PT. Gajah Tunggal Tbk. (GT Tire)
PT. GT Petrochem Industries Tbk
Dipasena (1989 - 1998)
PT. GT Petrochem Industries Tbk.
PT. Andayani Megah was established in 1986 to produce tire
cord. In 1991, PT. Gajah Tunggal acquired PT. Andayani
Megah. Through further acquisitions of polyester, ethylene
glycol plants in 1996, the name Andayani Megah was changed
into PT GT Petrochem Industries. Further expansions and
strategic acquisitions, GTPI has grown into a major player
in petrochemical business. Currently, it operates its
businesses under three divisions namely chemicals,
polyester and nylon.
In the midst of GTPI progressive growth in the
petrochemical industry, it participated and supported the
growth of the industry's development. In 1998, GTPI
operated its new synthetic rubber (SBR) as the one and
only in Indonesia. GTPI has completed construction and
commissioned Indonesia's first ethoxylate plant in 1999
and in the same year, the second polyester plant has been
completed and commissioned as well.
Through the operation of all of its facilities, GTPI was
firmly established as a strong petrochemical company with
a low production cost base, captive sales market and a
diversified revenue system.