Pt. Samator Indo Gas Tbk

What Pt. Samator Indo Gas Tbk does

PT Samator Indo Gas Tbk (IDX ticker AGII; formerly PT Aneka Gas Industri Tbk) is the largest industrial and medical gas company in Indonesia, producing and distributing a full portfolio of gases including air gases (oxygen, nitrogen, argon), medical gases, mixed and specialty gases, hydrocarbon gases, electronic gases (purity 3N to 7N), synthetic gases, and helium (up to N6 grade), through 58 manufacturing plants and 103 filling stations across 29 provinces. The company traces its operational lineage to Indonesia's first oxygen plant established in Jakarta in 1916, was formed under its current corporate identity through a 1971 merger of nationalized gas assets, and was rebranded under the Samator Group umbrella in 2022. It is majority-controlled by the Harsono family and has been listed on the Indonesia Stock Exchange since September 2016, with CVC Asia V joining as a strategic investment partner in 2023.

The company's technology base centers on air separation, cryogenic liquefaction and distribution, water electrolysis (green hydrogen), and onsite generation systems including PSA/VPSA and membrane modules. Beyond gas supply, the company monetizes an integrated equipment and services stack — medical supply equipment, the Medigas Multi-Monitor monitoring system (8/11 channel), gas handling and cutting equipment, modular operating theatres, and the Oxypure homecare liquid-oxygen device — creating recurring service revenue on top of bulk gas volumes. Customers span healthcare (hospitals, home oxygen therapy), manufacturing (steel, metallurgy, welding, cutting), infrastructure and construction, consumer goods (notably packaging and food customers recognized with supplier-quality awards), and electronics (semiconductor and solar-panel manufacturers requiring ultra-high-purity gases). Named enterprise customers include PT Timah Indonesia, Pertamina (multi-year Best Vendor awards), and Coca-Cola Amatil Indonesia.

The business model combines subscription-style recurring revenue from long-term bulk supply contracts and homecare refills with one-time equipment sales and specialty-gas trading. Pricing is quote-based, not publicly disclosed, with monthly billing cadence on enterprise contracts. The company sells primarily through a direct enterprise field-sales motion backed by company-owned plants, filling stations, and depot distribution, reaching customers in single-country/domestic scope across Indonesia. Quality and regulatory positioning — SNI certification for core gases, ISO 9001/14001/45001, FSSC 22000, Halal certification from MUI, and a Fitch A(idn) national rating with stable outlook — functions as a procurement gate for hospital, state-owned enterprise, and food customers.

Name

Pt. Samator Indo Gas Tbk

Legal name

PT Samator Indo Gas Tbk

Website

https://samatorgas.com

Company type

Public

Founded year

1971

Operating status

Operating

Short description

PT Samator Indo Gas Tbk is Indonesia's largest industrial gas company, producing and distributing oxygen, nitrogen, argon, medical, specialty, and electronic gases through 58 plants and 103 filling stations across 29 provinces to healthcare, manufacturing, infrastructure, and electronics sectors.

Ownership category

akta.pro rank

Product category

Industrial Gases

NAICS

Industrial Gas Manufacturing (32512), Industrial Gas Manufacturing (325120)

SIC

Industrial Inorganic Chemicals (2810), Chemicals & Allied Products (2800)

akta.pro primary industry

Industrial Gas & Air Separation Equipment (ASU, PSA, Cryogenic Systems) (IMAHAEAI)

akta.pro secondary industries

Electronic Specialty Gases (UHP gases for fabs) (IMAEAKAI), Medical & Healthcare Gases (IMAEACAF), On-Site Gas Generation Systems (IMAEACAJ)

Keywords

• Industrial gas supply
• Medical oxygen systems
• Electronic specialty gases
• Onsite gas generation
• Homecare oxygen therapy

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Industrial Gas Sales: Production, marketing, and distribution of various industrial gases in liquid and gaseous forms including oxygen, nitrogen, argon, medical gases, specialty gases, hydrocarbon gases, electronic gases, synthetic gases, and helium
2. Equipment & Services: Medical supply equipment, onsite generation systems, gas handling and cutting equipment, installation services, and modular operating theatres
3. Homecare Products: Oxypure homecare oxygen therapy devices with periodic liquid oxygen refilling services
4. Specialty Gas Trading: Trading of specialty gases, rare gases and related products

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

PT Samator Indo Gas Tbk produces, markets, and distributes industrial gases (oxygen, nitrogen, argon, medical gases, specialty gases, electronic gases, hydrocarbon gases, synthetic gases, and helium) in liquid and gaseous forms, supported by gas handling equipment, onsite generation systems, medical supply equipment, installation services, and the Oxypure homecare oxygen device. The company operates the largest industrial gas network in Indonesia with 58 plants and 103 filling stations across 29 provinces.

Product overview

PT Samator Indo Gas Tbk operates as an industrial gas company with a multi-category product portfolio comprising core gas products (Air Gases, Medical Gases, Mixed and Specialty Gases, Hydrocarbon Gases, Electronic Gases, Synthetic Gases, Helium, and Other Gases) complemented by Equipment & Services (Medical Supply Equipment, Onsite Generation System, Medical Gas Monitoring System, Packaging Information, Gas Handling & Cutting Equipment, Other Equipment) and consumer homecare product (Oxypure). The company serves diverse industrial sectors including Manufacturing, Healthcare, Consumer Goods, and Infrastructure across Indonesia's 29 provinces through 58 plants and 103 filling stations.

Differentiator

Problem solved

Functional benefit

Brands

• Oxypure: Homecare innovation - a pure oxygen therapy device for liquid oxygen storage and supplying oxygen gas for patients with respiratory disorders.

Products and services

• Air Gases

Quantifiable outcome

• 58 plants and 103 filling stations operational across 29 provinces
• +3 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators12 records

Recent moves11 records

Expansion highlights5 records

Broad incumbents

• Linde plc: World's largest industrial gas company, with significant Asia-Pacific and electronics-gas exposure. Comparable to Samator across air gases, medical gases, and high-purity electronic gases, and competes for the same large multinational and electronics customers in Indonesia.
• Air Liquide: Global leader in industrial and medical gases with extensive Asia-Pacific operations including Indonesia. Directly comparable because it produces the same core air gases (O2, N2, Ar), medical gases, and electronic specialty gases that Samator supplies, but at vastly greater scale and with global procurement leverage.
• Air Products and Chemicals: Major US-headquartered industrial gas player with active hydrogen and on-site gas generation businesses. Comparable to Samator's onsite generation systems, bulk gas supply model, and hydrogen ambitions in Batam.

Regional players

• SOL Group: European-headquartered industrial and medical gas producer expanding into Asia. Comparable to Samator in its combined industrial gas, medical/homecare, and specialty gases mix, but is a smaller-scale regional competitor outside Indonesia.
• Yingde Gases Group: China's largest independent industrial gas supplier, with on-site and bulk supply models similar to Samator's. Comparable as a regional industrial gas champion operating a dense network of plants and pipelines in a single large domestic market.
• Hangzhou Hangyang: Chinese manufacturer of air separation units (ASUs) and industrial gases. Comparable to Samator because both operate on air-separation technology at scale and supply oxygen, nitrogen, and argon to industrial customers across multiple provinces in their domestic market.

Others

• CVC Capital Partners: Global private equity firm that invested in Samator Indo Gas in 2023 as a strategic partner. Included as an ecosystem participant rather than a competitor; relevant context for understanding Samator's governance, capital base, and growth ambitions.

Direct peers

• Messer SE & Co. KGaA: Germany-based industrial gas specialist and the largest privately held player in the industry. Directly comparable as a former shareholder of Samator (via Messer Griesheim, 1996-2004), it competes in the same air gases, medical gases, and specialty gas categories in global markets.
• Iwatani Corporation: Japanese industrial gas company with leading position in hydrogen energy and helium distribution across Asia. Comparable to Samator because of its parallel focus on industrial gases plus emerging hydrogen value chains, an area where Samator is investing in its Batam facility.
• Nippon Sanso Holdings: Japanese-headquartered industrial gas major with strong Asia-Pacific footprint, including electronics gases and on-site supply. Directly comparable as an Asian regional gas producer targeting similar manufacturing and electronics customers and overlapping with Samator's specialty and high-purity product lines.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pt. Samator Indo Gas Tbk