Astra Agro Lestari
 |
| Company type | Public |
|---|---|
| IDX: AALI | |
| Industry | plantation |
| Founded | 1981 |
| Headquarters | Jakarta, Indonesia |
Area served | Indonesia |
| Products | Palm oil |
| Revenue | Rp 20.7 trillion (2023) |
| Rp 1.056 trillion (2023) | |
| Total assets | Rp 28.846 trillion (2023) |
Number of employees | 35,400 (2016) |
| Parent | Astra International[1] |
| Website | www |
PT Astra Agro Lestari Tbk or Astra Agro (the “Company”), established in 1988, engaged in the oil palm plantations sector and other business activities. The Company has become a public company by being listed on the Indonesia Stock Exchange (IDX) in 1997. The Company is a subsidiary of PT Astra International Tbk (“Astra”), one of Indonesia's most prominent and leading business groups. Astra owns 79.68% of the company’s shares and 20.32% of the shares owned by the public.
To maintain business sustainability, the Company consistently conducts plant rejuvenation to keep the average age of the plants. Currently recorded at 287,044 hectares spread across Sumatra, Kalimantan, and Sulawesi islands. In this area, 214,815 hectares are nucleus plantations, while 72,229 are plasma plantations. The Company also expanded its business into the downstream palm oil industry by establishing a palm oil processing plant through its subsidiary PT Tanjung Sarana Lestari (TSL) in 2014, located in West Sulawesi Province.
The Company also established Palm Kernel Oil (PKO) processing through its subsidiary PT Tanjung Bina Lestari in 2017, which is located in West Sulawesi. In addition, the Company has a marketing office in Singapore named Astra-KLK Pte. Ltd is a joint venture between the Company and Kuala Lumpur Kepong Plantation Holdings Sdn, Bhd.
Astra Agro continues to innovate by building NPK fertiliser mixing plants. The operation of the Company’s NPK fertiliser blending plant is run through its subsidiaries PT Cipta Agro Nusantara in 2016 located in Central Sulawesi and PT Bhadra Cemerlang in 2017 located in Central Kalimantan. In addition, the company develops processed palm oil products in the form of olein, stearin, and PFAD to meet export market demand from China and the Philippines. Starting in 2016, the Company has also operated a fertiliser blending plant in Donggala Regency, Central Sulawesi Province.
Realising the Company’s mission to become a company that contributes to the development and welfare of the nation, the Company sets sustainability aspects as the Company’s strategy contained in Astra Agro Sustainability Aspirations, which are summarised in the Triple-P Roadmap Strategy, namely Portfolio, People, and Public Contribution. In line with the Public Contribution Roadmap commitment, the Company carries out Corporate Social Responsibility (CSR), which consists of 4 pillars: health, education, economy, and environment.
Being a company that permanently coexists with nature, the company strives to become a sustainable company by meeting the standards of sustainable oil palm plantation development and other criteria regarding environmentally friendly activities. Astra Agro became one of the first companies to obtain the Indonesian Sustainable Palm Oil (ISPO) certificate in 2012 and continues to grow to fulfil the best plantation management practices for the surrounding environment.
Facing future challenges, the Company will continue to implement and develop business strategies to improve productivity and efficiency and diversify prospective business lines related to the leading palm oil business.
References[edit]
 | This corporation or company article is a stub. You can help Wikipedia by expanding it. |