Continue to Expand, Sampoerna Agro Per Area of Palm and Rubber Plantation

By : Hariyanto And Aldo Bella Putra | Wednesday, November 08 2017 - 20:00 IWST

PT Sampoerna Agro Tbk (SGRO)
PT Sampoerna Agro Tbk (SGRO)

INDUSTRY.co.id - Jakarta - PT Sampoerna Agro Tbk (SGRO) continues to expand by expanding oil palm and rubber plantation areas by the end of this year.

"In the first half of last year, SGRO has added about 3,700 hectares of land, about 2,200 of which are land for rubber," said SGRO Head of Investor Relations, Michael Kesuma in Jakarta, Wednesday (8/11 /).

SGRO's land expansion in the second half will include land for palm oil and rubber. Until the end of the year, SGRO plans to add 2,000 hectares to 4,000 hectares of rubber and 2,000 hectares to 5,000 hectares of palm oil.

"The investment if we see an average of about Rp70 million to Rp90 million per hectare," said Michael.

For palm expansion, it will be focused on expansion in Ketapang region. In the first half of this year, SGRO posted sales of Rp1, 6 trillion with a profit of Rp174, 15 billion.

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