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Jakarta Post

Chandra Asri's new plant helps reduce imports: Jokowi

  • Marchio Irfan Gorbiano

    The Jakarta Post

PREMIUM
Cilegon, Banten   /   Mon, December 9, 2019   /  09:16 am
The Jakarta Post Image
President Joko "Jokowi" Widodo (second left) converses with Industry Minister Agus Gumiwang Kartasasmita (right), petrochemical company PT Chandra Asri Petrochemical founder Prajogo Pangestu (second right) and president director Erwin Ciputra (left) after the company's new plant inauguration in Cilegon, Banten, on Dec. 6, 2019. (Antara/Asep Fathulrahman).(Antara/Asep Fathulrahman)

President Joko “Jokowi” Widodo has inaugurated a new US$380 million polyethylene plant belonging to publicly listed PT Chandra Asri Petrochemical, which he said would help the government’s efforts to narrow the country’s current account deficit. Speaking at the plant’s inauguration ceremony in Cilegon, Banten, Jokowi said the factory represented a “concrete step” made by the industry in reducing its dependence on imported raw or auxiliary materials. “The development of Chandra Asri’s new plant is a concrete step [that] is needed by our country,” Jokowi said on Friday. He went on to point out Indonesia’s reliance on imported polyethylene, which is a key material in the manufacturing of plastic bags and plastic bottles, among other things. He also reiterated the government’s commitment to encouraging the devel...