PALMOILMAGAZINE, JAKARTA – Following its recent establishment, PalmCo, the government’s palm oil plantation company, has initiated numerous reinforcement strategies. Led and managed by Jatmiko Krisna Santosa, PalmCo aims to become the largest world-class company while simultaneously benefiting the local community.
In late 2023, the Ministry of Enterprises and Holding Perkebunan Nusantara III (Persero) officially formed Sub Holding PalmCo, merging PT Perkebunan Nusantara (PTPN) V, VI, and XIII into PTPN IV. PalmCo, focusing on palm oil, was officially established on December 1, 2023. This government strategy aims to enhance efficiency and sustainability on a national scale within the plantation sector.
PalmCo will operate in eight provinces across a total concession area of approximately 746,778 hectares (ha), encompassing 643,787 ha of land. This area includes 586,843 ha of palm oil plantations, 46,534 ha of rubber plantations, 4,254 ha of coffee plantations, and 6,254 ha of tea plantations.
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Director of PalmCo, Jatmiko Krisna Santosa, told that the company would not be getting losses but after the merger, it got fantastic profits.
Palm oil plantation productivity that PalmCo cultivated reached 4,8 tons crude palm oil (CPO)/ha/year, surpassed the average numbers that private companies produced that reached 4,5 tons CPO/ha/year, while the people’s plantation productivity reached about 3,4 tons CPO/ha/year. But he realized there was productivity disparity in many regions where PalmCo operated.
“To escalate plantation production, it would need varieties of operational system in every region, including Anper and KSO as the keys to get disparity numbers smaller,” Jatmiko said to InfoSAWIT in Jakarta.
