PT Sawit Sumbermas Sarana Tbk. (SSMS) is a palm oil company with a mission to realize the full potential of palm oil. We manage an integrated business across 19 oil palm estates, six oil palm mills (PKS) and one palm kernel mill out of Pangkalan Bun, Central Kalimantan, Indonesia.
We believe in the tremendous potential of palm oil and are optimistic about the crop’s place in the future. With the highest crop productivity and land-use efficiency compared to other crops, palm oil can be a crucial, and more environmentally-friendly, answer to address future surge of edible oil needs. At the same time, the palm oil industry has the potential to contribute significantly to fueling development in countries such as Indonesia, especially their rural communities.
We therefore believe that palm oil companies, if they do the business right, can play a key role in sustaining the environment and providing for human needs at the same time. This is the role we aim to play.
To realize the full potential of palm oil
To Build a professional plantation business
To Add value for all stakeholders
To Implement best practices of corporate governance
To Use environmentally-friendly and advanced technology
To Develop our human resources and local potential in a spirit of partnership
Care for the company
Care for the people
Care for the environment
Care for the nation, Indonesia
PT Sawit Sumbermas Sarana Tbk. (SSMS) is a palm oil company based in Pangkalan Bun, Central Kalimantan, Indonesia. We envision ourselves as a world-class plantation company with a mission to realize the full potential of palm oil.
Our belief in palm oil as a crucial answer to address future surge of edible oil needs, fuel national development and bring real benefits to communities and the environment is what motivates us. We thus operate all our plantations and mills in accordance with the industry’s best practices and sustainability standards.
PT Sawit Sumbermas Sarana Tbk is publicly listed at Indonesia Stock Exchange since 2013.
The public holds around 26% of the total company share.
SSMS’ commitment towards good corporate governance principles ensures any business expansion conducted sustainably and responsibly. In 2016, our expansion and investment increased our total assets by 2.6% to Rp7.163 trillion.
Meanwhile, the management is also taking the initiative to expand the company’s plantation by 10,000 hectares to 100,000 hectares, in line with the vision of growing the estates to a total of 150,000 hectares within the next five years.
SSMS was established on 22 November 1995, in accordance with Notarial Deed No. 51 of the same date, and began its operation in 2005.
SSMS became publicly listed in 2013 and has continued to grow its business ever since, including through a series of successful acquisitions such as those in 2015.
On 22 November 1995, SSMS was established in Pangkalan Bun, Central Kalimantan.
On 6 May 1999, PT Mitra Mendawai Sejahtera (MMS), a subsidiary of SSMS was established at Pangkalan Bun, Central Kalimantan.
On 31 July 2002, PT Sawit Mandiri Lestari (SML), a subsidiary of SSMS was established at Pangkalan Bun, Central Kalimantan.
On 17 March 2005, PT Ahmad Saleh Perkasa (ASP), a subsidiary of SSMS was established at Pangkalan Bun, Central Kalimantan.
On 12 December 2013, SSMS has carried out the IPO (Initial Public Offering).
SSMS acquired four plantations, namely PT Menteng Kencana Mas ("MKM"), PT Mirza Pratama Putra ("MPP"), PT Tanjung Sawit Abadi ("TSA") and PT Sawit Multi Utama ("SMU").
SSMS’s sustainable growth towards its vision to become a world-class plantation company requires a continuously improving strong workforce that delivers high quality results. SSMS, therefore, emphasizes its human resource development effort on comprehensive employee integration as well as targeted recruitment to deliver superior business performance.
Indonesian citizen aged 71, resident in Jakarta. President Commissioner of the Company since August 2016, in accordance with Deed of Shareholder Meeting No.21 dated 31 August, 2016 and made before Notary Public Dedy Pramono S.H., M.Kn. Bungaran Saragih has been involved in the palm oil plantation business for 45 years, as a Commissioner of PT Rea Kaltim Plantations since 2007, Chairman of Trustees of Borneo Orangutan Survival Foundation since 2006, and an Advisor to PT Japfa Comfeed Indonesia Tbk. since 2006.
He was previously Chairman of Governors of the International Fund for Agricultural Development and Minister of Agriculture of the Republic of Indonesia. He holds a Masters Degree in Agronomy from the Agricultural Insitute of Bogor (IPB), a Master of Arts in Economics, Statistics and Business from North Carolina State University, and a Doctorate in Philosophy of Economics from North Carolina State University, USA.
SSMS maintains an internal control system to ensure that all of its activities are in accordance with the principles of good corporate governance and conform with current laws and regulations. To ensure effective implementation, the company has several charters to strengthen oversight and application of comprehensive internal control.