Astra International (ASII)
PT Astra International Tbk was
established in 1957 in Jakarta as a general trading company under the
name Astra International Inc. In 1990, for the purpose of the Company’s
Initial Public Offering (IPO), the name of the Company changed to PT
Astra International Tbk, followed by listing its shares on the Indonesia
Stock Exchange under the ticker code ASII. Market capitalization of
Astra as at the end of year 2017 was Rp 333.0 trillion.
Pursuant to the articles of association, the Company may engage in the
following business activities: general trading, industry, mining,
transportation, agriculture, construction, services and consultancy. By
2018, Astra has expanded its business by implementing a business model
based on synergies and diversification within seven business segments,
consisting of:
- Automotive.
- Financial Services.
- Heavy Equipment, Mining, Construction, & Energy.
- Agribusiness.
- Infrastructure and Logistics,
- Information Technology.
- Property.
With a diversified business, Astra has touched various aspects of the
nation’s life through its products and services. In everyday life, the
people of Indonesia use motorcycles and cars, toll roads, printers, as
well as financial services, banking and insurance from Astra. Business
owners partnering with Astra using a variety of commercial vehicles,
heavy equipment, logistics services, information technology systems and
mining services from Astra. Many products, including palm oil, coal and
motor vehicles continue to be exported, thus allowing Astra to
contribute in generating foreign exchange revenues for the country.
At the end of 2018, Astra’s business
operations across Indonesia are run through 229 subsidiaries, joint
ventures and associates, and supported by 224,488 employees. As one of
the nation’s largest business groups today, Astra has built a strong
reputation through a diverse and quality products and services offering,
with due observance to good corporate governance and environmental
governance standards.
Astra continually
aspires to become a corporate citizen that is considered to be a pride
of the nation, one who is actively involved in the national efforts to
improve the welfare of the Indonesian people. To this end, Astra runs
business activities by a balanced combination of the business’
commercial interests and non-business contributions through ongoing
social responsibility programs focused on four basic areas: education,
environment, small and medium enterprises (SME) development and health. Astra International (ASII) History
Astra International (ASII)
Astra International (ASII)