Malaysia’s Petronas Chemicals Group (PetChem)’s subsidiary Petronas Chemicals Marketing Sdn. Bhd. (PC Marketing) and PT AKR Niaga Indonesia (PT ANI), a subsidiary of PT AKR Corporindo Tbk (PT AKR), had signed an agreement to form a joint venture (JV) company to distribute chemicals around Indonesia.
Methanol would be the first product to be distributed to Southeast Asian biggest economy. The JV also aspires to extend the chemical range to include other chemical products in the future.
Haryanto Adikoesoemo, AKR president director and group CEO, stated that the cooperation reflected a significant step in the company's expansion strategy and strengthens its position as one of the major petroleum and chemical distributors in Indonesia.
PetChem managing director and CEO Datuk Sazali Hamzah said having an established local partner in Indonesia with a strong logistic infrastructure and market presence would enable PetChem to grow its network and serve their customers more effectively.
