About

About

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

Our palm oil plantations cover more than 138,000 hectares (including smallholder farmers). Our primary activities are cultivating and harvesting oil palms, processing fresh fruit bunches (FFBs) into crude palm oil (CPO) and palm kernel, and refining CPO into value-added products such as cooking oil, margarine, and shortening. We own 46 mills and operate eight downstream facilities that manage refining and kernel crushing operations, across Indonesia.

Besides bulk and industrial oil, our refined products are also marketed under several brands 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.

SMART 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. Received ISO 9001 certification for quality management of mills.
2003	CPO production reached 343,000 tonnes. Received ISO 14001 certification for environmental management.
2005	Completed conversion of US$ 205 million shareholder’s loan into equity. 1-to-5 stock split. Became an active member of Roundtable on Sustainable Palm Oil (RSPO).
2006	Became the signatory of United Nations Global Compact (UNGC). SMART Research Institute (SMARTRI) received ISO17025 certification for competence of testing and calibration laboratories.
2008	Refineries were accredited with ISO 22000 certification for food safety management. Building new refinery in South Kalimantan.
2009	CPO production reached 640,000 tonnes. Received Human Resources Excellence Award.
2010	Received the agriculture products exporter award from the Ministry of Agriculture. Commenced operation of a new refinery in West Java.
2011	Received first RSPO certification.
2012	Achieved record CPO production of 765,000 tonnes. Received first International Sustainability & Carbon Certification (ISCC) certification. Successfully issued corporate bonds totalled Rp 1 trillion.
2014	Received the 2014 Primaniyarta Award as Global Brand Creator and Outstanding Winner for Five Times Achievement from the Ministry of Trade of the Republic of Indonesia. For three years in a row, SWA magazine and Business Digest awarded FILMA with 1st Champion of Indonesia Original Brands 2014. Received first Indonesian Sustainable Palm Oil (ISPO) certification.
2015	Completed the expansion of oleochemical facilities in Belawan with capacity of 152,000 tonnes per annum.
2016	Operated a new biodiesel plant in South Kalimantan with capacity of 300,000 tonnes per annum. Received Sustainable Business Award for the category of The Best Land Use, Biodiversity and the Environment from the partnership of Indonesia Business Council for Sustainability Development (IBCSD), Global Initiatives and PricewaterhouseCoopers (PwC). Received Social Business Innovation Award under the Agribusiness category from Warta Ekonomi magazine in consultation with the Ministry of Environment and Forestry.

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 more than 500,000 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.