30 World’s Largest Palm Oil Companies from Indonesia in 2023
30
World’s Largest Palm Oil Companies from Indonesia- According
to the Annual Report of Palm Oil Companies in 2023, there are 30 World’s
Largest Palm Oil Companies from Indonesia. These data were obtained from the
Annual Report of Palm Oil Companies in 2023.
Commonly, oil palm trees (Elaeis guineensis Jacq.) is one of the
world's most planted tree species in 2023. Many countries including Indonesia
planted this agricultural commodity because of the usefulness in making palm
oil, soap, cosmetics, and other derivative products. Statistically, total world's
production of Oil Palm Fruit in 2021 reached 416 million tons with harvested
areas around 29 million hectares (ha) and this oil still became one of the
world's most consumed vegetables oils.
Specifically, in countries statistics,
Indonesia still becomes the world's biggest country producer of oil palm fruits
in 2021. According to FAO Statistical Corporate Database (FAOSTAT), the
production of oil palm fruit from Indonesia in 2021 reached 256 million tons.
In this country, the production of oil palm fruits cannot be separated by
contributions of corporations in Indonesia. Many companies in Indonesia give a
positive contribution to boost the production of oil palm fruits in Indonesia.
Overall, there are the 30 World’s Largest
Palm Oil Companies from Indonesia in 2023. These data were obtained from the
Annual Report of the company in 2023. The companies that we analysed in this
article are in public companies’ status. These companies have listed in stock
markets, meanwhile the closed companies cannot be analysed because of
inabilities of access into financial reports. So, in this article, we do not
analyse the closed companies.
The Total Assets and Liabilities of Palm Oil Companies from Indonesia in 2023
|
Ranks |
Name of Palm Oil Companies |
Total Assets |
Total Assets |
Total Liabilities |
Total Liabilities |
|
In Indonesian Rupiah (IDR) |
(in US Dollar (USD)) |
In Indonesian Rupiah (IDR) |
(in US Dollar (USD)) |
||
|
1 |
Wilmar
International |
297,049 billion |
18,120
million |
140,262
billion |
8,556
million |
|
2 |
Sinar
Mas Agro Resources and Technology |
39,716 billion |
2,422
million |
20,644
billion |
1,259
million |
|
3 |
Salim
Ivomas Pratama |
35,012 billion |
2,135
million |
13,293
billion |
849
million |
|
4 |
First
Resources |
29,081 billion |
1,774
million |
6,114
billion |
373
million |
|
5 |
Astra
Agro Lestari |
28,846 billion |
1,759
million |
6,280
billion |
383
million |
|
6 |
Tunas
Baru Lampung |
25,883 billion |
1,578
million |
17,680
billion |
1,078
million |
|
7 |
Bumitama
Agri |
19,233 billion |
1,173
million |
3,796
billion |
231
million |
|
8 |
Dharma
Satya Nusantara |
16,178 billion |
986
million |
7,288
billion |
444
million |
|
9 |
Triputra
Agro Persada |
13,867 billion |
845
million |
2,527
billion |
154
million |
|
10 |
PP
London Sumatra Indonesia |
12,514 billion |
763
million |
1,166
billion |
71.1
million |
|
11 |
Sawit
Sumbermas Sarana |
11,810 billion |
720
million |
9,820
billion |
599
million |
|
12 |
Eagle
High Plantations |
10,183 billion |
621
million |
7,991
billion |
487
million |
|
13 |
Sampoerna
Agro |
10,067 billion |
614
million |
4,555
billion |
277
million |
|
14 |
Austindo
Nusantara Jaya |
10,065 billion |
614
million |
3,081
billion |
188
million |
|
15 |
FAP
Agri |
8,634 billion |
526
million |
4,570
billion |
278
billion |
|
16 |
Sumber
Tani Agung Resources |
6,681 billion |
407
billion |
1,877
billion |
114
billion |
|
17 |
Teladan
Prima Agro |
5,423 billion |
330
million |
2,965
billion |
180
million |
|
18 |
Bakrie
Sumatera Plantations |
4,559 billion |
278
million |
10,492
billion |
640
million |
|
19 |
Citra
Borneo Utama |
4,336 billion |
264
million |
3,433
billion |
209
million |
|
20 |
Palma
Serasih |
4,181 billion |
255
million |
1,944
billion |
118
million |
|
21 |
Jaya
Agra Wattie |
3,656 billion |
223
million |
2,674
billion |
163
million |
|
22 |
Jhonlin
Agro Raya |
3,652 billion |
222
million |
2,211
billion |
134
million |
|
23 |
Mahkota
Group |
2,680 billion |
163
million |
2,159
billion |
131
million |
|
24 |
Pradiksi
Gunatama |
2,591 billion |
158
million |
965
billion |
58
million |
|
25 |
Gozco
Plantations |
2,118
billion |
132
million |
949
billion |
59
million |
|
26 |
Cisadane
Sawit Raya |
1,842 billion |
112
million |
727
billion |
44
million |
|
27 |
Pinago
Utama |
1,489 billion |
90.9
million |
692
billion |
42.2
million |
|
28 |
Menthobi
Karyatama Raya |
1,331 billion |
81
billion |
747
million |
45.4
million |
|
29 |
Andira
Agro |
378 billion |
23
million |
195
billion |
11
million |
|
30 |
PT
Pulau Subur |
168 billion |
10.2
million |
6.1
billion |
0.3
million |
|
Source: Annual Report, 2023 |
|||||
|
Currency Rate: |
|||||
|
1 US Dollar (USD) = 16,000
Indonesian Rupiah (IDR) |
|||||
The assets and liabilities above can be
obtained from the Balance sheet of the company in 2023. Balance sheet describes
the conditions of financial position of the company in running the business.
The Balance sheet consists of assets, liabilities, and equities. Of the data
above, the biggest nominal value of total assets is Wilmar International, Sinar
Mas Agro Resources and Technology, Salim Ivomas Pratama, First Resources, Astra
Agro Lestari, Tunas Baru Lampung, and Bumitama Agri.
The Revenue and Net Income / Losses of Palm Oil Companies from Indonesia in 2023
|
Ranks |
Rank
of Companies |
Total
Revenue |
Total
Revenue |
Net
Income / Loss |
Net
Income / Loss |
|
(Indonesian
Rupiah (IDR)) |
(in
US Dollar ($)) |
(Indonesian
Rupiah (IDR)) |
(in
US Dollar ($)) |
||
|
1 |
Wilmar International |
1,109
trillion |
67,155
million |
27,180
billion |
1,658
million |
|
2 |
Bumitama Agri |
15,443
billion |
943
million |
2,931
billion |
178
million |
|
3 |
First Resources |
16,066
billion |
980
million |
2,377
billion |
145
million |
|
4 |
Triputra Agro Persada |
8,325
billion |
507
million |
1,661
billion |
101
million |
|
5 |
Astra Agro Lestari |
20,745
billion |
1,265
million |
1,088
billion |
66.6
million |
|
6 |
Sumber Tani Agung Resources |
5,285
billion |
322
million |
1,051
billion |
64
million |
|
7 |
Salim Ivomas Pratama |
16,002
billion |
976
million |
926
billion |
56.4
million |
|
8 |
Sinar Mas Agro Resources and
Technology |
66,531
billion |
4,508
million |
918
billion |
55.9
million |
|
9 |
Dharma Satya Nusantara |
9,498
billion |
579
million |
841
billion |
51
million |
|
10 |
PP London Sumatra
Indonesia |
4,183
billion |
255
million |
760
billion |
46.4
million |
|
11 |
Tunas Baru Lampung |
15,317
billion |
934
million |
612
billion |
37.3
million |
|
12 |
Palma Serasih |
2,049
billion |
124
million |
549
billion |
33.3
million |
|
13 |
Sawit Sumbermas Sarana |
10,703
billion |
652
million |
515
billion |
31.4
million |
|
14 |
Teladan Prima Agro |
4,007
billion |
244
million |
451
billion |
27.5
million |
|
15 |
Sampoerna Agro |
5,620
billion |
342
million |
440
billion |
26.8
million |
|
16 |
Pradiksi Gunatama |
868
billion |
53
million |
196
billion |
11.9
million |
|
17 |
Pinago Utama |
2,037
billion |
124
million |
191
billion |
11.6
million |
|
18 |
FAP Agri |
5,065
billion |
309
million |
161
billion |
9.8
million |
|
19 |
Eagle High Plantations |
4,204
billion |
256
million |
159
billion |
9.6
million |
|
20 |
Cisadane Sawit Raya |
875
billion |
53.3
million |
146
billion |
8.9
million |
|
21 |
Citra Borneo Utama |
10,319
billion |
629
million |
144
billion |
8.7
million |
|
22 |
Jhonlin Agro Raya |
4,442
billion |
270
million |
77.2
billion |
4.7
million |
|
23 |
Menthobi Karyatama Raya |
710
billion |
43.3
million |
51.3
billion |
3.1
million |
|
24 |
Austindo Nusantara Jaya |
3,868
billion |
236
million |
31.1
billion |
1.9
million |
|
25 |
PT Pulau Subur |
61.6
billion |
3.7
million |
26.1
billion |
1.3
million |
|
26 |
Bakrie Sumatera
Plantations |
2,405
billion |
146
million |
26.1
billion |
1.5
million |
|
27 |
Gozco Plantations |
744
billion |
46.5
million |
15.7
billion |
0.98
million |
|
28 |
Andira Agro |
219
billion |
13.3
million |
(-55.9
billion) |
(-3.4
million) |
|
29 |
Mahkota Group |
5,425
billion |
330
million |
(-172
billion) |
(-10
million) |
|
30 |
Jaya Agra Wattie |
896
billion |
54.6
million |
(-303
billion) |
(-18.4
million) |
|
Source: Annual Report, 2023 |
|||||
|
Currency Rate: |
|||||
|
1 US Dollar (USD) = 16,000
Indonesian Rupiah (IDR) |
|||||
Besides ranking based on Assets, we also
ranked the palm oil companies based on net income. Commonly, the revenue and
net income of the company was obtained from Income Statements of Annual Report
in 2023. Commonly, Income Statements can describe the business performance of
the company in specific time. Overall, in the rank table above, the highest net
income in 2023 is Wilmar International, Bumitama Agri, First Resources,
Triputra Agro Persada, and Astra Agro Lestari.
Brief Description of 30 World’s Largest Palm Oil Companies from Indonesia
1.
Wilmar International
Wilmar
International Limited, founded in 1991 and still headquartered in Singapore. To
date, Wilmar International is one of Asia's leading agribusiness groups
specifying in Palm Oil Industries and supported by a multinational workforce of
about 100,000 people. As of 2023, in palm oil industries, the total production
of Fresh Fruit of Bunches reached 4.5 million tons. In addition, Wilmar also
has managed a total planted area of oil palm plantation reaching 231,697
hectares (ha) as of 31 December 2023 and all the plantations located in several
locations, of 65% is in Indonesia, 26% in East Malaysia and 9% in Africa.
Financially,
according to Wilmar International’s annual report in 2023, this company has
total assets of around USD 18,120 million with total liabilities of USD 8,556
million. In terms of business performance in 2023, Wilmar International gained
total revenue of USD 67,155 million and successfully gained net income of USD
1,658 million.
2. Sinar Mas Agro Resources and Technology (Smart)
Sinar Mas Agro
Resources and Technology (SMART) was an agribusiness oil palm company that was
founded in 1962. Sinar Mas Agro Resources and Technology is still a subsidiary
of Sinar Mas Group. This Group was founded by Eka Tjipta Widjaja (1921-2019). In the beginning period, the name
of SMART was PT Maskapai Perkebunan Sumcama Padang Halaban.
Along with
business development, SMART has managed around 134.000 hectares (ha) oil palm
plantations in Indonesia, including partnership land area with local farmers.
Beside its agronomy activity, Sinar Mas
Agro Resources and Technology also process the harvested fruits into some
delivered products, namely cooking oil, margarine, shortening, biodiesel,
oleochemicals and other derivative products. In processing facilities, Sinar Mas Agro Resources and Technology operates
16 mills with a combined installed annual capacity of 4.35 million tons. In
Indonesia, some final products from processed palm oil of Sinar Mas Agro Resources and Technology can be found in Filma dan Kunci Mas brands. Many Indonesian people still use these products
in the cooking process.
Financially,
according to Sinar Mas Agro Annual Report in 2023, this company has total
assets around USD 2,422 million
with total liabilities around USD 1,259 million. Based on business performance
in 2023, Sinar Mas Agro can generate total revenue around USD 4,508 million
with net Income around USD 55.9 million.
3. Salim Ivomas Pratama
Salim Ivomas Pratama is an agribusiness
company owned by Salim Group (Indofood). Historically, this company was founded
in 1992. To Date, this group of companies was led by Anthony Salim. Until 2023,
in Indonesia, Salim Ivomas had a total planted oil palm area of 293,429
hectares of oil palm spreading across Riau, North Sumatra, South Sumatra, West
Kalimantan, East Kalimantan, Central Kalimantan. In processing facilities, Salim Ivomas Pratama has 27 palm oil
mills across Sumatra and Kalimantan with a combined Fresh Fruit Bunches (FFB)
processing capacity around 7.2 million tons per annum. In 2023, based on
performance, total fresh fruit bunches of salim reached 3.6 million tons with
Crude palm Oil (CPO) production around 708 thousand tons. Some of the final
products from Salim Ivomas are consumer cooking oil products under the brands Bimoli, Bimoli Special, and Happy,
while consumer margarine products are marketed under the brands Amanda, Palmia,
and Royal Palmia.
Financially, in 2023, according to Salim Ivomas Annual Report, this company has total assets around USD 2,135 million with total liabilities around USD 849 million. Based on the business performance, Salim in 2023 can generate revenue around USD 976 million with net income around USD 56.4 million.
4. Astra Agro Lestari
Astra Agro Lestari is an agribusiness
company that was founded in 1988. This company still became the subsidiary
company of Astra International. To Date, Astra Agro Lestari manages an oil palm
area of 285,387 hectares spread over the island of Sumatra, Kalimantan, and
Sulawesi. From this area, 213,518 hectares are self-managed plantations while
72,229 hectares are partnership plantations with local farmers. Furthermore, in
terms of production, Total Fresh Fruit Bunches of Astra Agro Lestari in 2023
reached 4.3 million tons with total production of Crude Palm Oil (CPO) reaching
1.2 million tons.
Financially, according to Astra Agro Lestari’s annual report in 2023, Astra Agro Lestari has total assets around USD 1,759 Million with total liabilities around USD 383 million. Based on the business performance in 2023, Astra Agro Lestari can generate revenue around USD 1,265 million with net income around USD 1,265 million.
5. First Resources
Established in 1992, First Resources still
managed over 213,421 hectares of oil palm plantations spreading across the
Riau, East Kalimantan, and West Kalimantan provinces of Indonesia. Commonly,
this company cultivates oil palms, harvesting the fresh fruit bunches (FFB) and
milling them into crude palm oil (CPO) and palm kernel (PK). In the year of
2023, First Resources successfully produced Total Fresh Fruit Bunches (FFB)
reaching 3.5 million tons and Crude Palm Oil (CPO) achieving 951,425 tons.
Financially, in 2023, according to First
Resources’ annual report, First Resources has total assets around USD 1,774
million with total liabilities around USD 373 million. Based on the business
performance in 2023, First Resources can generate revenue around USD 980
million with net income around USD 145 million.
6.
Tunas Baru Lampung
Tunas Baru Lampung started the business in
1973 and is still one of the subsidiary companies of Sungai Budi Group.
Operationally, Tunas Baru Lampung managed the Oil Palm around 79,820 hectares
(Ha) spread over Lampung, South Sumatera, North Borneo. In terms of production
aspects, Total fresh fruit bunches (FFB) of Tunas Baru Lampung reached 783
thousand tons. Financially in 2023, Tunas Baru Lampung has total assets around
USD 1,578 million with total liabilities around USD 1,078 million. Based on the
business performance, Tunas Baru Lampung generated revenue around USD 934
million with Net Income around USD 37.3 million.
7. Dharma Satya Nusantara
Dharma Satya Nusantara is Indonesia's Palm
Oil company that started its business on 29 September 1980. Operationally, as
of 2023, Dharma Satya Nusantara still managed 112.700 hectares (ha) of planted
oil palm. Most of its plantation is located on Borneo Island. Furthermore, the
company has 12 Palm Oil Mills with a capacity of up to 675 tons per hour. In
terms of production, Dharma Satya Nusantara successfully produced total fresh
fruit bunches (FFB) reaching 2.2 million tons and Crude Palm Oil (CPO) achieving
662 thousand tons.
Financially in 2023, according to its
annual report, the company has total assets around USD 986 million with total
liabilities around USD 444 million. Based on the business performance in 2023,
Dharma Satya Nusantara can generate the revenue USD 579 million with net income
and net Income USD 51 million.
8.
Triputra Agro Persada
Triputra Agro Persada started its business
in 2005. Historically, this company was founded by T.P Rachmat and Subianto. To
Date, until 2023, Triputra Agro Persa has managed 160.000 hectares (Ha) of Oil
Palm Plantation spreading over Sumatra and Kalimantan / Borneo. Furthermore, in
terms of processing facilities, Triputra also has 18 palm oil mills with a
total capacity of 995 tons per hour located in Jambi, Central Kalimantan, and
East Kalimantan. Overall, in terms of production, Total production of Fresh Fruit
Bunches (FFB) of Triputra Agro in 2023 reached 3.05 million tons and Crude Palm
Oil (CPO) achieving 978 thousand tons.
Financially, in 2023, Triputra Agro Persada
has total assets around USD 845 million with Total Liabilities around IDR USD
154 million. Based on the business performance, Triputra gained revenue USD 507
million with Net Income and Net Income USD 101 million.
9. Sawit Sumbermas Sarana
Sawit Sumbermas Sarana is an Indonesian
Palm Oil Company. Statistically, this company manages a total of 116,029 Ha of
oil palm plantation area either managed by the company directly or partnership
with smallholders’ farmers. In addition, in 2023, total fresh fruit bunches
(FFB) of Sawit Sumbermas Sarana reached 1.93 million tons and Crude Palm Oil
(CPO) achieved more than 500 thousand tons. Commonly, based on shareholder’s
ownership, Citra Borneo Indah still became the main shareholders of Sawit Sumbermas
with a percentage of ownership around 54,3 %.
Financially, in 2023, according to its
annual report, Sawit Sumbermas Sarana has total assets around USD 720 million
with total liabilities around USD 599 million. Based on the business
performance in 2023, Sawit Sumbermas gained revenue around IDR USD 652 million
with net income USD 31.4 million.
10.
PP London Sumatra Indonesia
London Sumatera Plantation an Indonesian
Oil Palm founded in 1906 with the initiation of Harrisons & Crosfield Plc.
Nowadays, PT Salim Ivomas Pratama (SIMP) has become the main shareholders of
London Sumatera Plantation with its acquisition in 2007. Operationally, London
Sumatra’s estates of London Sumatera spread across North Sumatra, South
Sumatra, East Kalimantan, North Sulawesi, South Sulawesi. As of December 31,
2023, total planted area of oil palm reached 111,940 hectares of oil palm.
Furthermore, London Sumatera operates 12 palm oil mills in Sumatra and
Kalimantan, with a total combined annual Fresh Fruit Bunch (FFB) processing
capacity of 2.7 million tonnes. In terms of production, Total Fresh Fruit
Bunches (FFB) of London Sumatra Indonesia reached 1.38 million tons and Crude
Palm Oil (CPO) achieved more than 294 thousand tons in 2023.
Financially, in 2023, London Sumatra has total assets around USD 763 Million with total liabilities around USD 71.1 Million. Based on the business performance in 2023, London Sumatra Indonesia generated revenue around USD 255 million with net income around USD 46.4 million.
11. Eagle High Plantations
PT Eagle High
Plantations is an Indonesian Oil Palm company which was established on November
6, 2000, under the name PT Bumi Perdana Prima International and changed its
name to PT BW Plantation in 2007. Since October 27, 2009, the Company's shares
have been listed and traded on the Indonesia Stock Exchange (IDX) with the
stock code BWPT. In 2014, the Company entered into an agreement to acquire 100%
share ownership in the Green Eagle Group and the Company changed its name to PT
Eagle High Plantations. Operationally, until 2023, total oil palm plantation
reached 87 thousand hectares (Ha) spread into Sumatera, Kalimantan, and Papua
and has 7 processing mills. Furthermore, in 2023, Eagle High Plantations
successfully produced Crude Palm Oil (CPO), achieving more than 320 thousand
tons.
Financially, in 2023, the Eagle High Plantations has total assets around USD 621 million with total liabilities around USD 487 Million. According to business performance in 2023, the Eagle High Plantation generated revenue around USD 256 million with net income around USD 9.6 million.
12. Sampoerna Agro
PT Sampoerna Agro (SGRO) was established
under the name of PT Selapan Jaya on 7 June 1993. Furthermore, the name of the
company was subsequently changed to PT Sampoerna Agro in 2007. Operationally,
the oil palm plantation of Sampoerna Agro in 2023 reached 183,809 hectares
(ha). In processing facilities, Sampoerna Agro operated 8 oil palm mills,
specifically 5 of which located in Sumatra and 3 others in Kalimantan. In terms
of production, in 2023, total fresh fruit bunches (FFB) of Sampoerna Agro
reached 1.2 million tons and Crude Palm Oil (CPO) achieved more than 396
thousand tons.
Financially, in 2023, according to the
annual Report, Sampoerna Agro has total assets around USD 614 Million with
liabilities around USD 277 Million. Based on the business performance,
Sampoerna Agro generated revenue around USD 342 Million with net income around
USD 26.8 Million.
13. Austindo Nusantara Jaya
Historically, Austindo Nusantara Jaya was
established on April 16, 1993. As of December 31, 2023, Austindo Nusantara Jaya
had a total landbank of more than 150,000 hectares across Sumatera, Kalimantan,
and Papua. In terms of production, in 2023, total fresh fruit bunches (FFB) of
Austindo Nusantara Jaya reached 881.501 tons and Crude Palm Oil (CPO) achieving
more than 283,567 thousand tons.
Financially in 2023, Austindo Nusantara
Jaya has total assets around USD 614 million with total liabilities around USD
188 million. Based on the business performance in 2023, Austindo Nusantara Jaya
generated revenue around USD 236 million and Net Income around USD 1.9 million.
14. Bumitama Agri
Historically, Bumitama is an Indonesian
Palm Oil company which was founded in 1996. Since 2012, this company has listed
its shares on the Singapore Exchange. Bumitama Agri managed 187,567 hectares
(ha) of oil palm plantation in Indonesia. Furthermore, Bumitama also operates a
total of 15 mills with a processing capacity of 6.4 million metric tonnes
annually. In terms of production, in 2023, Bumitama Agri successfully produced
Total Fresh Fruit Bunches (FFB) reaching 3,720,331 tons and Crude Palm Oil (CPO)
achieving 1,222,139 tons.
Financially, according to the annual report in 2023, Bumitama has total assets around USD 1,173 million with total liabilities around USD 231 million. Based on business performance in 2023, Bumitama Agri generated revenue around USD 943 million and net income around USD 178 million.
15. Teladan Prima Agro
Teladan Prima Agro was established on 10
May 2004. Nowadays, this company has planted area under management of 60,561
hectare (ha), consisting of 48,608 Hectare (ha) of nucleus plantations and
11,953 hectares (ha) of plasma plantations. Furthermore, total capacity of 6
Mills is around 335-ton Fresh Fruit Bunch / hour. In terms of production,
Teladan Prima Agro successfully produced Total Fresh Fruit Bunches (FFB)
reaching 1.2 million tons and Crude Palm Oil (CPO) achieving more than 327
thousand tons.
Financially, in 2023, the total assets of
Teladan Prima Agro reached USD 330 million with total liabilities around USD
180 million. Based on the business performance in 2023, the revenue of Teladan
Prima Agro reached USD 244 million and net income around USD 27.5 million.
16. Bakrie Sumatera Plantations
PT Bakrie Sumatera Plantations entered the
palm oil business in 1992. From 1986 until now, PT Bakrie & Brothers still
became the main shareholder of Bakrie Sumatera Plantation shares.
Operationally, this company has managed 69,713 hectares (ha) of oil palm. As of
2023, Bakrie Sumatera also operated 5 (five) palm oil processing plants. In
addition, in 2023, Bakrie Sumatera produced 468.646 tons of Fresh Fruit Bunches
(FFB).
Financially, in 2023, the Bakrie Sumatera
Plantation has total assets around USD 278 million and liabilities around USD
640 million. Based on the business performance in 2023, Bakrie Sumatera
Plantation generated revenue around USD 146 million with net income around USD
1.5 million.
17. Palma Serasih
Palma Serasih
was founded on June 3, 2008. Operationally, along with business development,
Nucleus and Plasma Planted Area of Palma Serasih around 35 thousand hectares.
Furthermore, Palma Serasih also has 2 (two) palm oil mills in East Kalimantan.
Financially, in
2023, Palma Serasih has total assets around USD 255 million and Liabilities
around USD 118 million. Based on business revenue, Palma Serasih generated
revenue around USD 124 million with net income around USD 33.3 million.
18. Jaya Agra Wattie
Jaya Agra Wattie is an Agribusiness company
which successfully produced Total Fresh Fruit Bunches (FFB) reaching 98,300
tons and Crude Palm Oil (CPO) achieving more than 53,447 tons in 2023.
Financially, in 2023, Jaya Agra Wattie has total assets around USD 223 million
with total liabilities around USD 163 million. Based on the business
performance in 2023, Jaya Agra Wattie generated revenue around USD 54.6 million
but suffered net loss around USD (-18.4 million).
19. Citra Borneo Utama
The establishment of Citra Borneo Indah
happened in 2013. In processing units, Citra Borneo Indah is supported by
refinery and fractionation plants with a total capacity of 2,500 tons of CPO
per day or 850,000 tons of CPO per year. Financially, in 2023, the total assets
of Borneo reached USD 264 million with total liabilities around USD 209
million. Based on the business performance, Citra Borneo Utama generated
revenue around USD 629 million with net income around USD 8.7 million.
20.
Jhonlin Agro Raya
Historically, Jhonlin Agro Raya was
established on April 30th, 2014. Along with business development, Jhonlin Agro
has an oil palm plantation area of 17,020 hectares (ha). Financially, in 2023,
Jhonlin Agro Raya has total assets around USD 222 million with total
liabilities USD 134 million. Based on the business performance, Jhonlin Agro
Raya generated revenue around USD 270 million and Net Income around USD 4.7
million.
21. Mahkota Group
PT Mahkota Group has a primary
office in Medan, North Sumatra which was established on January 7, 2011. Until
now, the company is engaged in the business of processing palm oil and its
derivatives as well as leasing storage tanks. The total number of employees is
one thousand employees. Currently the operational area of the subsidiary
company PT. Mahkota Group, includes two palm oil mills in North Sumatra and
four palm oil mills in Riau province as well as Bulking Station in Dumai.
Based on the annual report in 2023, Mahkota Group has total assets around USD 163 million with total Liabilities around USD 131 million. Based on the business performance in 2023, Mahkota Group generated revenue around USD 330 million but suffered net loss around USD (-10 million).
22. Pradiksi Gunatama
Padiksi Gunatama is an oil palm plantation company headquartered on kabupaten Paser, Kalimantan Timur. Historically, this company started its business in 1995. Operationally, until 2023, Padiksi Gunatama has managed 23,366 hectares of Oil Palm. Financially, in 2023, Padiksi Gunatama has total assets around USD 158 million with total liabilities around USD 58 million. Based on the business performance in 2023, the Padiksi Gunatama gained total revenue around USD 53 million and successfully gained net income around USD 11.9 million.
23. Cisadane Sawit Raya
PT Cisadane
Sawit Raya was founded on October 28, 1983, by Mr. Rudi Suhenda and Mrs.
Johanna Wirjoprawiro. Until now, the Company has oil palm plantations with a
business area of 29,000 hectares and planted area of 19,334 hectares with Fresh
Fruit Bunch (FFB) production reaching 342,001 tons per year. Furthermore, along
with business development, the total number of employees of the company and its
subsidiaries as of December 2023 reached 4,050 people.
Financially, in
2023, Cisadane Sawit Raya has total assets around USD 112 million with total
liabilities about USD 44 million. Based on business performance in 2023,
Cisadane Sawit Raya generated total revenue around USD 53.3 million with net
income and Net Income USD 8.9 million.
24. Pinago Utama
Historically, Pinago Utama was established
May 12, 1979. Pinago is engaged in the oil palm and rubber plantation business.
Specifically, the oil palm products produced by the Company are Fresh Fruit
Bunches (FFB), Palm Kernel, Crude Palm Oil, Crumb Rubber, Rubber, and others. Operationally,
as a business unit, the Company and Subsidiaries has owned 7 (seven) oil palm
plantations and 1 (one) rubber plantation located in Musi Banyuasin Regency,
South Sumatra Province. Of which 7 (seven) palm oil plantation areas, 3 (three)
plantation areas are in the parent entity and 4 (four) plantation areas are in
the Subsidiaries.
Financially, in 2023 Pinago Utama has total assets around USD 90.9 million with total liabilities around USD 42.2 million. In terms of business performance of 2023, Pinago Utama generated revenue around USD 124 million and gained net income around USD 11.6 million.
25. Andira Agro
The company was founded on
April 28, 1995, under the ownership share of PT. Meta Epsi (67.88%) and PT.
Anugerah Perkasa Semesta (32.12%). In 2018, this company listed its shares on
the Indonesia Stock Exchange. Location The company's plantations are in the
vicinity of South Sumatra. Until 2023, the area of oil palm plantations
reached ± 10,000 hectares.
Financially, in 2023, Andira Agro has total assets around USD 23 million with total total liabilities around USD 11 million. Based on the performance, Andira Agro generated revenue around USD 13.3 million but suffered Net Loss USD (-3.4 million).
26. Sumber Tani Agung Resources
Founded in 1970 by the late Suwito
Wijaya, Sumber Tani Agung Resources is an oil palm company headquartered in
Medan, North Sumatra. As of December 2023, STAA has managed over 48,800
hectares of oil palm plantations (nucleus and partnership plantations) and All
of which are in 4 provinces in Indonesia, namely North Sumatera, South
Sumatera, West Kalimantan, and Central Kalimantan. Supported with more than
11,000 employees, Sumber Tani Agung Resources successfully produced Total Fresh
Fruit Bunches (FFB) reaching 1.2 million tons and Crude Palm Oil (CPO)
achieving more than 395,180 tons.
Financially, according to its annual
report in 2023, Sumber Tani Agung has total assets of USD 407 billion with total liabilities reaching
USD 114 Billion. In terms of business performance in 2023, Sumber Tani Agung
successfully gained total revenue of USD 322 Million with total net income of
USD 64 Million.
27. FAP Agri
FAP was founded in 1994 which has oil
palm plantations located in North Kalimantan, East Kalimantan, and Riau.
Operationally, as of 2023 total oil palm plantation of FAP Agri reached 88.752
hectares (ha). In terms of production, FAP Agri produced 1,261,820 tons of
Fresh Fruit Bunches (FFB) and crude palm oil reaching 307,674.
Financially, in 2023, according to the annual report, FAP Agri has total assets of USD 526 million with total liabilities reaching USD 278 billion. In terms of business performance in 2023, FAP Agri gained total revenue of USD 309 million with total net income of USD 9.8 million.
28. Menthobi Karyatama Raya
Menthobi Karyatama Raya is a plantation company headquartered in Jakarta, and it is a subsidiary company of the Maktour Group, a business group led by Fuad Hasan Masyhur. Through its subsidiary, Menthobi Karyatama Raya manages around 6,000 hectares of oil palm plantations and a palm oil mill with a capacity of 30 tons per hour located in Central Kalimantan.
Financially, in 2023, Menthobi
Karyatama has total assets of USD 81 Billion with total liabilities of around
USD 45.4 Million. In terms of business performance in 2023, Menthobi Karyatama
gained total revenue of USD43.3 million with total net income reaching USD 3.1
million.
29. PT Pulau
Subur
Pulau Subur was Founded in 1980 which is headquartered in Palembang which has total oil palm plantation reaching 1,180 hectares (ha) located in Palembang and Kab. Banyuasin in South Sumatra Province. Financially, in 2023, according to its annual report, Pulau Subur has total assets of USD 10.2 million with total liabilities of USD 0.3 million. In terms of business performance, Pulau Subur gained total revenue of USD 3.7 million with total net income of USD 1.3 Million.
30. Gozco Plantations
Gozco Plantations was initially
established as a limited liability company under the name Surya Gemilang
Sentosa, in Sidoarjo, East Java in 2001. However, in 2007, the company changed
its name to PT Gozco Plantations after moving to South Jakarta. Operationally,
The Company's major operations include tree planting, fresh fruit bunch
production and processing of palm oil and palm kernel. Until 2020, the total
plantation area reached 23,749 hectares with 38,889 tons of Crude Palm Oil
(CPO) production in 2020.
Financially, in 2023, the total assets of Gozco Plantation reached USD 132 million with Total Liabilities around USD 59 million. Based on the business performance in 2023, the revenue of Gozco Plantation reached USD 46.5 million with generating net income around 0.98 million.
The Summary 30 World’s Largest Palm Oil Companies from Indonesia
Based on Total Assets
The Summary of 30 World’s Largest Palm Oil Companies from Indonesia Based on Net Income
Bibliography 30 World’s Largest Palm Oil Companies from Indonesia
Sinar Mas Agro Resources and Technology.
Annual Report 2023. Accessed Via https://www.smart-.com/investor/informasi-keuangan/laporan-tahunan/ on July 2nd, 2024.
Salim Ivomas Pratama. Annual Report 2023.
Accessed Via https://www.simp.co.id/InvestorRelation/FinancialStatement.aspx on July 2nd, 2024.
Astra Agro Lestari. Annual Report 2023.
Accessed Via https://www.astra-agro.co.id/informasi-keuangan/
on July 2nd, 2024.
First Resources. Annual Report 2023.
Accessed Via https://www.first-resources.com/ir.php on July 2nd, 2024.
Tunas Baru Lampung. Annual Report 2023.
Accessed Via http://www.tunasbarulampung.com/ on July 2nd, 2024.
Dharma Satya
Nusantara, . (DSNG). Annual Report 2023. Accessed Via https://dsn.co.id/id/ on July 2nd, 2024.
Triputra Agro Persada. Annual Report 2023.
Accessed Via https://www.tap-agri.com/ on July 2nd, 2024.
Sawit Sumbermas Sarana. Annual Report 2023.
Accessed Via https://ssms.co.id/en on July 2nd, 2024.
PP London Sumatra Indonesia. Annual Report
2023. Accessed Via http://www.londonsumatra.com/Contents/home on July 2nd, 2024.
Eagle High Plantations. Annual Report 2023.
Accessed Via https://www.eaglehighplantations.com/ on July 2nd, 2024.
Sampoerna Agro. Annual Report 2023.
Accessed Via https://www.sampoernaagro.com/home on July 2nd, 2024.
Austindo Nusantara Jaya. Annual Report
2023. Accessed Via https://www.anj-group.com/en/home on July 2nd, 2024.
Bumitama Agri. Annual Report 2023. Accessed
Via https://bumitama-agri.com/ on July 2nd, 2023.
Teladan Prima Agro. Annual Report 2023.
Accessed Via https://www.teladanprima.com/ on July 2nd, 2024.
Bakrie Sumatera Plantations. Annual Report
2023. Accessed Via https://www.bakriesumatera.com/ on July 2nd,
2024.
Palma Serasih. Annual Report 2023. Accessed
Via https://palmaserasih.co.id/ on July 2nd, 2024.
Jaya Agra Wattie. Annual Report 2023.
Accessed Via https://www.jawattie.com/ on July 2nd, 2024.
Citra Borneo Utama. Annual Report 2023.
Accessed Via https://www.citraborneoutama.co.id/ on July 2nd, 2024.
Jhonlin Agro Raya. Annual Report 2023.
Accessed Via https://www.ptjar.com/ on July 2nd, 2024.
Mahkota Group. Annual Report 2023. Accessed
Via https://mahkotagroup.com/ on July 2nd, 2024.
Pradiksi Gunatama. Annual Report 2023.
Accessed Via https://www.pradiksi.co.id/ on July 2nd, 2024.
Gozco Plantations. Annual Report 2023.
Accessed Via http://www.gozco.com/ on July 2nd, 2024.
Cisadane Sawit Raya. Annual Report 2023.
Accessed Via https://www.csr.co.id/ on July 2nd, 2024.
Wilmar Cahaya Indonesia. Annual Report
2023. Accessed Via https://www.wilmarcahayaindonesia.com/ on July 2nd, 2024.
Pinago Utama. Annual Report 2023. Accessed
Via https://www.pinagoutama.com/ on July 2nd, 2024.
Andira Agro. Annual Report 2023. Accessed
Via https://www.andiraagro.com/id on July 2nd, 2024.
Wilmar International. Annual Report 2023.
Accessed via https://ir-media.wilmar-international.com/annual-reports/
on January 1th, 2025.
PT Pulau Subur. Annual Report 2023.
Accessed via https://www.pulausubur.com/Hubungan-Investor.htm
on January 1st, 2025.
FAP Agri. Annual Report 2023. Accessed via https://fap-agri.com/ringkasan-keuangan/
on January 1st, 2025.
Menthobi Karyatama Raya. Annual Report
2023. Accessed via https://mktr.co.id/informasi-keuangan.php#LT
on January 1st, 2025.