PT Sinar Mas Agro Resources and Technology
PT SMART Tbk is an integrated Indonesian palm-based agribusiness and consumer products company operating from 137,000 hectares of plantations through refining to global distribution, serving food manufacturers, cosmetics firms, bioenergy buyers, and retail consumers across 100+ countries.
- Company typePublic
- Founded1996
- HeadquartersJakarta, Indonesia
- Headcount5,001–10,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What PT Sinar Mas Agro Resources and Technology does
PT Sinar Mas Agro Resources and Technology Tbk (PT SMART Tbk) is a leading integrated palm-based agribusiness and consumer products company headquartered in Jakarta, Indonesia and listed on the Indonesia Stock Exchange (IDX: SMART). The company operates as a core operating subsidiary of Golden Agri-Resources (GAR), itself listed on the Singapore Exchange, and forms part of the Sinar Mas Group. Its operations span approximately 137,000 hectares of oil palm plantations in Indonesia (including plasma smallholder schemes), with the broader GAR group managing over 537,720 hectares including third-party smallholders.
The company's product portfolio covers crude palm oil (CPO), refined consumer products (cooking oil/minyak goreng, Filma margarine, shortening, specialty vegetable fats), oleochemicals (fatty acid esters for cosmetics and industrial use), and biodiesel/bioenergy. Distribution reaches over 100 countries through direct B2B sales, ex-tank operations, and the in-house Golden Agri-Maritime shipping network coordinating 30-40 vessel shipments per month. Core proprietary technology assets include the SmartTrace blockchain-based traceability platform, SMART ACT digital human rights due-diligence application, Indonesia's first commercially approved drought-tolerant Dami Mas MTK oil palm seed (developed by SMARTRI), and an Integrated Pest Management system using biological controls.
Revenue is generated through commodity-priced B2B bulk sales benchmarked to international palm oil prices (e.g., Malaysian Palm Oil Board), industrial ingredient contracts, and Indonesian retail distribution of branded consumer packaged goods. Go-to-market combines enterprise field sales (dedicated account management with global food manufacturers, cosmetics companies, and bioenergy producers) with channel partners (distributors, ex-tank operators, and logistics providers). Sustainability programs, including the Sawit Terampil smallholder initiative co-sponsored with MARS and Fuji Oil, and the Sustainable Palm Oil Landscape Initiative with IDH and Mondelēz, are central to commercial positioning as customer procurement policies increasingly require traceable, NDPE-compliant palm oil.
PT Sinar Mas Agro Resources and Technology firmographics
Firmographics- Name
- PT Sinar Mas Agro Resources and Technology
- Legal name
- PT Sinar Mas Agro Resources and Technology Tbk
- Website
- https://smart-tbk.com
- Company type
- Public
- Founded year
- 1996
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- PT SMART Tbk is an integrated Indonesian palm-based agribusiness and consumer products company operating from 137,000 hectares of plantations through refining to global distribution, serving food manufacturers, cosmetics firms, bioenergy buyers, and retail consumers across 100+ countries.
- Ownership category
- akta.pro rank
PT Sinar Mas Agro Resources and Technology industry classification
Industry- Product category
- Edible Oils and Fats
- NAICS
- Fats and Oils Refining and Blending (311225), Starch and Vegetable Fats and Oils Manufacturing (31122), Soybean and Other Oilseed Processing (311224), Oilseed and Grain Farming (1111)
- SIC
- Fats & Oils (2070), Agricultural Production-Crops (100)
- akta.pro primary industry
- Palm Oil Milling, Refining & Fractionation (AFAKAEAB)
- akta.pro secondary industries
- Tropical Oils & Fractions (Palm, Palm Kernel, Coconut) (AFAJALAD), Fats, Oils & Lipid Ingredients (Specialty Oils, MCTs, Structured Lipids) (CRADAOAL), Edible Oil Packaging, Bottling & Private Label Manufacturing (AFAKAEAJ)
Keywords
Where PT Sinar Mas Agro Resources and Technology is headquartered
LocationHeadquarters
- HQ city
- Jakarta
- HQ country
- Indonesia
- HQ region
- Asia
Offices5 records
Markets served
PT Sinar Mas Agro Resources and Technology business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Supply Chain, Infrastructure, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Palm Oil Production and Trading: The company manages approximately 137,000 hectares of oil palm plantations in Indonesia (including plasma schemes), harvesting and processing fresh fruit bunches into crude palm oil (CPO) and palm kernel (PK), with global trading of palm-based products to over 100 countries.
- Refined Palm-Based Consumer Products: Processing CPO into consumer-facing products including cooking oil (minyak goreng), margarine (Filma brand), shortening, and lauric fats for both consumer and industrial applications, sold through distributors and direct to manufacturers.
- Oleochemicals: Production of fatty acid esters and specialty oleochemicals designed for cosmetics, personal care, and industrial applications, serving B2B customers in the beauty and personal care industries.
- Biodiesel / Bioenergy: Production of palm-based biodiesel and bioenergy, supporting the Indonesian government's food and energy self-sufficiency targets. Utilizes biomass residues from palm oil processing including fiber and palm kernel shells for renewable energy generation.
- Food and Nutrition Innovation: Development and production of innovative food and nutrition products leveraging palm-based ingredients, including specialty food products and applications.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | B2B commodity and industrial product sales |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels6 records
PT Sinar Mas Agro Resources and Technology product offering
Product offeringCore offering
PT SMART operates an integrated palm oil value chain encompassing seed breeding, plantation management, milling, refining, and kernel crushing to produce crude palm oil (CPO), palm kernel oil, cooking oil, margarine (Filma), shortening, specialty fats, oleochemical fatty esters, and biodiesel. Products are sold globally to industrial food manufacturers, cosmetics and personal care producers, and bioenergy buyers, while select branded cooking oils are distributed to Indonesian retail consumers.
Product overview
PT Sinar Mas Agro Resources and Technology (PT SMART Tbk) operates as an integrated palm-based consumer products company. The core product portfolio consists of palm-based food products (cooking oil, margarine, shortening, specialty vegetable fats), oleochemicals for industrial and cosmetic applications, and bioenergy/biodiesel. The company also offers a proprietary blockchain-based traceability platform called SmartTrace that enables supply chain visibility from plantation to final product. Supporting capabilities include food and nutrition innovation research, all built upon the company's integrated operations spanning approximately 137,000 hectares of palm plantations to finished consumer and industrial products, including trading activities to over 100 countries globally.
Differentiator
Problem solved
Functional benefit
Brands
- Sawit Terampil: A smallholder capacity-building program developed by Sinar Mas Agribusiness and Food in partnership with MARS and Fuji Oil to train oil palm farmers in sustainable agricultural practices.
- SmartTrace
- Bright Future Initiative
- Collective for Impact
- Dami Mas
- SmartTrace
- SMART ACT
Products and services
- Palm-based Food Ingredients (cooking oil, margarine, shortening, specialty fats)
Quantifiable outcome
- 99.8% Traceability to Plantation (TTP) achieved for Indonesian palm supply chain in 2025
- +5 more outcomes
Companies that use PT Sinar Mas Agro Resources and Technology
Customer profileNamed customers4 records
Segments5 records
Ideal customer profiles2 records
PT Sinar Mas Agro Resources and Technology technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
PT Sinar Mas Agro Resources and Technology partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core and minor.
- IDH (Sustainable Trade Initiative)coreIDH partnered with Mondelēz International and Sinar Mas Agribusiness and Food through the Sustainable Palm Oil Landscape Initiative in Aceh and North Sumatra, a four-year program supported by the governments of the Netherlands and the United Kingdom through NISCOPS. The initiative focuses on strengthening sustainable palm oil governance and improving smallholder readiness for NDPE commitments.
- Mondelēz InternationalcoreMondelēz International co-invests in the Sustainable Palm Oil Landscape Initiative with IDH and Sinar Mas Agribusiness and Food, supporting smallholder certification and sustainable palm oil supply chain development in Aceh and North Sumatra.
- Siemens IndonesiacoreSiemens Indonesia signed a Memorandum of Understanding (MoU) with PT SMART Tbk to accelerate palm-based oleochemicals digital transformation using Industry 4.0 technologies. The collaboration includes data exchange, a digital transformation roadmap, project implementation support, and employee upskilling through Siemens' SITRAIN training program. The increased production of palm-based products is expected to support the Indonesian government's food and energy self-sufficiency targets over the next four to five years.
- KoltivacoreKoltiva serves as the implementation partner for the Sawit Terampil (Skilled Palm) program, providing a comprehensive technology ecosystem including KoltiTrace platform and field agronomists and agents to help farmers achieve sustainability standards.
- MARScoreMARS co-sponsored the Sawit Terampil program alongside Sinar Mas Agribusiness and Food and Fuji Oil, supporting over 4,000 independent smallholder farmers in the Leuser Ecosystem area in Aceh and North Sumatra. The program provides training and support for sustainable palm oil practices.
- Fuji OilcoreFuji Oil partnered with Sinar Mas Agribusiness and Food and MARS to co-sponsor the Sawit Terampil program supporting smallholder farmers in achieving sustainable palm oil certification.
- SMART Research Institute (SMARTRI)coreSMARTRI serves as the company's research division providing agronomic guidance and technical expertise for the Sawit Terampil program. Also develops proprietary palm seed varieties including the Dami Mas MTK drought-tolerant variety and conducts continuous innovation in palm genetics and sustainable production.
- Tzu Chi Foundation (Yayasan Tzu Chi)minorTzu Chi Foundation is listed as one of the company foundations. The foundation collaborates on community health service initiatives, including providing free medical services in collaboration with company operations in Sarolangun, Jambi.
- Eka Tjipta Foundation (Yayasan Eka Tjipta)minorOne of the company foundations focused on community development and social responsibility activities under the Sinar Mas Group.
- PT Bahana Karya Semesta (BKS)minorBKS is a subsidiary of Sinar Mas Agribusiness and Food that collaborated with PT Primatama Kreasimas (PKM) and Tzu Chi Foundation to provide free healthcare services to 600 residents in Sarolangun, Jambi in July-August 2026.
- PT Primatama Kreasimas (PKM)minorPKM is a subsidiary of Sinar Mas Agribusiness and Food that collaborated with PT Bahana Karya Semesta (BKS) and Tzu Chi Foundation to provide free healthcare services to 600 residents in Sarolangun, Jambi.
Scale indicators15 records
Recent moves7 records
Expansion highlights5 records
PT Sinar Mas Agro Resources and Technology competitors and assessment
Company assessmentDirect peers
- IOI Corporation: Malaysian integrated palm oil company with plantations, refineries, and oleochemicals manufacturing serving food and industrial customers globally. Comparable to SMART in upstream-downstream integration, sustainability certifications (RSPO), and specialty fat/oleochemical exposure.
- Boustead Plantations: Malaysian-listed palm oil plantation company with integrated upstream operations and downstream refining. A regional peer with similar plantation/refinery structure but a smaller downstream consumer-products footprint than SMART.
- Astra Agro Lestari: Indonesian palm oil plantation company listed on the IDX, operating a comparable upstream-to-refinery model with strong domestic market presence. Closest domestic competitor to SMART in Indonesian plantation acreage, CPO production, and downstream processing.
- Felda Global Ventures (FGV): Malaysian integrated palm oil operator with significant smallholder-linked upstream supply and downstream refining. Comparable to SMART in mill/processing footprint, RSPO focus, and exposure to smallholder certification programs.
- Wilmar International: Asia's largest palm oil processor and merchandiser, with integrated plantations, refining, oleochemicals, and consumer pack oils across more than 30 countries. Competes head-to-head with SMART in CPO trading, specialty fats/margarine, and biodiesel, and is the most direct global benchmark for SMART's vertically integrated model.
- Golden Agri-Resources: Listed parent company of PT SMART on the Singapore Exchange, operating as a fully integrated palm oil plantation-to-consumer products platform with global distribution. GAR consolidates SMART's operations and is its closest publicly traded comparison, sharing the same plantations, refineries, and end markets.
- Musim Mas: Singapore-headquartered integrated palm oil company with plantations, refineries, and downstream oleochemicals serving food, personal care, and bioenergy markets. Comparable to SMART across the full palm value chain with similar sustainability positioning.
- Sime Darby Plantation: One of the world's largest palm oil producers with integrated plantations in Indonesia and Malaysia, plus downstream refining. Comparable to SMART in upstream scale, NDPE commitments, and bulk CPO exposure, though with stronger Malaysian operational footprint.
Broad incumbents
- Cargill: Global agribusiness giant with significant palm oil sourcing, refining, and trading operations alongside a much broader agricultural commodities portfolio. Overlaps with SMART in B2B palm oil supply to food manufacturers and in oleochemicals, but operates as a broad incumbent rather than a palm-specialist.
Emerging players
- Olam International (ofi): Singapore-headquartered food and agri-business with palm, cocoa, coffee and edible nuts supply chains, recently restructuring its palm operations. Overlaps with SMART in edible oils sourcing and downstream customer relationships, particularly for food manufacturers in emerging markets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
PT Sinar Mas Agro Resources and Technology social profiles
Digital presencePT Sinar Mas Agro Resources and Technology compliance and trust
Trust signalCompliance3 records
PT Sinar Mas Agro Resources and Technology financial estimates
Financial estimateRevenue estimate
Valuation estimate
PT Sinar Mas Agro Resources and Technology leadership team
Management profileNumber of profiles
Profiles1 record
PT Sinar Mas Agro Resources and Technology subsidiaries and ownership
Company hierarchySubsidiaries5 records
PT Sinar Mas Agro Resources and Technology funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PT Sinar Mas Agro Resources and Technology M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PT Sinar Mas Agro Resources and Technology
What does PT Sinar Mas Agro Resources and Technology do?
PT SMART operates an integrated palm oil value chain encompassing seed breeding, plantation management, milling, refining, and kernel crushing to produce crude palm oil (CPO), palm kernel oil, cooking oil, margarine (Filma), shortening, specialty fats, oleochemical fatty esters, and biodiesel. Products are sold globally to industrial food manufacturers, cosmetics and personal care producers, and bioenergy buyers, while select branded cooking oils are distributed to Indonesian retail consumers.
Is PT Sinar Mas Agro Resources and Technology a public or private company?
PT Sinar Mas Agro Resources and Technology is a public company. It is classified as public and is currently operating.
When was PT Sinar Mas Agro Resources and Technology founded?
PT Sinar Mas Agro Resources and Technology was founded in 1996. It employs 5,001 to 10,000 people.
Where is PT Sinar Mas Agro Resources and Technology based?
PT Sinar Mas Agro Resources and Technology is headquartered in Jakarta, Indonesia, in the Asia region.
How does PT Sinar Mas Agro Resources and Technology make money?
Five revenue lines are on record. Palm Oil Production and Trading is the primary driver. The others are refined Palm-Based Consumer Products, oleochemicals, biodiesel / Bioenergy and food and Nutrition Innovation.
Who are PT Sinar Mas Agro Resources and Technology's main competitors?
Direct peers on record are IOI Corporation, Boustead Plantations, Astra Agro Lestari, Felda Global Ventures (FGV), Wilmar International, Golden Agri-Resources, Musim Mas and Sime Darby Plantation. Cargill is listed as a broad incumbent. Olam International (ofi) is listed as an emerging player.
Does PT Sinar Mas Agro Resources and Technology have an API?
No public API is recorded for PT Sinar Mas Agro Resources and Technology.
What industry is PT Sinar Mas Agro Resources and Technology in?
PT Sinar Mas Agro Resources and Technology's product category is Edible Oils and Fats. Its primary akta.pro industry code is AFAKAEAB, Palm Oil Milling, Refining & Fractionation, with a secondary code of AFAJALAD, Tropical Oils & Fractions (Palm, Palm Kernel, Coconut). Its NAICS code is 311225 and its SIC code is 2070.