- Business
- PT Bakrie Sumatera Plantations Tbk PT Bakrie Sumatera Plantations Tbk (UNSP.JK) engages in the plantation, processing, and trading of agricultural and industrial products, primarily operating as an integrated agro-business with segments in palm oil and derivatives, rubber, and oleochemicals. The company produces crude palm oil (CPO), palm kernel (PK), palm kernel oil (PKO), and derivatives such as refined bleached deodorized (RBD) palm olein, stearin, and palm fatty acid distillate (PFAD); natural rubber products including centrifuge latex, RSS-1, SIR 3 CV, SIR 10/20, and block skim rubber (BSR); and oleochemicals comprising fatty acids, fatty alcohols, and glycerin, supported by five palm oil mills, three rubber processing plants, and one oleochemical facility. Founded in 1911 as a rubber plantation company in North Sumatra, Indonesia, and headquartered in Kisaran, Asahan Regency, it manages approximately 67,591 hectares of oil palm and rubber plantations across provinces including North Sumatra, West Sumatra, Jambi, South Sumatra, Riau Islands, and South Kalimantan, serving domestic and export markets in food, non-food industries, and further internal absorption by its oleochemical segment. Recent developments include a joint venture with ASD Costa Rica through PT ASD-Bakrie Oil Palm Seed Indonesia, established in 2008 for research, breeding, and production of high-quality, locally adapted oil palm seeds targeting up to 20 million seeds annually; a memorandum of understanding (MoU) with Bank Negara Indonesia (BNI) for palm oil replanting financing potentially reaching Rp1 trillion to support over 13,400 plasma farmers; ongoing share purchases by Paradiso Resources Ltd., including 16.5 million shares in March, alongside indications of affiliate interests from PT Danpac Futures and PT Asjaya Indosurya for potential acquisition and capital increases as of late 2024; and the release of its 2024 annual report emphasizing efficiency optimization for sustainable profitability, with public exposés in June 2025 highlighting commitments to service, development, and partnerships.