What Bakrie Sumatera Plantations does

PT Bakrie Sumatera Plantations Tbk (ticker UNSP on the Indonesia Stock Exchange) is an Indonesian integrated agro-business controlled by the Bakrie Business Group, operating across oil palm and rubber plantations, palm oil processing, natural rubber processing, and oleochemicals production. As of 31 December 2022, the company owned and/or managed 67,591 hectares of plantations across 8 upstream areas in Sumatra, a 0.18% reduction from 67,714 Ha in 2021 due to a decline in immature plantation area. It operates 5 palm oil processing plants, 3 natural rubber processing plants, and 1 oleochemicals processing plant at Kuala Tanjung with a total downstream capacity of 973,500 MT/year (fatty acids, fatty alcohols, palm oil refinery, and kernel crushing). The company employs 7,412 people and is headquartered in Kisaran, North Sumatra, with a corporate center in Jakarta.

The company's technology stack centers on integrated plantation-to-processing operations, with GIS (Geographic Information System) deployed for asset boundary management, block and plant-age mapping, replanting design, precision agronomy (targeted fertilization based on soil/leaf analysis), and production forecasting. Research and agronomic innovation is housed under the Bakrie Agriculture Research Institute (BARI), which conducts ongoing studies on Ganoderma disease management, U-Shape frond management, canopy management, soil pH, and water management on peatlands and tidal swamps. Quantified outcomes include TBS yields of 26-32 tons/ha/year on productive peatlands and improvements of 24-32% in TBS yields from sandy embankment reinforcement with geotextile (91% piping risk reduction). The company's seed business is operated through PT ASD-Bakrie Oil Palm Seed Indonesia, a 2008 joint venture with ASD Costa Rica targeting 20 million seeds/year capacity.

The business model is a B2B commodity supplier model with vertical integration from upstream plantations to downstream processing. Primary revenue streams are the sale of crude palm oil (CPO) and palm kernel oil, natural rubber products, and oleochemicals (fatty acids, fatty alcohols) to enterprise industrial buyers and palm oil traders via direct sales. A secondary segment consists of smallholder farmer partnerships, notably the PSR Kemitraan replanting program, which provides technical support, seeds, and integration into the supply chain. The company maintains a portfolio of certifications (ISPO, ISO 9001:2015, ISO 14001:2015, SMK3, SNI, PROPER) to support market access under tightening sustainability requirements. Pricing is not publicly disclosed, consistent with commodity product dynamics.

Name

Bakrie Sumatera Plantations

Legal name

PT Bakrie Sumatera Plantations Tbk

Website

https://bakriesumatera.com

Company type

Public

Founded year

1911

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

PT Bakrie Sumatera Plantations Tbk is an Indonesian integrated agro-business operating 67,591 hectares of oil palm and rubber plantations with palm oil, rubber, and oleochemicals processing facilities, serving industrial B2B buyers and smallholder farmers. Listed on IDX as UNSP.

Ownership category

akta.pro rank

Product category

Palm Oil and Agro-Commodity Production

NAICS

Fats and Oils Refining and Blending (311225), Starch and Vegetable Fats and Oils Manufacturing (31122), Rubber Product Manufacturing (3262)

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), Natural Rubber & Latex Crop Farming (Hevea, Guayule) (AFAGAGAH)

Keywords

• Palm oil production
• Oleochemicals manufacturing
• Natural rubber processing
• Oil palm plantations
• Downstream agro processing

Headquarters

HQ city

Medan

HQ country

Indonesia

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D

Revenue model

1. Palm Oil and Derivatives: The company operates 5 palm oil processing plants producing crude palm oil (CPO), palm kernel oil, and related derivatives. As of 2022, the company owned and/or managed oil palm and rubber plantations with a total planted area of 67,591 Ha.
2. Natural Rubber Products and Derivatives: The company operates 3 natural rubber processing plants. Rubber plantations are integrated with the plantation operations.
3. Oleochemicals Processing: The company operates 1 oleochemicals processing plant producing fatty acids, fatty alcohols, and related chemical derivatives for industrial customers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

PT Bakrie Sumatera Plantations Tbk is an integrated agro-business that owns and/or manages 67,591 Ha of oil palm and rubber plantations across Sumatra and processes them through 5 palm oil mills, 3 natural rubber processing plants, and 1 oleochemicals plant at Kuala Tanjung. The company sells crude palm oil (CPO), palm kernel oil, refined palm oil, natural rubber, fatty acids, and fatty alcohols in bulk to industrial buyers. It also produces oil palm seeds through JV PT ASD-Bakrie Oil Palm Seed Indonesia.

Product overview

Bakrie Sumatera Plantations operates as an integrated agro-business with a platform of oil palm and rubber plantations spanning 67,591 Ha, supported by upstream processing facilities (3 palm oil processing plants in Sumatera Utara and Sumatera Barat, 3 natural rubber processing plants) and downstream processing capabilities including the Kuala Tanjung Oleochemicals Complex. The portfolio also includes PT ASD-Bakrie Oil Palm Seed Indonesia for seed production. The company produces crude palm oil, refined palm oil, natural rubber, and oleochemical derivatives.

Differentiator

Problem solved

Functional benefit

Brands

• BARI (Bakrie Agriculture Research Institute): Research and innovation division focusing on agronomy research for oil palm plantations

Products and services

• Palm Oil and Derivatives
• Natural Rubber Products and Derivatives
• Oleochemicals
• Oil Palm Seeds
• Smallholder Partnership / PSR Kemitraan Program

Quantifiable outcome

• Plantation area of 67,591 Ha managed across 8 upstream areas and 1 downstream area as of 2022
• +4 more outcomes

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• ASD Costa RicacoreStrategic or Co-development Partner · 1 January 2008PT ASD-Bakrie Oil Palm Seed Indonesia is a joint venture established in 2008 between PT Bakrie Sumatera Plantations and ASD Costa Rica for developing high-quality oil palm seed varieties adapted to local Indonesian conditions. The JV targets production capacity of 20 million seeds per year and is engaged in research, plant breeding, seed production, and sales and marketing of oil palm seeds. This partnership enables BSP to develop proprietary palm varieties and expand production quantity for its own plantations and for sale to third parties.

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• IOI Corporation Berhad: Malaysian integrated palm oil producer with upstream plantations and downstream oleochemicals/refineries producing fatty acids and fatty alcohols serving the same industrial buyer base as BSP's Kuala Tanjung facility.
• First Resources Limited: Singapore-listed Indonesian-focused palm oil producer with integrated plantations and mills of comparable mid-scale. Comparable in plantation-to-CPO integration, sustainability certification profile, and customer base of industrial palm oil buyers.
• PT Astra Agro Lestari Tbk: One of Indonesia's largest listed palm oil producers with a vertically integrated plantation-to-processing model. Directly comparable to BSP in product mix (CPO, palm kernel, downstream derivatives), listed status (IDX), and integrated grower-mill structure, though at significantly larger plantation scale.
• PT Sinar Mas Agro Resources and Technology (SMART): Indonesian-listed palm oil and oleochemicals producer (Golden Agri-Resources group) operating integrated plantations, mills, and downstream processing. Closely comparable in scope of palm oil, oleochemical, and integrated value chain, with overlapping customer base of industrial oleochemical buyers.
• PT Sampoerna Agro Tbk: Indonesian-listed agro-company with oil palm and rubber plantations plus downstream processing. Comparable in integrated upstream-midstream structure, geographic footprint in Sumatra, and product mix spanning palm oil and natural rubber.
• PT PP London Sumatra Indonesia (Lonsum): IDX-listed Indonesian plantation company with oil palm, rubber, and cocoa operations of similar mid-sized integrated structure. Closely comparable product portfolio (palm oil plus rubber) and listed-company governance profile.
• FGV Holdings Berhad: Malaysian-listed integrated palm oil player (formerly Felda Global Ventures) with upstream plantations, downstream oleochemicals, and rubber operations. Highly comparable in integrated value chain, but with Malaysian rather than Indonesian primary operations.

Broad incumbents

• Wilmar International Limited: Asia's largest agribusiness group with extensive palm oil plantations, milling, and downstream oleochemicals/biorefineries. Overlaps with BSP across the full palm-to-oleochemicals value chain and serves similar industrial customers, but at vastly greater scale and global footprint.
• Sime Darby Plantation Berhad: One of the world's largest palm oil producers with integrated upstream plantations, downstream processing, and bulk rubber operations. Substantially larger scale but direct overlap in palm oil, oleochemicals, and natural rubber portfolio.
• Golden Agri-Resources Ltd: Singapore-listed parent of SMART, one of the world's largest vertically integrated palm oil producers with plantations, mills, downstream refining, and oleochemicals. Direct product overlap with BSP across the full palm-to-oleochemicals chain, but at materially larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bakrie Sumatera Plantations