The Petrochemicals to Cars Play: Chandra Asri's Ambitious Foray into Automotive Chandra Asri, Indonesia's petrochemical powerhouse, has been expanding its reach beyond energy and chemicals.
With a $208 million deal to acquire Jardine Cycle & Carriage's auto dealership business in Malaysia and Singapore, the company is making a significant foray into the automotive sector.
This move marks a departure from Chandra Asri's core focus but could potentially pay off by capitalizing on Indonesia's growing middle class and increasing demand for personal vehicles.