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, shortening and biodiesel, as well as merchandising palm products throughout the world.
The Company cultivates approximately 138,000 hectares of oil palm plantations in Indonesia, including plasma smallholders, with higher-than-industry-average fruit yield of 21.38 tonnes per hectare. Our 16 mills extract CPO and PK from FFB, with a total capacity of 4.2 million tonnes per annum.
Our CPO is processed further into value-added bulk, industrial and branded products through our own refineries, with a total capacity of 2.9 million tonnes per annum. The PK is crushed in our kernel crushing plants, which have an annual capacity of 810 thousand tonnes, producing higher-value palm kernel oil and palm kernel meal.
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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