PTPN III (Persero) Announces Merger of Sub Holding PalmCo and SupportingCo

On Monday (20/3) in Jakarta, the Nusantara Plantation Holding PTPN III (Persero) announced plans to merge 13 companies under the Nusantara Plantation Holding, into two Sub Holdings. This step is part of the overall transformation of State-Owned Enterprises (BUMN) Plantations.
PT Perkebunan Nusantara (PTPN) V, VI and XIII will merge into PTPN IV or later known as Sub Holding PalmCo. While PTPN II, VII, VIII, IX, X, XI, XII and XIV will merge into PTPN I or later known as Sub Holding Supporting Co.
“The merging of Sub Holding PalmCo and SupportingCo is expected to be implemented within the next two months, or May 2023. Sub Holding PalmCo is one of the keys to increasing plantation productivity, as well as the production capacity of processed palm commodities, including fresh fruit bunches (FFB) harvests. , as well as the production capacity of crude palm oil (CPO), vegetable oil and cooking oil,” said Managing Director of Perkebunan Nusantara Holding, Mohammad Abdul Ghani.
So that there will be three Sub Holdings that support food security, namely SugarCo (established in 2021), which will revitalize the national sugar industry and increase national sugar production. Meanwhile, PalmCo will increase the downstreaming of palm oil products to meet domestic demand for cooking oil. Then SupportingCo will become a superior plantation asset manager.
All of this is in line with the government’s strategic plan in the National Strategic Project (PSN) and President Joko Widodo’s direction.