Who we are

PT Sinar Mas Agro Resources and Technology Tbk (PT SMART Tbk) is one of the world’s leading seed-to-shelf agribusinesses. We grow oil palms with farmers and produce food and fuel for today and for the future with sustainability at the heart of our operations.

operation phase

PT SMART Tbk also known as SMART is a subsidiary of Golden Agri Resources (GAR), operating under the Sinar Mas Agribusiness and Food brand in Indonesia. SMART was founded in 1962 and listed on the Indonesia Stock Exchange in 1992.

The sheer scale and vertically integrated nature of our operations enable our team to ensure efficiency, quality and sustainability across our supply chain. Our operations are innovation-driven and sustainability led, to ensure that we remain a global leader in sustainable palm oil production and your partner of choice.

We are at forefront of agronomy and technology, thanks to our focus and investment in R&D. Our downstream refining and specialty product facilities manufacture high-quality products for the global agronomy, food, oleochemical, and bioenergy markets.

With great palm oil production comes great corporate social responsibility. 100 percent of our plantations have social and community development programmes in place.

The GAR Social and Environmental Policy (GSEP) is our roadmap to realising our twin objectives of sustainable growth and leading a sustainable palm oil industry.

SMART’s 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
  • Built new refinery in South Kalimantan.
2011
  • Received first RSPO certification.
2012
2014
  • Received first Indonesian Sustainable Palm Oil (ISPO) certification.
2015
  • Expanded oleochemical facilities in Belawan by 152,000 tonnes per annum.
2016
  • Operated a 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
  • Successfully produced low 3-MCPD oil.
2020
  • Issued corporate bonds totaled Rp 2.18 trillion.
2021
  • Issued corporate bonds totaled Rp 4.8 trillion.
2022
  • Set new record in net sales of Rp 75 trillion and net profit of Rp 5.5 trillion.
  • Issued corporate bonds totaled Rp 2.5 trillion.
  • Completed the expansion of biodiesel plant of 1,500 tonnes per day.
  • Received the 13th IICD Corporate Governance Award 2022 for Top 50 Mid-Capitalization Public Listed Company from the Indonesian Institute for Corporate Directorship.
  • Awarded Overall Winner Sustainable Business Awards Indonesia 2020/21 for outstanding and comprehensive efforts in corporate sustainability by Global Initiatives.
  • Received Subroto Awards 2022 for the category of the Performance of Biofuel Distribution Entity (Biodiesel Type) by the Ministry of Energy and Mineral Resources.
2023
  • Total sales achieved highest volume of 5.5 million tonnes.
  • Awarded Resilience and Sustainable Industry Award, under the category of Industrial Company Emission Reporting from the Ministry of Industry.
  • Received Subroto Awards 2023 under the category of Biodiesel Distribution from the Ministry of Energy and Mineral Resources.
new operation review
As of 31 December 2023