PT Sinar Mas Agro Resources and Technology Tbk (Ticker: SMAR), listed on the Indonesia Stock Exchange, is one of the leading palm-based agribusiness and consumer product companies and our vertically integrated operations are among the most efficient and technologically advanced in the industry. The company is moving to the next level of business transformation, with a shift in focus from growth to profitability, by optimising margin creation across our vertically integrated operations.
Established in 1962, PT Sinar Mas Agro Resources and Technology Tbk (“SMART” or the “Company”) is one of the largest, publicly-listed, integrated palm-based consumer companies in Indonesia. The Company’s primary activities range from cultivating and harvesting oil palm trees, processing fresh fruit bunches (“FFB”) into crude palm oil (“CPO”) and palm kernel (“PK”), to refining CPO into industrial and consumer products such as cooking oil, margarine and shortening.
The Company currently manages palm plantations in Indonesia covering a total area of about 138,700 hectares, including Plasma, with higher-than-industry-average fruit yield of 22.6 tonnes per hectare. With a capacity of 4,200,000 tonnes per annum, our mills extract CPO and PK from the FFB.
Part of our CPO is further processed into value-added branded and bulk products through our refineries, which have a total capacity of 2,880,000 tonnes per annum. A significant portion of our PK is crushed in our kernel crushing plants, producing higher-value palm kernel oil and palm kernel meal. Our kernel crushing plants have a capacity of 480,000 tonnes per annum.
SMART also markets and exports palm-based consumer products. Besides bulk and industrial oil, SMART’s refined products are also marketed under several brands, such as Filma® and Kunci Mas®. Today, these brands are recognised for their high quality and command significant market share in their respective segments in Indonesia.
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