ARWANA IN BRIEF
PT Arwana Citramulia Tbk (Arwana) is a public company listed on the main board of Indonesian Stock Exchange (IDX) and traded under "ARNA" stock code. The Company is dedicated to producing low cost ceramic tiles to serve medium-low segment market nationwide. The products are sold under "Arwana Ceramic Tiles" brand, a brand name that signifying quality product with competitive pricing. In 2011 a brand new ceramic tiles with better quality, namely "UNO," was introduced to capture the medium-high market segment.
Since its initial operation in 1995, Arwana has remained faithful in its core business based on its competence to produce quality products with creative designs. A wide variety of beautiful product-mix is offered including Embossed, Marble, Plain Color, Granity, Strata, Rustic, Fancy Wood and Fancy Decorative. The most common sizes are 20 x 20 cm and 30 x 30 cm. However, the current trend has been growing to 40 x 40 cm. Subway tiles of 20 x 25 cm and 25 x 40 cm for wall tiles has also been developed albeit from a small basis.
Headquartered in Jakarta, Arwana sells the products through its sole distributor, PT Primagraha Keramindo (PGK), the Company's subsidiary, and more than 40 sub-distributors spread in nearly every cities and major towns in Indonesia together with thousands retail outlets. The widely spread marketing network provides consumers with strong local presence, combined with good after sales service.
Our factory is always working on improving our manufacturing and R&D. Arwana has pursued several certifications published by the national institutions as well as regional and international organizations for standardization such as Green Proper and SNI (Indonesia), SIRIM (regional) and ISO (international).
Arwana has three factories located in three places far from each other, namely Plant I and Plant II, located in Tangerang and Serang respectively, mostly serve the market in the western part of Indonesia, and Plant III which is located in Surabaya, mostly serve the eastern part of Indonesia's markets. The most recent expansion was the Plant IV-A in Ogan Ilir, Sumatra which commenced production in September 2013. Arwana plans to increase total annual production capacity from 49,370,000 m² to 63,870,000 m² by 2016.
Amidst the ongoing tension in the real sector, Arwana has been growing rapidly, and would continue to do so in the future. The company's significant growth over the years was attributed in part to the Company's innovative and flexibility in acting on technology trends, which involve both the installation of new scientific and technical methods that benefit
the earth, also referred to as "green technology". Arwana is an environmentally friendly company where the company has won Green Industry Award in 2011, 2012, and 2013. Our company is the first company in Indonesia which obtains ISO 14001 for Environmental Management Systems.
To be the best company in the ceramic industry, full of creativity and innovation, and able to contribute to the development of the country and the society.
Our vision demands a three dimensional mission encompassing:
Purpose of GCG Implementation
PT Arwana Citramulia Tbk realizes that GCG implementation is the best way to achieve the objectives of the Company. Therefore, the Company has always tried to keep the implementation of operational activities run in accordance with the legislation in force for the realization of good business ethics practices.
The implementation of Good Corporate Governance at Arwana aim to:
Implementation of GCG
In the implementation of GCG, the Company has two organs that play a role so important, namely the Main Organ and Supporting Organ.
In accordance with the Continental legal systems adopted by Indonesia, the Main Organ Company consists of the General Meeting of Shareholders (AGM), the Board of Commissioners and Board of Directors. Major organs have a very important role in the implementation of Corporate Governance which is run collectively.
Supporting Organ consists of Committees under the supervision and responsibilities of the Board of Commissioners, Corporate Risk and Internal Audit (CRIA) and Corporate Secretary of the supervision and responsibilities are under the Board of Directors.
Road Map of GCG Implementation
As a form of a shared commitment for the implementation of GCG, PT Arwana Citramulia Tbk has GCG guidelines have been distributed to all employees. This guide is the foundation for the Shareholders, Board of Commissioners, Directors and all employees related to corporate governance process in formulating policies that animates the Company's business practices without ignoring the laws and ethical values.
The books of GCG Guidelines consist of:
This handbook contains all the rules that will guide the implementation of GCG best practices, cultural values, Vision and Mission, as well as further descriptions of the principles of Good Corporate Governance in the policies and rules of procedure.
This book contains about a series of formal structures and processes of the characteristics and essential activities of Board of Commissioners and Directors, as well as the amount of composition and roles and responsibilities.
Revisiting the composition, charters and performance committee are one of the guidelines conducted by the Company in implementing GCG. By discussing Committee charters back, then through his authority, the Committee may be better prepared to face the challenges in the next year.
This system is applied so that the Company can set the standards that are easily identified and easy to follow throughout the Company. Management Control System applies to the behavior of the staff and managers of the Company relating to the accounting and financial lines.
The Company has published Collective Labour Agreement handbook as a source of information about employee performance assessment procedures, compensation and benefits, leave policies, and disciplinary procedures.
Code of Conduct is guidebooks in regulating code of ethics relationship between internal (employees) and external (shareholders, investors, customers, suppliers, government, society, and environment).