- Business
- PT Sawit Sumbermas Sarana Tbk (SSMS.JK) is an Indonesia-based integrated palm oil producer engaged in the cultivation, processing, and sale of crude palm oil and related products; it operates across plantations, edible oil processing, and supporting activities including trading, consulting, and industrial estate management. The company manages approximately 23 oil palm estates covering 116,029 hectares in Central Kalimantan, Indonesia, of which 81,485 hectares are mature planted areas comprising 69,236 hectares of nucleus estate and 12,248 hectares of plasma; it processes output through eight palm oil mills (PKS Suayap, PKS Sulung, PKS Selangkun, PKS Natai, PKS Melata, PKS Nangga Kiu, PKS Sumber Cahaya, and PKS Kanamit), one palm kernel mill, and one biogas plant, producing primary products such as crude palm oil, palm kernel oil, fresh fruit bunches, and palm kernels for domestic and international markets. Founded on November 22, 1995, and headquartered in Pangkalan Bun, Central Kalimantan, SSMS listed on the Indonesia Stock Exchange via initial public offering in December 2013 and operates as a subsidiary of PT Citra Borneo Indah, with key affiliates including PT Kalimantan Sawit Abadi established in 2004. Recent developments include full repayment of its US$300 million global bond at maturity in 2023, majority shareholding acquisition by PT Citra Borneo Utama Tbk, achievement of 100% RSPO and ISPO certifications for upstream estates and processing facilities, and a syndicated financing agreement signed on November 18, 2025, with a consortium of national banks to support ongoing operations and expansion.