PTPN III Records Post-Transformation Increase in Production of Plantation Commodities
For CPO, the average price has increased by 26 percent and sugar 7.5 percent above the average price in 2019. Besides, PTPN Group has also penetrated the retail market by launching various products including 1 kg packaged sugar, cooking oil, coffee, and tea.
Imelda further explained that PTPN Group’s six priority programs consist of Operational Excellence, organizational & HR restructuring, asset divestment, asset optimization & cooperation, financial transformation, company restructuring.
Perkebunan Nusantara PTPN III (Persero) targets operational excellence for all subsidiaries to be achieved through strengthening management reviews, forming an inspectorate team to carry out field monitoring so that SOPs run effectively.
Then, optimizing the role of Indonesian plantation research as an escort consultant for increasing production, implementing IT (digital farming, IOT & GIS, fleet management), increasing human resource competence, especially in the technical field, and enhancing the culture of planters.
The transformation priority program above will not be effective if efficiency in the company is not promoted. For this reason, PTPN Group consistently implements the CRP (Cost Reduction Program) and CPP (Cost Postponed Program).
Going forward, PTPN has compiled the 2020-2024 RJPP by setting the focus of the main commodities to be prioritized.
In the long-term plan, PTPN will expand the area of superior commodities, especially palm oil and sugarcane, by structuring its portfolio through the conversion of unproductive land, strengthening rubber, tea and coffee in the highlands through intensification, optimizing cash flow, and selective business expansion. []
