Strategic Acquisition: Chandra Asri Partners with Glencore to Acquire SECP

The expansion is projected to create new job opportunities domestically. A new company will be established to manage the operational aspects of SECP, focusing on streamlining processes and enhancing efficiency.

The establishment of this new company will also provide various employment opportunities, strengthening the economic fabric of Indonesia.

“This initiative aims to create jobs and foster operational excellence,” Ciputra stated.

With a projected Compound Annual Growth Rate (CAGR) of 4.5% in 2024 and an estimated combined GDP of approximately $4.5 trillion by 2030, ASEAN presents significant business opportunities for Indonesia.

He noted that this expansion would not only bolster Indonesia’s economic development but also enable Chandra Asri to compete more effectively in the global market.

The acquisition of SECP brings advanced technology and innovative practices, managed by experienced professionals. This will facilitate knowledge transfer and operational enhancements between the two entities.

The collaboration with Glencore, a leading global resource company, is expected to drive further innovation, ensuring the partnership remains competitive on a global scale. This synergy could elevate Indonesia’s position in the global industrial landscape.

The acquisition of Shell Energy and Chemicals Park marks a pivotal step for Chandra Asri Group, positioning it to contribute significantly to Indonesia’s economic growth and industrial capabilities. (Uki Ruknuddin)