Company Revenue: Rp42.09 Trillion (Fiscal Year 2023)
CEO: Haryanto Adikoesoemo
Location: AKR Tower, Jl. Panjang No. 5, Kebon Jeruk, Jakarta Barat 11530, Indonesia

In Indonesia’s rapidly evolving economic landscape, PT AKR Corporindo Tbk (AKRA) stands as a beacon of resilience, innovation, and strategic foresight. Established in 1978, AKR has transformed from a modest chemical trading enterprise into a diversified conglomerate, playing a pivotal role in the nation’s energy distribution, logistics, and industrial development sectors. With a commitment to operational excellence and sustainable growth, AKR continues to drive Indonesia’s progress towards a more industrialized and energy-secure future.

Strategic Business Segments

AKR’s business operations are strategically segmented to address Indonesia’s critical infrastructure needs:​

  1. Trading and Distribution: AKR is a leading distributor of petroleum and basic chemicals, catering to various industries across Indonesia. In 2023, this segment generated approximately Rp38.58 trillion in revenue, underscoring its significance in the company’s portfolio.​
  2. Logistics and Supply Chain: Recognizing the importance of efficient logistics, AKR has invested in a comprehensive supply chain infrastructure, including storage terminals, transportation fleets, and IT systems, ensuring timely and reliable delivery of products nationwide.​
  3. Industrial Estate Development: Through the Java Integrated Industrial and Port Estate (JIIPE) in Gresik, East Java, AKR offers an integrated industrial ecosystem, combining industrial zones, utilities, and port facilities. In 2023, land sales in JIIPE reached 91 hectares, reflecting its growing appeal to both domestic and international investors.

Financial Performance and Operational Efficiency

Despite a challenging global economic environment, AKR demonstrated robust financial performance in 2023:​

  • Revenue: Rp42.09 trillion, a slight decrease from the previous year, attributed to global commodity price fluctuations. ​
  • Net Profit: Rp2.78 trillion, marking a 15.83% year-on-year increase, driven by effective cost management and operational efficiencies. ​
  • EBITDA: Rp4.048 trillion, reflecting a 14% growth, indicative of the company’s strong operational performance.

AKR’s focus on cost optimization led to a 14% reduction in operating expenses, enhancing profitability and shareholder value. ​

JIIPE: A Catalyst for Industrial Growth

The JIIPE project epitomizes AKR’s vision of fostering industrial growth through integrated infrastructure:​

  • Integrated Facilities: Combining industrial zones, utilities, and port facilities, JIIPE offers a one-stop solution for manufacturers and exporters.​
  • Investor Attraction: The strategic location and comprehensive facilities have attracted significant investments, with land sales doubling from 44 hectares in 2022 to 91 hectares in 2023.
  • Future Prospects: With 850 hectares of land ready for development, JIIPE is poised to become a central hub for Indonesia’s industrial expansion.

Commitment to Sustainability and Innovation

AKR’s dedication to sustainable practices is evident in its operational strategies:​

  • Environmental Stewardship: Investments in eco-friendly technologies and processes minimize environmental impact and promote resource efficiency.​
  • Technological Advancements: Adoption of advanced IT systems enhances supply chain transparency and operational efficiency.​
  • Community Engagement: Through various corporate social responsibility initiatives, AKR contributes to community development and social welfare.​

Leadership and Vision

Under the leadership of CEO Haryanto Adikoesoemo, AKR has navigated complex market dynamics with agility and strategic insight. His role in national economic forums, including the National Economic Council, underscores his commitment to Indonesia’s broader economic development. ​

Outlook

Looking ahead, AKR aims to sustain its growth trajectory by:​

  • Expanding JIIPE: Accelerating the development of industrial zones to attract more investors.​
  • Enhancing Logistics Capabilities: Investing in infrastructure to improve distribution efficiency.​
  • Diversifying Offerings: Exploring new markets and product lines to mitigate risks and capitalize on emerging opportunities.​

With a solid foundation, strategic vision, and commitment to excellence, AKR Corporindo is well-positioned to continue driving Indonesia’s industrial and energy sectors forward.

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