PT AKR Corporindo Tbk. hereinafter referred to as “AKR” or the “Company”, has gone through a very long journey in the world of Indonesian and international business. Established in Surabaya on November 28, 1977 under the name of PT Aneka Kimia Raya, based on Deed Number 46 dated November 28, 1977 passed before Sastra Kosasih Notary in Surabaya, AKR initially engaged in trading basic chemicals. The Company built many basic chemical storage tanks and warehouses in several major ports in Indonesia that made the Company the largest chemical distributor in Indonesia in the 1970s.
In 1985 the Company moved its head office to Jakarta and climbed a new chapter in the development of its business by becoming a public company listed on the Indonesia Stock Exchange. The Initial Public Offering (IPO) was held on October 3, 1994 with the AKRA stock code and the Company added to the business sector not only focusing on the trade of basic chemicals.
In 2004, the Company changed the name of the company to PT AKR Corporindo Tbk. along with the addition of the Company’s business lines which no longer only focus on the basic chemicals business. In the articles of association owned, the Company’s activities in addition to chemicals and petroleum and gas; also includes business in the fields of logistics, transportation services, warehouse and tank rental, workshops, expeditions and packaging, building contractors and services (except legal services) as well as conducting business and acting as representatives and/or agencies of other companies both inside and outside the country.
The government recognition of the development of PT AKR’s business in the form of deregulation of the oil and gas sector and in 2005, the Company listed itself as the first national private company operating in the Non-Subsidized BBM business and gained the trust of the Downstream Oil and Gas Regulatory Agency (BPH Migas) to distribute subsidized fuel to several regions in Indonesia since 2010. The Company has implemented an integrated technology system that is innovative in monitoring and controlling the distribution of subsidized fuel. The last year’s achievement obtained by AKR from the Government was the establishment of the Company as an Executing Agency for P3JBT (Executing Agency for the Supply and Distribution of Specific Types of Fuel) for 5 years.
The Company started to collaborate with Pelindo III for the development of JIIPE project in East Java, then the Company also signed Heads of Agreement between AKR and BP for retail cooperation in 2016, also signed Lubricant Distribution Agreement with CASTROL in 2017. The Company formed joint venture with BP Global namely PT Aneka Petroindo Raya to setup BP AKR retail in Indonesia. The Company also incorporated PT Dirgantara Petroindo Raya along with Air BP to expand opportunities in Aviation fuel. With an extensive logistics network, the Company has become one of the largest private distributors in the field of logistics services and solutions for the procurement of petroleum and basic chemicals in Indonesia
In 2018, AKR further strengthened its positioning as a fuel distribution company by opening BP AKR gas stations. Until the end of 2018, there have been 2 (two) BP AKR gas stations located in De Latinos, Serpong and in Jababeka, Cikarang.