Jakarta. PT Chandra Asri Tbk (Chandra Asri Group) recently partnered with Bank Mandiri to back transactions and business activities across the petrochemical industry value chain.

The memorandum of understanding (MoU) signed on Monday is expected to pave the way for better integrated and efficient banking services in the sector. Bank Mandiri will provide payment acceptance facilities, banking transaction services, and financial support according to the needs of Chandra Asri Group’s customer partners. 

Chandra Asri Group’s polymer sales director Raymond Budhin said that easier access to financial solutions could help the company develop its business more effectively.

“We appreciate Bank Mandiri for the collaboration and support provided to Chandra Asri Group through this initiative. As an important part of Indonesia’s petrochemical value chain, we see that supporting customers does not stop at providing products but also includes how we can help strengthen the business ecosystem that supports the smooth running of their businesses,” Raymond was quoted as saying in a press statement.

“Through synergy with Bank Mandiri, we can expand the benefits we provide to our customer partners through access to banking services relevant to their business needs. We hope that this collaboration can provide added value for customers, strengthen business relationships, and support the smooth running of activities in the petrochemical industry in Indonesia.”

Senior Executive Vice President of Corporate Banking 1 of Bank Mandiri Eny Kurniasih M. Mukarromah said that this agreement is a concrete step to bring financial services closer to business actors within the Chandra Asri Group ecosystem. 

“Through integrated synergy, we want to help business actors maintain smooth operations and create opportunities for sustainable growth. Connectivity between the industrial and financial sectors can also strengthen competitiveness and create sustainable advantages for the national industry,” Eny said.

Both companies are also expected to optimize service utilization according to the evolving needs of business partners. This initiative is expected to generate a multiplier effect by increasing economic activity, expanding partnership opportunities, and creating jobs in the industrial ecosystem in the long term.

Attending the MoU signing from Chandra Asri Group were Vice President of Commercial & Production Baritono Prajogo Pangestu; Supply Chain Director Francis Ruly Aryawan; Legal & External Relations Director Edi Riva’i. 

Representing Bank Mandiri were Senior Executive Vice President of Corporate Banking 1 Eny Kurniasih M. Mukarromah; Senior Vice President of Corporate Banking Heru Eko Prasetyo; and Senior Vice President of SME Banking 2, Romy Jhonson.

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