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Company History

PT Sawit Sumbermas Sarana Tbk. (SSMS) is a palm oil company with a mission to realize the full potential of palm oil. We manage an integrated business across 23 oil palm estates, Eight oil palm mills (PKS) and one palm kernel mill out of Pangkalan Bun, Central Kalimantan, Indonesia.

We believe in the tremendous potential of palm oil and are optimistic about the crop’s place in the future. With the highest crop productivity and land-use efficiency compared to other crops, palm oil can be a crucial, and more environmentally-friendly, answer to address future surge of edible oil needs. At the same time, the palm oil industry has the potential to contribute significantly to fueling development in countries such as Indonesia, especially their rural communities.

We therefore believe that palm oil companies, if they do the business right, can play a key role in sustaining the environment and providing for human needs at the same time. This is the role we aim to play.

Our Vision

To Become A World-class Plantation Company

Our Mission

To realize the full potential of palm oil

 

To Build a professional plantation business

 

To Add value for all stakeholders

 

To Implement best practices of corporate governance

 

To Use environmentally-friendly and advanced technology

 

To Develop our human resources and local potential in a spirit of partnership

Corporate Values

Care for the company

 

Care for the people

 

Care for the environment

 

Care for the nation, Indonesia

Company Profile

PT Sawit Sumbermas Sarana Tbk. (SSMS) is a palm oil company based in Pangkalan Bun, Central Kalimantan, Indonesia. We envision ourselves as a world-class plantation company with a mission to realize the full potential of palm oil.

Our belief in palm oil as a crucial answer to address future surge of edible oil needs, fuel national development and bring real benefits to communities and the environment is what motivates us. We thus operate all our plantations and mills in accordance with the industry’s best practices and sustainability standards.

 

Corporate Structure

PT Sawit Sumbermas Sarana Tbk is publicly listed at Indonesia Stock Exchange since 2013. 
The public holds around 37% of the total company share. 

Information :

CBI

Citra Borneo Indah

PBAL

Putra Borneo Agro Lestari

MAS

Masyarakat

SSMS

Sawit Sumbermas Sarana Tbk

MMS

Mitra Mentawai Sejati

MKM

Menteng Kencana Mas

MPP

Mirza Pratama Putra

KSA

Kalimantan Sawit Abadi

TSA

Tanjung Sawit Abadi

SMU

Sawit Multi Utama

CBUT

Citra Borneo Utama Tbk

SPH

SSMS Plantation Holding

SPI

SSMS Plantation International

Primeland / Asset

SSMS’ commitment towards good corporate governance principles ensures any business expansion conducted sustainably and responsibly. In 2016, our expansion and investment increased our total assets by 2.6% to Rp7.163 trillion.

Meanwhile, the management is also taking the initiative to expand the company’s plantation by 10,000 hectares to 100,000 hectares, in line with the vision of growing the estates to a total of 150,000 hectares within the next five years.

Company Milestone

SSMS was established on 22 November 1995, in accordance with Notarial Deed No. 51 of the same date, and began its operation in 2005.

SSMS became publicly listed in 2013 and has continued to grow its business ever since, including through a series of successful acquisitions such as those in 2015.  

1995

 

On 22 November 1995, SSMS was established in Pangkalan Bun, Central Kalimantan.

2004

 

  On 25 March 2004, PT Kalimantan Sawit Abadi (KSA), a subsidiary of SSMS was established at Pangkalan Bun, Central Kalimantan

2013

 

  On 12 December 2013, SSMS has carried out the IPO (Initial Public Offering).

2015

 

SSMS acquired four plantations, namely PT Menteng Kencana Mas ("MKM"), PT Mirza Pratama Putra ("MPP"), PT Tanjung Sawit Abadi ("TSA") and PT Sawit Multi Utama ("SMU").

2018

 

The Company issued US$300 million global bond at The Singapore Exchange Securities Trading Ltd ("SGX"), and established Singapore-based subsidiaries, SSMS Plantation Holdings, Pte. Ltd. and SSMS Plantation International, Pte. Ltd., relating to the issuance of global bond.

2023

 

- Fully payout global bond at maturity - Acquired PT Citra Borneo Utama Tbk (CBUT) becomes majority shareholders - 100% full RSPO and ISPO for estates and POM in upstream

Management

SSMS’s sustainable growth towards its vision to become a world-class plantation company requires a continuously improving strong workforce that delivers high quality results. SSMS, therefore, emphasizes its human resource development effort on comprehensive employee integration as well as targeted recruitment to deliver superior business performance.

Corporate Governance

  • Board of Commissioners

    SSMS’s sustainable growth towards realizing its vision and mission requires a strong, continuously improving management and workforce who are able to  deliver high quality results. We therefore emphasize our human resources development efforts on comprehensive employee integration as well as targeted recruitment to deliver superior business performance.

  • Board of Directors

    The Board of Directors manages the company’s operations in accordance with good corporate governance principles, the industry’s best practices, and the highest sustainability standards. They lead SSMS in delivering added values for all stakeholders.

Board of Directors

Indonesian citizen, resident in Jakarta. President Commissioner of the Company since August 2016, in accordance with Deed of Shareholder Meeting No.21 dated 31 August, 2016 and made before Notary Public Dedy Pramono S.H., M.Kn. Bungaran Saragih has been involved in the palm oil plantation business for 45 years, as a Commissioner of PT Rea Kaltim Plantations since 2007, Chairman of Trustees of Borneo Orangutan Survival Foundation since 2006, and an Advisor to PT Japfa Comfeed Indonesia Tbk. since 2006.

He was previously Chairman of Governors of the International Fund for Agricultural Development and Minister of Agriculture of the Republic of Indonesia. He holds a Masters Degree in Agronomy from the Agricultural Insitute of Bogor (IPB), a Master of Arts in Economics, Statistics and Business from North Carolina State University, and a Doctorate in Philosophy of Economics from North Carolina State University, USA.

Indonesian citizen, resident in Jakarta. A Commissioner of the Company since August 2016, in accordance with Deed of Shareholder Meeting No.21 dated 31 August, 2016 and made before Notary Public Dedy Pramono S.H., M.Kn. Rimbun Situmorang previously served as Chief Executive Officer of the Company between 2013 and 2016. He currently holds a number of positions, including President Director of PT Citra Borneo Indah (2011- present), President Commissioner of PT Kalimantan Sawit Abadi (2011- present) and of PT Sawit Multi Utama (2009- present).

He previously served as a Director of PT Ahmad Saleh Perkasa (2009-2011), Commissioner of PT Sawit Multi Utama (2009- 2011), Director of PT Tanjung Sawit Abadi (2009- 2011), Director of PT Sawit Mandiri Lestari (2005-2007), Director of PT Sawit Multi Utama (2005- 2007), Director of PT CBI (2005- 2007), Director of PT KSA (2005-2007), Director of the Company (2005- 2007), Director of PT Tanjung Sawit Abadi (2005- 2007), Director of PT Mitra Mendawai Sejati (2005-2007), Commissioner of PT CBI (2000-2003), Marketing Manager at PT Mendawai Putra (1997-1999), Head of Commerce PT Barito Putra Nirwana (1994- 1997), and Forestry & Shipping Staff PT Rimba Karya Kalimantan (1992-1994). He received a Bachelors degree from Institut Teknologi Tumpal Dorianus Pardede in 1989. 

Indonesian citizen, domiciled in Pangkalan Bun, Central Kalimantan, Indonesia.
Appointed as President Director (Chief Executive Officer) through the 2024 Extraordinary General Meeting of Shareholders, previously served as Chief Finance Officer (CFO) since March 2020.

He holds a Bachelor of Business Administration from The University of Texas at Austin, USA (1992). Master of Business Administration From Boston Unversity, USA (1995).

He has Experience as Manager Corporate Banking di American Express Bank Jakarta (1995-1999). • Vice Preseident at ABN AMRO Indonesia (1999-2006). • Direktur at UBS Wealth Management Singapore (2006-2008). • Treasure at Raja Garuda Mas Group (2008). • Director two (2) periode at Bank ICB Bumiputera Tbk. (2009-2012). • Deputy President Director and President Director at PT Intan Baruprama Finance Tbk. (2012-2017). • CFO at PT Kencana Agri Ltd Indonesia (2017-2019).

Bachelor Technic of Agraria – Universitas Diponegoro (2003)
Master of Law – Universitas Islam Sultan Agung (2017)

PT Sawit Sumbermas Sarana Tbk : Chief Operating Officer (Januari 2024 hingga saat ini)
PT Sawit Sumbermas Sarana Tbk : Regional Head 1, Regional Head 2 (September 2020 – Desember 2023
PT Menteng Kencana Mas : Group Manager (Maret 2018 – September 2021)
PT Tanjung Sawit Abadi : Estate Manager (April 2015 – Maret 2018)
PT Tanjung Sawit Abadi : Asisten Kepala (Desember 2010 – April 2015)
PT Mitra Mendawai Sejati : Asisten Kebun (Juni 2007 – Desember 2010)
PT Sawit Sumbermas Sarana Tbk : Legal Staff (Oktober 2006 – Juni 2007)
 

  • Bungaran Saragih

    President Commissioner

    Indonesian citizen, resident in Jakarta. President Commissioner of the Company since August 2016, in accordance with Deed of Shareholder Meeting No.21 dated 31 August, 2016 and made before Notary Public Dedy Pramono S.H., M.Kn. Bungaran Saragih has been involved in the palm oil plantation business for 45 years, as a Commissioner of PT Rea Kaltim Plantations since 2007, Chairman of Trustees of Borneo Orangutan Survival Foundation since 2006, and an Advisor to PT Japfa Comfeed Indonesia Tbk. since 2006.

    He was previously Chairman of Governors of the International Fund for Agricultural Development and Minister of Agriculture of the Republic of Indonesia. He holds a Masters Degree in Agronomy from the Agricultural Insitute of Bogor (IPB), a Master of Arts in Economics, Statistics and Business from North Carolina State University, and a Doctorate in Philosophy of Economics from North Carolina State University, USA.

  • Rimbun Situmorang

    Commissioner

    Indonesian citizen, resident in Jakarta. A Commissioner of the Company since August 2016, in accordance with Deed of Shareholder Meeting No.21 dated 31 August, 2016 and made before Notary Public Dedy Pramono S.H., M.Kn. Rimbun Situmorang previously served as Chief Executive Officer of the Company between 2013 and 2016. He currently holds a number of positions, including President Director of PT Citra Borneo Indah (2011- present), President Commissioner of PT Kalimantan Sawit Abadi (2011- present) and of PT Sawit Multi Utama (2009- present).

    He previously served as a Director of PT Ahmad Saleh Perkasa (2009-2011), Commissioner of PT Sawit Multi Utama (2009- 2011), Director of PT Tanjung Sawit Abadi (2009- 2011), Director of PT Sawit Mandiri Lestari (2005-2007), Director of PT Sawit Multi Utama (2005- 2007), Director of PT CBI (2005- 2007), Director of PT KSA (2005-2007), Director of the Company (2005- 2007), Director of PT Tanjung Sawit Abadi (2005- 2007), Director of PT Mitra Mendawai Sejati (2005-2007), Commissioner of PT CBI (2000-2003), Marketing Manager at PT Mendawai Putra (1997-1999), Head of Commerce PT Barito Putra Nirwana (1994- 1997), and Forestry & Shipping Staff PT Rimba Karya Kalimantan (1992-1994). He received a Bachelors degree from Institut Teknologi Tumpal Dorianus Pardede in 1989. 

  • Hoesen

    Commissioner / Independent Commissioner

Corporate Secretary

Dalam rangka memenuhi ketentuan Peraturan Otoritas Jasa Keuangan No. 31/POJK.04/2015 tanggal 16 Desember 2015 tentang Keterbukaan Atas Informasi Atau Fakta Material Oleh Emiten Atau Perusahaan Publik dan Peraturan Otoritas Jasa Keuangan No. 35/POJK.04/2014 tanggal 8 Desember 2004 tentang Sekretaris Perusahaan Emiten atau Perusahaan Publik, PT Sawit Sumbermas Sarana Tbk telah menunjuk Deni Agustinus Damayanto sebagai Sekretaris Perusahaan, terhitung sejak tanggal 2 Januari 2024.

Committee

As a Company that upholds accountability and responsibility principles, SSMS recognizes the importance of Committees which serves to assist the monitoring performance undertaken by the Board of Commissioners, as well as to assist the performance of the Board of Directors. Currently SSMS has an Audit Committee consisting of an Independent Commissioners as Chairman and member, also supported by two professionals, which are Arif M. Prawirawinata and Arini Imamawati.


For the future, SSMS will establish the Nomination and Remuneration Committee and the Business Development and Risk Management Committee. These committees are expected to assist and provide views as well as direction in the corridor of SSMS business implementation. 

Awards and Certification

Notarial Deed

PT Sawit Sumbemas Sarana was established on 22 November 1995 in accordance with Notarial Deed No. 51 of 22 November 1995. The Notarial Deed was made before Notary Public Enimarya Agoes Suwarko, S.H., approved by the Minister of Justice and Human Rights of the Republic of Indonesia by Decision Letter No. C2-8176.HT.01.01.TH.96 of 26 July 1996, and published in Republic of Indonesia Gazette No. 839, Addendum No. 36 of 22 February 2011. The Company began its operation in 2005.

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Company Policy

To support the effectiveness of GCG implementation at SSMS, we have designed corporate governance structures and established the functions, authority, and clear lines of responsibility for each body that supports Good Corporate Governance (GCG)

GCG Policy

Considering the Company's rapid growth, we strive to strengthen our commitment to implementation of the principles of Good Corporate Governance (GCG) in all aspects of the business. Such principles are the universal founding principles of GCG: transparency, responsibility, accountability, independence, and fairness. At this point, SSMS’s business practices always breath sustainability policy as corporate strategy and business success to balance environmental management, social progress and economic success to benefit all our stakeholders.


From the point of view of their implementation, the Company refers to Law No.8/1995 re. the Capital Markets, and Law No.40/2007 re. Limited Liability Companies; Indonesian Investment Board Regulations; Financial Services Authority Regulations; Indonesian Stock Exchange Regulations; and the General Guidance for GCG released by the National Committee for Governance Policy.
 

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Code of Ethics

The Code of Ethics is a guideline for the Company to act in accordance with the ethics and laws when doing work and treating the employee. The Company's Code of Ethics describes the standards that must be adhered to in carrying out the Company's core values, laws, regulations, and existing policies.

Anti Corruption Policy

PT Sawit Sumbermas Sarana Tbk. (SSMS) is committed to and complies with the provisions of applicable laws and supports Indonesia Goverment in terms of eradicating Corruption and Money Laundering.

Anti Corruption Policy to ensure the activities and business within the Company are protected from harmful things, especially involving employees, business partners and government agencies related to the Company Group.

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Human Rights Policy

World-class companies know that respect for human rights is a key guarantee of the sustainability of their businesses. PT Sawit Sumbermas Sarana Tbk. (SSMS), as a world-class palm oil producer, has established a set of Human Rights Policies in accordance with the Human Rights standards laid down in the Guiding Principles of The United Nations on Human Rights and Business (UNGP).

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Biodiversity Policy

 

Perlindungan keanekaragaman hayati bertujuan untuk memelihara proses ekologis agar dapat terus berlangsung untuk menjamin kelangsungan kehidupan manusia. Dalam rangka perlindungan sistem penyangga kehidupan, PT Sawit Sumbermas Sarana Tbk telah menetapkan wilayah, prosedur perlindungan dan tata cara pemanfaatan wilayah perlindungan sistem penyangga kehidupan. Nilai Konservasi Tinggi (HCV) berupa hutan, sumber air, situs budaya/bersejarah, kearifan lokal, sungai dan sempadannya serta Simpanan Karbon Tinggi (HCS) merupakan contoh dari wilayah perlindungan yang ditetapkan oleh Perseroan

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Business Ethics Policy

Perseroan berkomitmen menjalankan bisnis dengan tata kelola yang baik, serta sesuai dengan etika moral yang berlaku. Dengan adanya Kebijakan Etika Bisnis dapat memberikan nilai tambah kepercayaan bagi seluruh pemangku kepentingan.

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POLICY

SSMS maintains an internal control system to ensure that all of its activities are in accordance with the principles of good corporate governance and conform with current laws and regulations. To ensure effective implementation, the company has several charters to strengthen oversight and application of comprehensive internal control.

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Internal Audit Charter

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BOD Charter

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BOC Charter

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Audit Committees Charter

Appointment and Change

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Appointment and Change of Audit Committees

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Appointment and Change of Corporate Secretary