- Business
- PT Triputra Agro Persada Tbk is an Indonesian agribusiness company primarily engaged in the cultivation and processing of palm oil and rubber products. It produces crude palm oil (CPO), palm kernel, crude palm kernel oil, palm kernel meal, as well as rubber products including slab and ribbed smoked sheets. The company operates through its plantations and mills located mainly in Jambi (Sumatra), Central Kalimantan, and East Kalimantan. Founded in 2005 and headquartered in Jakarta, PT Triputra Agro Persada also pursues expansion through investments in other plantation companies via joint ventures and acquisitions. Recent major company developments include securing $200 million in funding from Government of Singapore Investment Corporation and Northstar Pacific, expanding production capacity, commitment to full RSPO certification targeting 2026, and an ongoing focus on sustainability and infrastructure improvements. The company emphasizes agronomy practices to optimize fresh fruit bunch production, value-added product development, and prudent financial management, underpinning a strong operational and financial performance demonstrated in recent years. It also maintains an aggressive dividend policy supported by robust free cash flow. PT Triputra Agro Persada is listed on the Indonesia Stock Exchange since 2021 under the ticker TAPG.JK.