About

PT SMART Tbk (SMART) is a leading, publicly-listed, global seed-to-shelf agribusiness focused on sustainable palm oil production.

SMART primary activities start from cultivating around 138 thousand hectares of oil palm plantations in Indonesia, including plasma smallholders; harvesting and extracting fresh fruit bunches (FFBs) into crude palm oil (CPO) and palm kernel (PK), to processing it  into a broad range of industrial and consumer products such as cooking oil, margarine, shortening, biodiesel and oleo-chemicals, as well as merchandising palm products throughout the world. We operate 16 mills, 4 kernel crushing plants and 4 refineries, across Indonesia.

Besides bulk and industrial oil, our refined products are also marketed under several well-loved consumer brands such as Filma and Kunci Mas. Today, these brands have been recognised for their high quality and command significant market share in their respective segments in Indonesia.

Based in Jakarta, we were founded in 1962 and listed on the Indonesia Stock Exchange in 1992.                             A subsidiary of Golden Agri-Resources (GAR), we have Sinar Mas Oleochemical, SMART Research Institute (SMARTRI), and SMART Biotechnology Centre within our operations.

Brief History

1962
  • Incorporated under the name of PT Maskapai Perkebunan Sumcama Padang Halaban.
1992
  • Listed its shares on the Indonesia Stock Exchange.
2002
  • Started to concentrate on the core business by divesting tea and banana plantations.
2005
2008
  • Refineries were accredited with ISO 22000 certification for food safety management.
  • Building new refinery in South Kalimantan.
2011
  • Received first RSPO certification.
2012
2014
  • Received first Indonesian Sustainable Palm Oil (ISPO) certification.
2015
  • Expanded oleo-chemicals facilities in Belawan by 152,000 tonnes per annum.
2016
  • Operated the first biodiesel plant in South Kalimantan with installed capacity of 1,000 tonnes per day.
2017
  • Launched high-yielding new planting materials – Eka 1 and Eka 2.
  • Achieved 100% Traceability to the Plantation for all owned mills.
2019
  • Received Indonesia Most Innovative Business Award 2019 as the most innovative company in deforestation monitoring technology
  • Received Indonesia Best Issuers Award 2019 in Agriculture Sector from Pikiran Rakyat and ThinknovateComm
  • First low 3-MCPD plant is in operation in Surabaya
2020
  • Achieved record in net sales of Rp 40.4 trillion and EBITDA of Rp 4.1 trillion
  • Received Iconomics Emiten Award 2020 for its well performance well amidst the pandemic
  • Received Top CSR Awards 2020 #Star 5 from Top Buisness for its ability in harmonising business strategies and social responsibility
  • Acknowledged as Indonesia Most Admired Companies by Warta Ekonomi for agribusiness sector
  • Issued corporate bonds totaled Rp 2.18 trillion

Golden Agri-Resources

Golden Agri-Resources Ltd (GAR), SMART’s holding company is one of the largest palm oil plantation companies in the world. Our plantations are located in Indonesia and we manage nearly half a million hectares of palm oil plantations (including smallholder farmers). We are a leading seed-to-shelf agribusiness—from growing oil palms with local farmers to producing food for the present and future.

Sustainability is an essential part of our business and we are guided by our GAR Social and Environmental Policy (GSEP). The GSEP is the roadmap we share with our employees, smallholders, suppliers, and customers as we work together to realise GAR’s vision of a sustainable palm oil industry.

GAR believes that farming palm oil is an effective way to create jobs and alleviate poverty, and provides opportunities for communities to secure a better livelihood for themselves. As one of the largest plantation companies in Indonesia, operating largely in rural and remote areas, we not only play an active role in the well-being of our employees, but also in the wider communities where we operate.

Founded in 1996, GAR was listed on the Singapore Exchange in 1999 and the corporate office is located in Singapore. GAR has other subsidiaries, namely PT Dami Mas Sejahtera, our certified DxP seed producer and supplier and our various businesses in China.

Sinar Mas Oleochemical

Sinar Mas Oleochemical provides a one-stop solution for the supply of oleochemicals in the form of fatty acids, glycerine, and soap noodles. Our Global Sales Office is based in Singapore, and we are represented in Asia, Europe, North America, Africa, the Middle East, and the Indian subcontinent.

With products made from responsibly sourced natural oils and fats from palm oil and palm kernel oil, Sinar Mas Oleochemical and our supply chains are RSPO and GMP-certified for cosmetic ingredients and GMP+B2 certified for feed safety. All products are also Halal, Kosher, and ISO (9001:2008 & 14001:2004) certified.

Sinar Mas Oleochemical was established in 1993. We are a subsidiary of PT SMART Tbk, itself owned by Golden Agri-Resources (GAR).

SMART Research Institute (SMARTRI)

SMART Research Institute (SMARTRI) supports the sustainable development of SMART, through innovation, developing best practices, and an improved oil palm breeding programme. Located in Riau, Indonesia, a significant number of our research programmes are cross disciplinary, such as various breeding programmes to develop planting material that is disease-tolerant (e.g. against Ganoderma disease), drought-resistant or more efficient in nutrient uptake and usage, as well as research into carbon accounting and biodiversity assessment within our plantations.

Our research institute is certified ISO 9001-2008, and the analytical laboratory is certified ISO 9001-2008 as well as accredited ISO 17025.

SMART Biotechnology Centre

SMART Biotechnology Centre is a research facility in Sentul, Bogor operated by our Plant Production and Biotechnology Division. It acts as an innovation hub, coming up with improvements in tissue culture to increase the quality of seed stock that leads to higher productivity per hectare.