2018, Palm Oil Production of Sumbermas Sarana is Targeted to Grow 17 Percent

By : Abraham Sihombing And Aldo Bella Putra | Thursday, March 22 2018 - 21:00 IWST

kelapa sawit
kelapa sawit

INDUSTRY.co.id - Jakarta - Crude palm oil (CPO) production of PT Sawit Sumbermas Sarana Tbk (SSMS) is targeted to reach 346,600 tons in 2018. That means 17% higher compared to the company's CPO production in 2017 of 296,239 tons.

"The increase in our CPO production is possible because of the projected growth of fresh fruit bunches about 17.6% to 1.47 million tons this year," said Swasti Kartikaningtyas, Corporate Secretary of SSMS, in Jakarta recently.

In addition, according to Swasti, the company's CPO production growth is also supported by the increased production capacity of the factory. The Company is currently producing two new plants targeted to produce this year.

"At least one of the two factories will start operating in the middle of this year," Swasti explained.

Swasti said after the revamping of CPO production capacity is completed, the company plans to increase its palm plantation area. However, until now the government still regulates the moratorium on the addition of oil palm.

"Therefore, we will still continue to optimize the existing land. Although CPO prices continue to sag, but the palm business still has a pretty good growth prospect for the future, " said Swasti.

Swasti revealed, although CPO prices continue to decline, but SSMS management can anticipate it by setting the strategy of further CPO sales. It was seen from the company's sales last year which grew 19% to Rp3.24 trillion with a 33% increase in net profit to Rp787.08 billion. (Abraham Sihombing)

News Comment

Today's Industry

Dr Paul Gardner-Stephen, Senior Lecturer, College of Science and Engineering, Flinders University (Photo by ICT Days)

Kamis, 24 September 2020 - 15:15 WIB

NBN Co to Spend $3bn Upgrading Half of FTTN Network to Full Fibre

In particular, the original Fibre-To-The-Premises (FTTP) plan had several key advantages that this announcement is not able to solve.

Rena Chua, Bug Bounty Advisor at HackerOne (Photo by Linkedin)

Kamis, 24 September 2020 - 14:15 WIB

How COVID-19 Is Impacting Security

With this accelerated pace of digital transformation, CISOs had to quickly facilitate new needs — while ensuring the security of existing systems and newly-acquired collaboration tools.

Ilustration Asia-Pacific’s First and Largest Collaborative Robots Virtual Expo (Photo by Universal Robots)

Selasa, 22 September 2020 - 17:00 WIB

Universal Robots Hosts First Virtual Collaborative Robots Exhibition & Conference in Asia-Pacific

Gain actionable insights on flexible and cost-effective automation solutions addressing post-pandemic ROI and safety challenges for small & medium businesses.

Published BSIMM11, The Latest Version of The BSIMM (Photo by EEJournal)

Senin, 21 September 2020 - 18:30 WIB

Synopsys Publishes BSIMM11 Study Highlighting Fundamental Shifts in Software Security

BSIMM11 reflects the software security practices observed across 130 firms from multiple industry verticals including financial services, FinTech, independent software vendors, cloud, health…

New Cloud-Based Technology That Delivers Secure Remote Access (Photo by News Break)

Senin, 21 September 2020 - 17:15 WIB

Check Point Software Technologies Redefines Secure Remote Access for Enterprises

This technology will integrate with Check Point´s Infinity architecture, and become the easiest and most secure solution for enterprises need to enable employees´ secure remote access to any…