PT AKR Corporindo Tbk

<div><p><span style="font-size:1rem;">PT AKR Corporindo Tbk, hereinafter referred to as AKR, was founded as a small chemical trading busines in Surabaya, and it has now grown to become one of Indonesia’s leading private sector distributors of basic chemicals, petroleum, logistics, and supply chain solutions. Mr. Soegiarto Adikoesoemo, entrepreneur and businessman from Surabaya, started this business in 1960 and later established PT Aneka Kimia Raya on November 28, 1977. The company moved its headquarters to Jakarta in 1985.</span><br></p><p>In 1994, AKR was officially become public listed company on Indonesian Stock Exchange (previously Jakarta Stock Exchange). This chance was used to further develop the company’s infrastructure and to build new storage terminals, as well as other assets in Java and Sumatra.</p><p>In the first decade of this millennium, AKR expanded its business area to the distribution of petroleum products by expanding the existing infrastructure. As its business portfolio grew, AKR starts focusing also on energy, logistics, and manufacturing businesses. The company’s name was later changed from PT Aneka Kimia Raya Tbk to PT AKR Corporindo Tbk, reflecting a larger business scope and opportunities.</p><p>In 2005, AKR became the first national private company to distribute non- subsidized fuel. Taking benefit from its experience and extensive infrastructure, the company became the first national private company entrusted by the Downstream Oil and Gas Regulator (BPH Migas) to distribute subsidized petroleum since 2010. </p></div>