."

PT. AKR Corporindo Tbk. engaged in supply chain logistics for Energy and Basic Chemical products in Indonesia. The Company has been operating for more than 6 decades and has built end to end supply chain logistics infrastructure in strategic region, including storage tanks, trucks and vessels, which reaches 17 sea and river ports in Indonesia. The company proactively strengthens its logistics infrastructure to reach customers in remote areas across the country, improve efficiency, and keep encouraging sustainable growth.

Corporate Secretary
PT AKR Corporindo Tbk