Aspindo Mutual
Aspindo Mutual Group (PT.Aspindo) is an Indonesia-based industrial supplier founded in 1980 that manufactures and distributes asphalt, LPG, and Bio-Diesel to infrastructure, FnB, household, and industrial customers nationwide via an owned fleet of 200 trucks, 2 ships, and 4 terminals.
- Company typePrivate
- Founded1980
- HeadquartersSurabaya, Indonesia
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What Aspindo Mutual does
Aspindo Mutual Group (legal entity PT.Aspindo) is an Indonesia-based industrial supplier founded in 1980, headquartered in Surabaya with a warehouse/manufacturing site in Gresik and a branch office opened in Jakarta's SCBD district in 2021. The company is privately held and self-financed, with no disclosed external funding. Its core business is the distribution and manufacturing/mixing of asphalt — supplied in 155kg drums, 30/50kg bags, and 15-tonne bulk — serving infrastructure and construction companies nationwide through a Pertamina-anchored distribution relationship.
The company has expanded its product portfolio into adjacent energy commodities: LPG (50kg for FnB, 12kg and Bright Gas for households) and industrial Bio-Diesel (BBM) meeting MIGAS standards, both distributed across Java Island. Distribution is enabled by owned logistics assets including 4 asphalt terminals, a fleet of 200 tanker trucks for land delivery, and 2 tanker ships for inter-island shipping, each carrying over 150 asphalt drums. Quality positioning is supported by long-standing partnerships with Pertamina and Esso, and Aspindo has accumulated 18 Asphalt Awards and 1 LPG Award, primarily from Pertamina.
Revenue is generated through one-time unit sales across all product lines, with inquiry-based direct sales via website, email, and WhatsApp as the primary go-to-market motion. A new seafood export/import vertical is being developed in partnership with KML Group (PT. Kelola Mina Laut), representing a diversification beyond energy and infrastructure. The company targets four customer segments: infrastructure/construction enterprises, FnB businesses, households, and industrial manufacturers, with vertical-segmented positioning and no recurring-revenue or subscription model.
Aspindo Mutual firmographics
Firmographics- Name
- Aspindo Mutual
- Legal name
- PT.Aspindo
- Website
- https://aspindogroup.com
- Company type
- Private
- Founded year
- 1980
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Aspindo Mutual Group (PT.Aspindo) is an Indonesia-based industrial supplier founded in 1980 that manufactures and distributes asphalt, LPG, and Bio-Diesel to infrastructure, FnB, household, and industrial customers nationwide via an owned fleet of 200 trucks, 2 ships, and 4 terminals.
- Ownership category
- akta.pro rank
Aspindo Mutual industry classification
Industry- Product category
- Industrial Materials & Energy Distribution
- NAICS
- Petroleum Refineries (32411), Petroleum Bulk Stations and Terminals (424710), Petrochemical Manufacturing (32511)
- SIC
- Petroleum Refining (2911), Wholesale-Chemicals & Allied Products (5160), Chemicals & Allied Products (2800)
- akta.pro primary industry
- Refinery Blending & Product Quality Control (Gasoline/Diesel/Jet Blending, Additives) (EUALAGAJ)
Keywords
Where Aspindo Mutual is headquartered
LocationHeadquarters
- HQ city
- Surabaya
- HQ country
- Indonesia
- HQ region
- Asia
Offices3 records
Markets served
Aspindo Mutual business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Infrastructure, Personnel, Marketing or Sales
Revenue model
- Asphalt Sales: Sale of asphalt products in various forms (Drums, Bulk, Platinum Bag) to infrastructure and construction companies. Products are shipped nationwide. Revenue is generated through direct product sales with no mention of recurring revenue model.
- LPG Sales: Sale of LPG products (50kg, 12kg, Bright Gas) to FnB industry and households across Java Island. Business has been operating for 3-4 years with gradual expansion.
- Bio-Diesel (BBM) Sales: Sale of industrial Bio-Diesel fuel to businesses across Java Island. Utilizes existing infrastructure and fleet for distribution.
- Seafood Export/Import: New business segment in partnership with KML Group for seafood export and import operations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Asphalt products - Drum, Bag, and Bulk formats |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Aspindo Mutual product offering
Product offeringCore offering
Aspindo Mutual Group manufactures and distributes industrial asphalt products (Drum 155kg, Bag 30/50kg, Bulk 15 tonnes), liquefied petroleum gas (LPG 50kg, 12kg, Bright Gas), and industrial Bio-Diesel fuel (BBM). The company supplies these energy and infrastructure products to construction companies, FnB businesses, and industrial manufacturers primarily across Java Island and nationwide in Indonesia, leveraging an owned logistics fleet and strategic partnerships with Pertamina and Esso.
Product overview
Aspindo Mutual Group operates as an industrial supplier offering a diversified product portfolio centered on energy and infrastructure materials. The core offerings include three asphalt variants (Drum Asphalt in 155kg drums, Bag Asphalt in 30-50kg sizes, and Bulk Asphalt at 15 tonnes), three LPG products (50kg for restaurants, 12kg for households, and Bright Gas for apartments), bio-diesel fuel for industrial use, and an upcoming seafood import-export business via partnership with KML Group. With 31 years of experience since founding in 1980, the company ships asphalt products nationwide while LPG and bio-diesel operations currently serve Java Island.
Differentiator
Problem solved
Functional benefit
Products and services
- Aspal Drum (Drum Asphalt) Penetration grade 60/70 asphalt supplied in 155kg net weight drums meeting international quality standards, shipped nationwide across Indonesia to infrastructure and construction companies.
- Aspal Karung (Bag Asphalt) Asphalt packaged in 30kg and 50kg net weight bags, shipped nationwide across Indonesia for infrastructure and construction use.
- Aspal Curah (Bulk Asphalt) Bulk asphalt supplied in 15 tonnes net weight shipments delivered across Java Island for large-scale road and infrastructure projects.
- LPG 50kg Liquefied petroleum gas in 50kg net weight cylinders designed for restaurant and small/medium business cooking needs, supplied across Java Island.
- LPG 12kg Standard 12kg net weight LPG cylinder suitable for household cooking needs across Java Island.
- Bright Gas LPG variant available in 12kg and 5.5kg net weights designed for apartment residential use.
- Bio-Diesel (BBM) Industrial Bio-Diesel fuel available in local and import variants with low sulfur content meeting MIGAS quality standards, shipped across Java Island to industrial businesses using Aspindo's existing tanker fleet.
Quantifiable outcome
- 31+ years of industry experience and multiple distributor awards demonstrate established track record
- +1 more outcomes
Companies that use Aspindo Mutual
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles3 records
Aspindo Mutual technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Aspindo Mutual partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- PT.PertaminacoreStrategic partnership with PT.Pertamina, Indonesia's national oil company. Aspindo serves as a bitumen/asphalt distributor for Pertamina. The partnership enables Aspindo to provide industrial-quality asphalt with quality assurance. Aspindo has received multiple awards from Pertamina including 'The Best Bitumen Distributor'. Products are branded with Pertamina quality standards.
- EssocorePartnership with Esso, a major international energy company. Aspindo partners with Esso to provide industrial-level quality asphalt products. The partnership involves thorough quality checking of measurements and specifications for each project.
- KML Group (PT.Kelola Mina Laut)minorPartnership with KML Group (PT.Kelola Mina Laut) for seafood export and import business. This represents Aspindo's diversification into the seafood industry, expanding beyond energy products. KML Group provides market access and expertise in seafood exports and imports.
Scale indicators7 records
Recent moves6 records
Expansion highlights5 records
Aspindo Mutual competitors and assessment
Company assessmentRegional players
- PT Adhi Karya (Persero) Tbk: Indonesian state-owned construction and infrastructure contractor with major road and toll road projects. Comparable as an enterprise customer for asphalt supply and a key demand-side counterpart in the same Indonesian infrastructure cycle that drives Aspindo's volume.
- PT Hutama Karya (Persero): Indonesian state-owned construction enterprise and one of Aspindo's largest asphalt buyer profiles in road and highway infrastructure. Comparable as an enterprise customer in the asphalt value chain, providing direct visibility into the demand pattern Aspindo's national distribution serves.
Broad incumbents
- PT Pertamina (Patra Niaga / Pertamina Patra Logistik): Indonesia's state-owned national oil company and Aspindo's core supply partner. Pertamina operates across upstream, refining, and downstream distribution of all petroleum products including bitumen, LPG, and industrial fuels, making it both a supplier and a near-substitute for Aspindo's distribution activities across every product line.
- PT Barito Pacific Tbk: Indonesian petrochemical and energy conglomerate with interests in refining, LPG, and downstream chemical distribution. Comparable as a diversified Indonesian energy distribution peer operating across multiple petroleum-related product lines.
- PT Pertamina Patra Niaga: Pertamina's downstream subsidiary handling fuel, LPG, and lubricants distribution nationwide. Comparable as the dominant LPG distribution platform that Aspindo's LPG agent business is structurally plugged into, and competes with for large FnB and household accounts.
- Shell Indonesia: Multinational energy major with Indonesian downstream operations spanning LPG, industrial fuels, and lubricants. Comparable as a broad incumbent LPG and industrial fuel distributor competing for the same FnB and industrial customers in Java and across Indonesia.
- PT Surya Esa Perkasa: Indonesian energy company operating in natural gas processing, LPG, and petrochemical distribution. Comparable as an Indonesian downstream petroleum products distributor with LPG and industrial energy offerings, similar to Aspindo's LPG and BBM lines.
Direct peers
- PT Asiapacific Bitumen Industries: Indonesian bitumen and asphalt emulsion manufacturer operating in the same product category as Aspindo's asphalt line. Comparable as a direct competing supplier in the Indonesian bitumen market with parallel B2B sales to infrastructure and road construction customers.
- PT Trimitra Trans Persada: Indonesian logistics and bulk fuel/LPG transportation operator. Comparable to Aspindo's owned fleet (trucks and tanker ships) operations, serving the same industrial and energy customers with bulk liquid transportation across Java and inter-island.
- PT Samator Indo Gas: Major Indonesian industrial and specialty gas distributor including LPG, with nationwide distribution. Comparable to Aspindo's LPG business in serving FnB and household customers with bulk and cylinder formats, and competes in the same Java and inter-island distribution channels.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Aspindo Mutual social profiles
Digital presenceAspindo Mutual financial estimates
Financial estimateRevenue estimate
Valuation estimate
Aspindo Mutual leadership team
Management profileNumber of profiles
Aspindo Mutual funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Aspindo Mutual M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Aspindo Mutual
What does Aspindo Mutual do?
Aspindo Mutual Group manufactures and distributes industrial asphalt products (Drum 155kg, Bag 30/50kg, Bulk 15 tonnes), liquefied petroleum gas (LPG 50kg, 12kg, Bright Gas), and industrial Bio-Diesel fuel (BBM). The company supplies these energy and infrastructure products to construction companies, FnB businesses, and industrial manufacturers primarily across Java Island and nationwide in Indonesia, leveraging an owned logistics fleet and strategic partnerships with Pertamina and Esso.
Is Aspindo Mutual a public or private company?
Aspindo Mutual is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Aspindo Mutual founded?
Aspindo Mutual was founded in 1980. It employs 1 to 10 people.
Where is Aspindo Mutual based?
Aspindo Mutual is headquartered in Surabaya, Indonesia, in the Asia region.
How does Aspindo Mutual make money?
Four revenue lines are on record. Asphalt Sales are the primary driver. The others are LPG Sales, bio-Diesel (BBM) Sales and seafood Export/Import.
Who are Aspindo Mutual's main competitors?
Regional players on record are PT Adhi Karya (Persero) Tbk and PT Hutama Karya (Persero). Broad incumbents are PT Pertamina (Patra Niaga / Pertamina Patra Logistik), PT Barito Pacific Tbk, PT Pertamina Patra Niaga, Shell Indonesia and PT Surya Esa Perkasa. Direct peers are PT Asiapacific Bitumen Industries, PT Trimitra Trans Persada and PT Samator Indo Gas.
Does Aspindo Mutual have an API?
No public API is recorded for Aspindo Mutual.
What industry is Aspindo Mutual in?
Aspindo Mutual's product category is Industrial Materials & Energy Distribution. Its primary akta.pro industry code is EUALAGAJ, Refinery Blending & Product Quality Control (Gasoline/Diesel/Jet Blending, Additives). Its NAICS code is 32411 and its SIC code is 2911.