25 May 2021

AGII Subsidiary Wins New Contract to Supply Oxygen for TINS


AGII Subsidiary Wins New Contract to Supply Oxygen for TINS

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Jakarta, 25 May 2021 – PT Aneka Gas Industri Tbk (Bloomberg Code: AGII IJ or “the Company”) through its subsidiary PT Samator Gas Industri (“SGI”) has signed a 12-year contract with PT Timah Tbk (Bloomberg Code: TINS IJ or “TINS” ) to build a plant that will provide industrial gas supply needed for the development of tin refining smelter with TSL Ausmelt Furnace technology in Muntok City, West Bangka Regency, Bangka Belitung Islands Province. “This plant development for oxygen supply is a strong indicator that the post-pandemic industrialization process is progressing well,” said the President Director of the Company and SGI, Rachmat Harsono. “Apart from that, for PT Aneka Gas Industri, this agreement is a big step for us in supporting the supply of industrial gas for the business activities of state-owned enterprises (“BUMN”), which in turn indicates a good synergy between private companies and BUMN. This is also in line with AGII’s strategy to further strengthen our position as industrial gas market leader by developing business in the on-site plant or captive sector. By focusing on our respective competitive advantages to further advance the value-added chain in Indonesia’s natural resources industry, this collaboration will support Indonesia in moving further ahead on global competition,” he added.