- Business
- PT Golden Plantation Tbk is an Indonesia-based holding company engaged primarily in oil palm plantation activities and agriculture, operating through subsidiaries that cultivate, process, and sell palm oil products. The company produces and sells crude palm oil (CPO), fresh fruit bunches (FFB), palm kernel, and palm kernel derivatives from nine plantations spanning South Kalimantan, Central Kalimantan, West Kalimantan, Riau, Jambi, and South Sumatra, with a total concession area of 63,441 hectares where approximately 40% is planted; it maintains palm oil processing mills with a capacity of 30 to 45 tons of FFB per hour, alongside ancillary business activities in construction, trading, services, industry, transportation, printing, and mining. Subsidiaries include PT Bumiraya Investindo, PT Persada Alam Hijau, and PT Bailangu Capital Investment, with PT Bumiraya Investindo partially owned by Bunge Asia Pte. Ltd.; the company targets domestic and international markets in the palm oil sector. Founded on December 5, 2007, and headquartered at Gedung Plaza Mutiara, 8th Floor, Jl. DR. Ide Agung Gede Agung, Kav. E.1.2 No. 1 & 2, Mega Kuningan, South Jakarta, Indonesia, it listed on the Indonesia Stock Exchange under ticker GOLL.JK in December 2014 following the acquisition of PT Bumiraya Investindo. In recent developments, trading of its shares has been suspended, reflecting significant operational challenges, while its ownership transitioned from majority control by PT Tiga Pilar Sejahtera Food Tbk (previously 78.17%) prior to May 2016 to PT JOM Prawarsa Indonesia.