menu bar
close-grey

Release by PT SMART Tbk – Unilever Returns to SMART

Posted: Oct 17, 2011 2 minute read GAR 0 Likes

Jakarta, 17 October 2011 – PT SMART Tbk (SMART) announces today that Unilever has resumed palm oil purchases with the company. SMART has received a purchase order from Unilever today, a decision which SMART views as an acknowledgement of its sustainability commitments including Roundtable on Sustainable Palm Oil (RSPO) certification. SMART also recently announced that it has received its first RSPO certification for some of its operations in North Sumatra. This is part of the plans by SMART’s parent company Golden Agri-Resources (GAR) to certify palm oil operations as at 30 June 2010 by end 2015.

In addition, GAR and SMART will continue to actively engage with stakeholders to find solutions for sustainable palm oil production. For example, GAR has also been working with international NGO, The Forest Trust on the implementation of a Forest Conservation Policy (FCP) which aims to ensure that GAR has a no deforestation footprint and also seeks to achieve long-term sustainable growth for GAR and the palm oil industry. The FCP focuses on there being no development on High Carbon Stock (HCS) forests, where a provisional definition of exceeding 35 tonnes of carbon per hectare will be used as HCS forest definition; no development on High Conservation Value (HCV) forest areas; no development on peat lands; and to have free, prior and informed consent from indigenous and local communities and compliance with all relevant laws and National Interpretation of RSPO Principles and Criteria.


For further information please contact:

For Indonesia/ Singapore:
Claire Yong/ Ang Shih-Huei Pelham Bell Pottinger Asia Tel: (65) 6333 3449
Fax: (65) 6333 3446
Cell: (65) 9185 0761 / (65) 9189 1039
Email: [email protected] / [email protected]

 

About PT SMART Tbk (“SMART”)

SMART is one of the largest, publicly-listed, integrated palm-based consumer companies  in Indonesia with a total planted area of  137,500  hectares  (including smallholders)  as at 30 June 2011. It has integrated operations focused on the production of palm-based edible oil and fat.

Founded  in  1962,  SMART  is  listed  on  the  Indonesia  Stock  Exchange  since  1992.  SMART  is a subsidiary of Golden Agri-Resources  Ltd  (“GAR”),  the  world’s  second  largest  palm  oil plantation company which is listed on the Singapore Exchange.

SMART is focused on  sustainable  palm  oil  production.  Its  primary  activities  include cultivating and harvesting of oil  palm  trees,  processing  of  fresh  fruit  bunch  into  crude  palm  oil  (“CPO”) and palm kernel, and refining CPO into value-added products such as cooking oil, margarine and shortening.

Besides bulk and industrial oil, SMART’s refined products are also marketed under several brands such as Filma and Kunci Mas. Today, these brands have been recognised for their high quality and command significant market share in their respective segmentation in Indonesia.

SMART also manages  all  oil  palm  plantations of  GAR.  This  relationship  benefits  SMART  with its economies of scale in plantation management, information technology, research  and development, sourcing of raw material, and access to a wide domestic and international marketing network.

fb twitter linkedin mail