Third Quarter, PTPN III Performance is Driven By Three Factors

By : Hariyanto And Aldo Bella Putra | Wednesday, September 27 2017 - 22:30 IWST

Kebun Kelapa Sawit (Ist)
Kebun Kelapa Sawit (Ist)

INDUSTRY.co.id - Jakarta - Until the third quarter of this year, the performance of PT Perkebunan Nusantara (PTPN) III is driven by healthier financing factors and infrastructure development factors as well as more intensive fertilization of palm oil crops, resulting in more maximal production.

"Fertilization is the most important thing in encouraging increased production," said Head of Palm Oil and Rubber Operations Division PTPN III, Desmanto in Jakarta, Wednesday (27/09/2017).

Desmanto said, thanks to the increase in production, palm oil crops are the main contributors to the company's revenue compared to other commodities such as rubber, sugarcane, and tea.

"By looking at the positive production of FFB and CPO, we are optimistic that the TBS production target of 8.91 million tons and 1.97 million tons of CPO by the end of the year can be pursued, especially since the peak CPO production usually occurs in September and October every year," he said.

Last year the production of TBS Holding PTPN III amounted to 7.69 million tons and CPO production of 1.7 million tons.

Meanwhile, Executive Director of the Indonesian Palm Oil Board (DMSI), Iskandar Andi Nuhung said PTPN needs to expand its palm oil plantation so as not to be far behind with private companies. Because compared to private land, PTPN palm oil is only about 10%.

"Whereas before, PTPN, which leads the palm oil industry, is now lagging behind the private sector, because the private sector is quick to expand its business compared to PTPN, which is relatively in place," said Iskandar.

Currently the area of ​​private oil palm is already more than 5 million hectares (ha). While the area of ​​palm oil plantations owned by PTPN only about 700,000 ha. The quality of PTPN palm oil trees is also old which impacts lower production than the private sector.

News Comment

Today's Industry

GoTo is a blend of Gojek and Tokopedia. (Photo: republika.co.id)

Jumat, 02 Desember 2022 - 22:48 WIB

Lockup Sentiment Only Temporarily, GOTO Owns Chance to Rebound

Shares of PT Goto Gojek Tokopedia Tbk (GOTO), which experienced selling pressure after end of the lock up period on November 30, 2022, are considered by a number of market participants to provide…

GoTo is a blend of Gojek and Tokopedia. (Photo: republika.co.id)

Rabu, 30 November 2022 - 19:35 WIB

GoPay's Dominance Drives Consistency in GOTO's Financial Business Segment Growth

The financial services business segment, namely GoTo Financial owned by PT GoTo Gojek Tokopedia Tbk (GOTO), recorded impressive business growth consistency. This is reflected in GoPay's dominance…

The President Director of PT Honeywell Indonesia, Roy Kosashi, clarified many kind of leading technology for Indonesia’s New Capital City, in Jakarta on Tuesday (29/11/2022). (Photo: PT Honeywell Indonesia)

Rabu, 30 November 2022 - 19:28 WIB

Honeywell Ready to Support Indonesia’s New Capital City with Sustainability Technologies and Solutions

Honeywell announced today that it is Ready Now to support the Nusantara Capital Authority (OIKN) in realizing their goal of making a sustainable and smart forest city. OIKN is the government…

Gibu Mathew, Vice President and General Manager in Asia-Pacific (APAC) in Zoho Corp. (special)

Rabu, 30 November 2022 - 11:22 WIB

How to Make SaaS Work for Small and Medium-Sized Businesses

Southeast Asia's digital transformation has been impressive as the region is now poised to reach a projected digital economy worth USD360 billion by 2025. With digitalisation, the region bore…

PT Dharma Polimetal ("Dharma Group") Triputra Group automotive component manufacturing company.

Senin, 28 November 2022 - 12:15 WIB

DRMA Remains Optimistic 2023 Automotive Still Rises, Targets Sales Up 20%

PT Dharma Polimetal Tbk (“DRMA”), a listed company engaged in automotive component manufacturing business sees the prospects for the automotive business in 2023 will still remain promising.…