SSMS - PT. Sawit Sumbermas Sarana Tbk

Rp 1.015

-15 (-1,48%)

JAKARTA. PT Sawit Sumbermas Sarana Tbk (SSMS), a palm oil company, targets to record 33% sales growth to Rp 4.8 trillion this year.

Swasti Kartikaningtyas, Head of Corporate Secretary at SSMS, said that she was optimistic about the target, since the company's fresh fruit bunches (FFB) production is estimated to increase 20% to 1.73 million tons, with a Crude Palm Oil (CPO) production volume of 600 thousand tons.

"We are optimistic because there has been the addition of one palm oil mill which has been operational since December 2019," Kartikaningtyas said, as quoted by Kontan on Sunday (9/2) yesterday.

To achieve this target, SSMS will optimize the utilization of its refinery plant, which at present is still at 70%. "Because it only began operating in mid-2018, we are trying to make it (the utilization) 100%," Kartikaningtyas said. (KR/AR)