- CEO
- Petra Meekers
- Full Time Employees
- 24,027
- Sector
- Process industries
- Industry
- Agricultural commodities/Milling
- Address
- Kasteel Calesberg Schoten VL Belgium 2900
- IPO Date
- Jan 5, 1987
- Business
- Sipef N.V. Sipef NV operates as a Belgian agro-industrial company focused on the certified sustainable production of tropical agricultural commodities, primarily palm oil along with bananas, rubber and tea; it produces crude palm oil, palm kernels and crude palm kernel oil from nine RSPO-certified mills in Indonesia and Papua New Guinea, ribbed smoked sheets, scraps and lumps from rubber plantations in Indonesia, cut tear and curl tea from its hand-plucked Cibuni estate in Java Indonesia, and bananas along with horticulture products including pineapple flowers lotus flowers and foliage from operations in Côte d'Ivoire. The company serves markets in Europe the United Kingdom Indonesia West Africa Singapore and internationally with a planted surface area exceeding 77 000 hectares and approximately 16 500 employees. Founded in 1919 and headquartered in Schoten Belgium Sipef N.V. emphasizes environmental social and governance performance through annual integrated reporting and high sustainability rankings including 11th in the 2023 SPOTT palm oil assessment and 4th in Forest 500.
In recent developments Sipef N.V. reports robust 2025 performance with Q3 crude palm oil production up 28.1% year-over-year to 117 565 tonnes driven by higher fresh fruit bunches and extraction rates projecting full-year output near 430 000 tonnes and group profit between USD 115 million and USD 125 million. The company enhances sustainability efforts by advancing greenhouse gas accounting aligning with Science Based Targets Initiative joining the Palm Oil Collaboration Group and High Conservation Value Network and initiating a share buyback program in early 2025. Rubber production phases out by end-2024 as plantations convert to palm while banana output grows 3.1% from maturing areas supporting favorable palm oil pricing above historical norms.