PT Chandra Asri Petrochemical Tbk (PTPIF) Price & Analysis

PT. Chandra Asri Petrochemical Tbk, along with its affiliated companies, functions as a fully integrated petrochemical enterprise, serving markets in both Indonesia and Singapore. Its operations are structured across several key segments: Olefin, Polyolefin, Styrene Monomer, Butadiene, Methyl Tertiary Butyl Ether & Butene-1, and Tanks and Jetty Rental. Among its offerings are various olefins, including ethylene, propylene, mixed C4, pyrolysis gasoline, and pyrolysis fuel oil. Additionally, the company supplies polyethylene products, specifically linear low-density and high-density polyethylene, marketed under the 'Asrene' brand. These find application in diverse uses such as films, injection molding, blow molding, pipes, monofilament, fishnets, tarpaulins, potable water pipes, jerry cans, cosmetic containers, and food-grade bottles, alongside agricultural films and general plastic packaging. It also manufactures 'Grene' branded resins, designed for environmentally friendly products like shopping bags, compost bags, disposal bags, and bags on a roll. Furthermore, its product portfolio includes polypropylene offerings – namely homopolymer, random copolymer, and impact copolymer – sold under the 'Trilene' brand. These are utilized in areas such as flexible packaging, household goods, yarn production, non-woven bags, furniture, and components for the automotive and electronics sectors. Moreover, PT. Chandra Asri Petrochemical produces styrene monomer, a key precursor for materials like polystyrene, expanded polystyrene, styrene acrylonitrile, acrylonitrile butadiene styrene (ABS), styrene butadiene rubber (SBR), styrene butadiene latex (SBL), and unsaturated polyester resin. These derivatives are subsequently employed in manufacturing shoe soles, drinking cups, food storage containers, automotive and electronic components, building blocks, and helmets. It also supplies butadiene, essential for creating ABS, SBL, SBR, and polybutadiene rubber, which are integral to products such as rubber boots, gloves, shoe soles, adhesives, and sealants. The company additionally engages in the export of its diverse product range. Established in 1984, PT. Chandra Asri Petrochemical Tbk maintains its primary corporate offices in Jakarta, Indonesia.