Risk Management

In managing business activities and daily operations, the Company has implemented a good risk management system. So that it is always able to identify, analyze, and implement appropriate risk mitigation strategies. This needs to be done to prevent or minimize the negative impacts that could emerge from any risks that may arise at any time.

Risk Identification and Mitigation Efforts

The Company is continuously carrying out a thorough examination of all units and concluded several types of detected and significant risks to the business throughout 2019, such as:

  • Employee turnover
  • Crime and loss
  • Delays of raw materials' arrival
  • Demurrage
  • Late on Product Delivery
  • Miscalculation of taxes
  • Accounting system error
  • Violation of government regulations
  • Natural Gas supply drops
  • Power drop (failure)
  • Power outage (PJB Power Plant trip)
  • Spare parts not available (out of stock)
  • Lack of manpower's competence
  • Environmental pollution
  • Credit risk
  • Currency risk
  • Liquidity risk