PT Bakrie Sumatera Plantations Tbk Company Description

PT Bakrie Sumatera Plantations Tbk, together with its subsidiaries, engages in the plantation, processing, and trading of agricultural and industrial products in Indonesia and internationally.

It operates through Palm Oil and Derivatives, Rubber, and Oleochemical segments. The company develops and maintains palm oil; and engages in other business activities relating to palm oil processing, marketing, and sales.

Its palm oil derivative products and palm kernel oil are used in food and non-food industries, such as cooking oil, margarine, ice creams, soaps and detergents, animal feeds, cosmetics, industrial lubricants, and bio-fuels.

The company also processes, markets, and sells natural rubber products used in footwear, gloves, contraceptives, and other industries; and develops and maintains rubber.

In addition, it processes, markets, and sells oleochemicals that are used as raw materials for various fast moving consumer goods.

Further, the company offers fatty acids and alcohols, glycerin, plan stearin, palm olein, and palm fatty acid distillate; and bio-diesel.

Additionally, it engages in the provision of financial and management consulting services; Production, processing, distribution and sale of seeds; and fruit, basic chemicals, and goods trading activities.

It also exports its products. The company was formerly known as United Sumatera Plantations and changed its name to PT Bakrie Sumatera Plantations Tbk in 1991.

The company was founded in 1911 and is headquartered in Medan, Indonesia.