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About PT Perusahaan Perkebunan London Sumatra Indonesia Tbk (OTC: PPLFY)
The origin of PT Perusahaan Perkebunan London Sumatra Indonesia Tbk goes back over more than a century to with the initiatives of the London based Harrisons amp Crossfield Plc, as a general trading and plantation management services firm. The London Sumatra plantations, which later came to be known as Lonsum, evolved over time to become one of the world s renowned plantation companies, with almost , hectares of planted oil palm, rubber, tea and cocoa plantations spread across Indonesia s four largest islands. Having diversified into rubber, tea and cocoa in its early years, Lonsum concentrated on rubber throughout Indonesia s formative years as an independent nation, and commenced oil palm production in the s. By the end of the following decade, oil palm had replaced rubber as the Company s primary commodity. Lonsum s inti estates Company owned and plasma estates smallholder farmer , which are currently operational in Sumatra, Java, Kalimantan and Sulawesi, make use of advanced research and development as well as agro management expertise and a highly skilled and an experienced workforce. The scope of the business has broadened to include plant breeding, planting, harvesting, milling, processing and the selling of palm products, rubber, cocoa and tea. The Company now has factories which are operational in Sumatra, Java and Sulawesi. Lonsum is known in the industry for the quality of its oil palm an cocoa seeds, and this high tech business is now a major growth driver for the Company. In , Harrisons amp Crossfield sold its entire interest in Lonsum to PT Pan London Sumatra Plantation PPLS , which took Lonsum public by listing its shares on the Jakarta and Surabaya stock exchanges in . In October , Indofood Agri Resources Ltd, the plantation arm of PT Indofood Sukses Makmur Tbk, became the Company s majority shareholder through its Indonesian subsidiary, PT Salim Ivomas Pratama.
- Endah Resmiati / Corporate Secretary
Current Share Structure
- Market Cap: $670,005,245 - 03/19/2018
- Issue and Outstanding: 6,822,864,000 - 09/30/2011
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