Chandra Asri stock: Capacity target rises to 21 million tons

Chandra Asri is expanding its business beyond cyclical petrochemicals as it targets production capacity of about 21 million tons in 2027. The strategy was outlined by company executive Suryandi in Jakarta on November 2 and reported by Industry.co.id on November 13, 2026.

Three Pillars Drive Expansion

The company is building three business pillars: energy and chemicals, integrated infrastructure, and mobility solutions. Management said the aim is to diversify revenue and reduce reliance on the petrochemical cycle, which is exposed to shifts in oil prices, supply and demand, and global conditions.

Chandra Asri's CA-EDC project was reported to be 85 percent complete and is targeted to begin commercial operations in 2027. The facility is planned to produce 400,000 tons of caustic soda and 500,000 tons of ethylene dichloride annually. The project is intended to support domestic chemical demand and import substitution.

Adjusted Results Show Recovery

For the first nine months of 2026, revenue reached about USD 8.2 billion, compared with about USD 5 billion a year earlier. EBITDA rose to nearly USD 1 billion from negative USD 32 million, while net income reached USD 395 million versus a loss of USD 153 million.

The comparison was adjusted for approximately USD 1.7 billion of one-time negative goodwill linked to the 2025 acquisition of Shell assets in Singapore. That adjustment matters for investors because the reported year-on-year change otherwise combines operating performance with a major accounting effect.

Company Business And Competition

Chandra Asri Group provides energy, chemical and infrastructure solutions, with its core operations in Indonesia and regional activities including Singapore. Its portfolio includes petrochemical products, a naphtha cracker, chlor-alkali and ethylene dichloride facilities, utilities, logistics, and mobility businesses. The company describes itself as Southeast Asia's leading integrated petrochemical company; its regional peer set includes Singapore-based Aster, Malaysia's Lotte Chemical Titan and Thailand's PTT Global Chemical, while Chandra Asri has a particularly strong Indonesian industrial position. Chandra Asri Group identifies chemicals, infrastructure, trading and energy as its main business areas.

Investors tracking Indonesia's industrial cycle can follow broader developments through Current market reports.

More company-specific updates are available in More news and analyses on Chandra Asri stock.