PT Aneka Gas Industri Tbk

completed

The project involves an equity investment of approximately $11 million in PT Aneka Gas Industri Tbk (http://www.anekagas.com, hereafter referred to as “Aneka Gas” or the “company”), the largest producer and distributor of industrial gases in Indonesia with approximately 30% market share. This investment is in conjunction with an Initial Public Offering (“IPO”) expected to be completed on September 28, 2016, with the listing of the company on the Indonesia Stock Exchange. This Environmental and Social Review Summary (“ESRS”) and Environmental and Social Action (“ESAP”) are being published following completion of the IPO in accordance with IFC’s Delayed Disclosure Procedure as defined in the Access to Information Policy (January, 2012). Through the IPO, Aneka Gas and its Sponsors are selling a 30% stake in the company with proceeds to be used for capital expenditure to refurbish existing production and distribution operations, repay debt and fund additional working capital to support continued growth of the business. Aneka Gas has 22 air separation plants (“ASP”) producing oxygen, nitrogen and argon, 7 oxygen gas plants, 4 dry ice plants, 3 hydrogen plants, 3 carbon dioxide plants, 3 acetylene plants and 2 nitrous oxide plants located throughout Indonesia. In addition, the company has 80 gas filling stations and a fleet of over 600 trucks to deliver its products across the country. Aside from the production of gas, Aneka Gas also trades in liquefied petroleum gas, ammonia and sterilization gas among others, and supplies these to clients. Finally, the company also supplies gas equipment and undertakes installations of such equipment. Going forward the company’s primary focus will be on increasing its distribution network via establishment of filling stations, as opposed to developing new production plants.The company has a diversified client base which includes small and medium enterprises, healthcare sector including hospitals, surgical and medical diagnostic facilities: consumer goods companies such as food and beverage manufacturers; infrastructure related industry such as workshops and other more general manufacturing companies in the steel, glass and petroleum and chemical sectors.