- Business
- PT Perusahaan Perkebunan London Sumatra Indonesia Tbk (LSIP), known as Lonsum, engages in plant breeding, planting, harvesting, processing, and selling of palm products, rubber, oil palm seeds, cocoa, and tea; it operates palm oil mills, crumb rubber processing facilities, sheet rubber production lines, cocoa factories, and tea factories. The company manages estates covering over 111,000 hectares primarily of mature oil palm plantations, with additional rubber, cocoa, and tea crops, across Sumatra, Java, Kalimantan, and Sulawesi in Indonesia. Founded in 1906 in Medan by Harrisons & Crosfield Plc and headquartered at Ariobimo Sentral in South Jakarta, Lonsum functions as a subsidiary of PT Salim Ivomas Pratama Tbk within the Indofood Group and listed on the Indonesia Stock Exchange since 1996. Its core products include crude palm oil, palm kernel oil and related products, rubber, oil palm seeds, cocoa under dedicated processing, and tea marketed as Kahuripan and Lonsum 1908 brands; it targets food, beverage, and industrial sectors domestically and internationally. In recent developments, Lonsum reported a 94% net profit increase and revenue growth for full-year 2024 despite production challenges from weather and high fertilizer costs, alongside a 45% net profit rise to IDR392 billion in first-quarter 2025 driven by higher crude palm oil sales volumes and gross margins. The company maintains 12 palm oil mills with 2.6 million tons annual fresh fruit bunch capacity and continues sustainable palm oil expansion without noted acquisitions, partnerships, or major strategic shifts in 2024-2025.