30 Aug 2021

AGII Announces Semester I-2021 Results, Targets Expansion of Plants and Distribution Facilities

AGII Announces Semester I-2021 Results, Targets Expansion of Plants and Distribution Facilities

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Jakarta, 30 August 2021 – PT Aneka Gas Industri Tbk (Bloomberg Code: AGII IJ or the “Company”) has announced its First Semester 2021 Consolidated Financial Statements for the six-month period ended June 30, 2021 and 2020. In the first semester of 2021, total sales reached IDR 1.3 trillion, increased 25.8% compared to that of Semester-I 2020. Increased demand has prompted the Company to not only optimize business processes and operations, but also prepare expansion plans to accommodate the country’s medical and industrial gas needs in the future.

President Director of AGII, Mr. Rachmat Harsono, said “In mid second quarter of 2021, PT Aneka Gas Industri Tbk was met with a difficult challenge, involving us in helping to secure sufficient medical oxygen supply for hospitals. The significant increase in COVID-19 cases during the span of two to three weeks had put us in a critical position. With proactive support from the Government and distributors, we have prioritized the allocation of medical oxygen for national safety during the period. That being said, our performance in the First Semester of 2021 is highlighted by our commitment to ensure oxygen independence in the Republic of Indonesia through mutual collaboration”.

“In the future, to strengthen the availability of our medical and industrial gases, the Company is planning to expand by adding plants to our existing facilities in several areas, including Central Java and South Kalimantan. Several other strategies that have been implemented include 1) Addition of a liquefaction unit in one of our plants in East Java, 2) Expansion of our oxygen distribution facilities as well as infrastructure, including cylinders and storage tanks for hospitals, and 3) Distribution of Medical Oxygen that was donated by private companies as part of their Corporate Social Responsibility (“CSR”) to the government through the support of our fleet and network which currently includes hundreds of road tankers, 53 factories and 106 branches spread across 28 provinces. The company will continue to ensure that medical oxygen needs are fulfilled and secured, and simultaneously, we will also maintain operational excellence so that we are ready to serve the nation’s industrial gas needs that will continue to increase in line with the economic recovery, of which we look forward to fully support,” he added.