Profil Perusahaan

PP London Sumatra Indonesia Tbk.

Code : LSIP
Name : PP London Sumatra Indonesia Tbk.
Type : Emiten

Address

Businnes
: Producer of Crude Palm Oil (CPO), Rubber, Cocoa, coconuts and Coffee
Sector Code : D. Consumer Non-Cyclicals
Sector Name : D2
Industry : D23
Sub Industry : D232

Company Status
: PMDN

Foundation Status
: 1962-12-18

Brief of Company Background

PT PP London Sumatra Indonesia Tbk, also known as Lonsum, is a plantation company in Indonesia founded in 1906 when Harrisons & Crosfield Plc, a general trading and plantation management services firm based in London, UK, started its first plantation in Indonesia near the city of Medan in North Sumatra.

Lonsum’s principal activities are plant breeding, planting, harvesting, processing and the selling of palm products, rubber, oil palm seeds, cocoa and tea. In its early years, Lonsum’s diversified crops were rubber, tea and cocoa. Lonsum commenced oil palm plantations in 1980’s and since then oil palm has grown and become primary crop and major growth contributor to the company.

Lonsum listed its shares on Jakarta and Surabaya Stock Exchanges (now Indonesia Stock Exchange) in 1996. In 2007, Indofood Agri Resources Ltd. (IndoAgri) through its subsidiary, PT Salim Ivomas Pratama Tbk (SIMP) acquired and became Lonsum’s majority shareholder. Since the acquisition, Lonsum is part of PT Indofood Sukses Makmur Tbk’s (Indofood) Group and synergising with other companies under Indofood Group.

Lonsum’s estates are located in Sumatra, Kalimantan, Java and Sulawesi. As of December 31, 2023, total nucleus planted area was 111,940 hectares comprising 91,759 hectares of oil palm, followed by 16,238 hectares of rubber and 3,943 hectares of other crops mainly cocoa and tea. Oil palm and rubber plasma partnership was 35,417 hectares.

Lonsum operates 12 palm oil mills in Sumatra and Kalimantan, with a total annual Fresh Fruit Bunch (FFB) processing capacity of 2.7 million tonnes. Lonsum also operates 3 crumb rubber processing facilities, 2 sheet rubber processing facilities, a cocoa factory and a tea factory.

The Research and Development Centre, Sumatra Bioscience or SumBio, in Bah Lias, North Sumatra, plays a central role in improving Lonsum’s productivity and crop quality. SumBio is also known in industry as the producer of superior oil palm seed.

The Indonesian Sustainable Palm Oil (ISPO) certifications started since 2013, following the first certification of sustainable palm oil in North Sumatra. At the end of 2023, Lonsum has achieved 258,000 tonnes of ISPO-certified CPO or 100% of total nucleus CPO production.

VISION

To be the Leading 3C (Crops, Cost, Conditions) and Research-Driven Sustainable Agribusiness

MISSION

To add value for stakeholders in Agribusiness



Shareholder List
NOShareholder NamePercentage
1SIMP59.5100%
2Indofood Agri Resources, Ltd.0.1100%
3Ferdi Gunawan0.0000%
4Public40.3800%

Management

Commissioners
President   :   Moleonoto (Paulus Moleonoto)
Vice President   :  
Commissioners   :   Axton Salim; Hendra Widjaja; Edy Sugito (Independent); Agus Rajani Panjaitan (Independent)
Directors
President   :   Benny (Benny Tjoeng)
Vice President   :   Tan Agustinus Dermawan; Tio Eddy Hariyanto
Directors   :   Joefly Joesoef Bahroeny; In She; Peter Kradolfer; Ferdi Gunawan; Harrijanto Kusumo; Herlina Sugiarto
Audite Committee
President   :   Agus Rajani Panjaitan
Vice President   :  
Audite Committee   :   Goh Kian Chee; Antonius Suwanto