The company was listed in Indonesian Stock Exchange in 1994 and trades under the ticker code AKRA.
The company currently has 3,94 billion shares outstanding, with 58,83% of which are owned by controlling shareholders, 0,72% by employees via management stock options program, and the remaining 40,45% owned by public.
AKR Corporindo was founded in Surabaya in the 1960s initially as a trader of basic chemicals. Today, AKR is one of Indonesia’s leading distributor of basic chemical and petroleum products.
AKR Corporindo is supplying petroleum and basic chemical products supported by its extensive infrastructure facilities including tank terminals and barging facilities to industrial and retail customers in most of the major cities across the country. Today, our market segments are industries, including multinational companies, state-owned enterprises, commercial enterprises and small businesses. AKR’s subsidiaries provide third party logistics services to customers in Indonesia by delivering products and services. In China, the company operates container and bulk ports in the Pearl river, as well as manufactures and supplies Sorbitol and starch derivatives to the oral care and pharma sectors.
AKR imports petroleum products from global refineries based on customer requirements and supplies petroleum to industrial and retail segments from its network of storage terminals, sea, river and land transport. AKR also provides fuel management services to its customers adding value to them. AKR through AKR retail petrol stations supplies High Speed Diesel and Petrol to cater for the needs of its retail customers including motorists and fishermen. It currently operates 131 petrol stations located across the major islands of Java, Sumatra, Bali, Kalimantan and Sulawesi.
The company possess adequate infrastructure network as well as land bank in the port area to build logistic facilities and provides end to end supply chain solutions.
You could submit the franchisee application form to AKR. The selection is based on the legal, financial, administration, and technical criteria. For those franchisees whom have been selected, AKR will issue a franchisee certificate valid for 3 to 6 months’ period.
The company manages its risk associated with volatile petroleum prices and exchange rates by maintaining an adequate spread over its base oil price as well as by hedging its FX exposure.
There are various environmental, social, and governance risks faced by AKR. These includes risks of system and equipment failures, natural disasters, etc. which disrupts the operation of the company. In mitigating these risks, the company always reminds its employees regarding risk awareness so they can contribute in risk management and provide important input in decision making processes. Thus, management and all employees are committed to implement risk management.
Two of the most recent initiatives that AKR has undertaken in response to the deregulation in the downstream petroleum segment are building of additional storage tanks due to increasing capacity utilization and building of additional petrol retail outlets.
To further grow its infrastructure capability and add a recurring income component to its business model.
Significant reduction in logistics cost for the tenants due to the port and industrial estates which are integrated. Also, another key feature of JIIPE is its port’s ability to accommodate large international vessels using its deep-water port.
• BKMS (Industrial Estate) - 60% AKR / 40% Pelindo 3
• BMS (Port) - 60% Pelindo 3 / 40% AKR
• Residential - 100% owned by AKR Land (affiliated entity to AKR Corporindo)
To make JIIPE as the destination of choice for industrial investments in Indonesia especially for export oriented industries. In terms of supporting facilities which has been planned it includes power plant, water treatment facility, toll road, railway etc.
As part of the group’s succession planning program, the group constantly identifies potential employees to fill the key management roles and has already built a competency model across different function for each level and position.
AKR has a policy of maintaining at least 30% in terms of dividend payout ratio and over the last couple of years the company has consistently paid a dividend in excess of 30% to its shareholders.