Daily BriefsIndonesia

Daily Brief Indonesia: AKR Corporindo and more

In today’s briefing:

  • AKR Corporindo (AKRA IJ) – Chemicals, Copper, Gold, and Silver


AKR Corporindo (AKRA IJ) – Chemicals, Copper, Gold, and Silver

By Angus Mackintosh

  • AKR Corporindo (AKRA IJ) has secured another major land plot sale at its JIIPE industrial estate in Gresik, with an area of 67 hectares to a Chinese chemical manufacturer.
  • The sale puts the company on track to exceed its full-year target sales for the estate. It has also been divulged that the Freeport Smelter is now 75% complete.
  • AKR Corporindo (AKRA IJ) remains a crucial proxy for the Indonesian economy through its fuel and chemical distribution business, with JIIPE targeting the EV Battery value chain as future tenants. 

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