Smallholders receive IDR 2.6 Billion from Tanoto’s Asian Agri in Palm Oil Partnership

Asian Agri, the major Palm Oil producer founded by businessman and entrepreneur, Sukanto Tanoto, recently concluded a 2.6 billion Indonesian Rupiah transaction with more than 29,000 grassroots partners at a Premium Sharing ceremony attended by the Indonesian Trade Minister.

Since its founding in 1979, Asian Agri has gone from strength to strength. Today, the company manages over 100 000 hectares of palm plantations, and has entered into partnerships with the Association of Village Unit Co-Operatives (KUD), in accordance with Mr Tanoto’s vision of community development.

rge_aa_antoni_premsharingdec16-25

A Sukanto Tanoto philosophy, creating partners in sustainably managed plantations

KUD represents 29 000 smallhold farmers in Indonesia’s Riau and Jambu provinces who manage a total of 60 000 Ha of palm plantations. Through their hard work and entrepreneurial spirit, these small businesspeople have become important partners in the production of sustainable palm oil for export to markets across the globe.

Speaking at the Premium Sharing ceremony Indonesia’s Trade Minister, Enggartiasto Lukita, recognized the excellent partnership between small farmers and Asian Agri, which is one of the biggest players in the palm oil industry. The success of these partnerships is the realization of Sukanto Tanoto’s philosophy of a business that is good for country, climate, community and company.

Asian Agri director Freddy Widjaya attended the ceremony on the company’s behalf and presided over the completion of the large transaction that took place. Noting the enthusiasm for sustainably produced palm oil in the European market, he expressed his optimism about the future of this very successful partnership.

To find out more about this and other uplifting projects being undertaken by the RGE group of companies, please follow Mr Sukanto Tanoto via social media on Facebook, Twitter, Tumblr, About.me or LinkedIn.

Advertisements