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Milestones

 

2009

  • Issued inaugural USD Convertible Bond (US$100 million) which is listed on the Singapore Exchange
  • Commenced new plantings in West Kalimantan province
  • Achieved more than 100,000 hectares plantation under management
  • Commissioned 8th palm oil mill
  • Began construction of fractionation plant with annual capacity of 300,000 tonnes

2008

  • Acquired 90,000 of landbank in West Kalimantan province
  • to accelerate plantation expansion plans

2007

  • Listed on the Singapore Exchange Mainboard
  • Issued second Rupiah bonds (Rp 500 billion) which is listed on Jakarta Stock Exchange
  • Began construction of biodiesel plant with annual capacity of 250,000 tonnes
  • Commissioned 7th palm oill mill

2006

  • Obtained international credit ratings from Standard & Poors, Moodys and Fitch
  • Issued inaugural USD 144A-registered bonds (US$160 million) which is listed on the Singapore Exchange

2005

  • Commissioned 6th palm oil mill
  • Commissioned 5th palm oil mill

2003

  • Achieved more than 50,000 hectares plantation under management within a short span of 10 years
  • Issued inaugural Rupiah bonds (Rp350 billion) which is listed on the Surabaya Exchange
  • Commissioned 4th palm oil mill
  • Opened Research Centre and Training School

2002

  • Commissioned 3rd palm oil mill

2001

  • Commissioned 2nd palm oil mill

1998

  • Commissioned 1st palm oil mill

1997

  • Achieved total new planting of more than 17,000 hectares in one year - one of the largest in Indonesia in that year

1992

  • Entered oil palm plantation business