Jakarta, 29 Oktober 2019 – PT Sawit Sumbermas Sarana Tbk (SSMS) held an Extraordinary General Meeting of Shareholders, held at Soewana Hall Energy Building, Jakarta. The agenda of the AGMS is:
1. Agenda 1 meeting held in connection with:
Amendment to Article 3 of the Company's Articles of Association concerning the Company's Purpose and Objectives to conform to the 2017 Klasifikasi Baku Lapangan Usaha Indonesia (KBLI) which requires a Limited Liability Company to adjust its goals and objectives and business activities according to the 2017 Klasifikasi Baku Lapangan Usaha Indonesia (KBLI).
2. Changes in the Structure of Members of the Board of Directors
The 2nd agenda of the meeting was held in connection with:
The Company's plan to change the structure of the positions of members of the Company's Directors by changing the position of Independent Director to Director.
Today's SSMS EGMS was attended by all the Board of Commissioners and Directors of the Company, namely:
Board of Commissioners
1. Bungaran Saragih (President Commissioner)
2. Marzuki Usman (Independent Commissioner)
3. Rimbun Situmorang (Commissioner)
4. Ito Warsito (Independent Commissioner)
1. Vallauthan Subraminam (President Director)
2. Nickholas Whittle (Director)
3. Ramzi Literature (Director)
4. Nasarudin Bin Nasir (Director)
In the aspect of the Company's production, SSMS CPO production until September 2019 reached 320,566 tons, this amount fulfilled around 70% of the target of 457,933 tons of CPO production in 2019. It decreased 4% from the same period in 2018 amounted to 335,162 tons.
In the production of fresh fruit bunches (FFB / FFB) SSMS FFB production target for 2019 is 1.9 million tons, until September 2019 it has reached 1.3 million tons, or has reached 70% of the production target. From these results there was a decrease of 5% from the same period in 2018 which reached 1.4 million tons.
Other production results, namely SSMS palm kernel decreased by 4%, from 65,167 tons in the period to September 2018 to 61,057 tons in the same period in 2019. While in the production of SSMS palm kernel oil (PKO) SSMS which experienced a significant increase, increasing 179%, from 7,832 tons to 14,023 tons.
In terms of sustainability, SSMS recently started collaborating with Daemeter Consulting (CORE) to implement a sustainability policy (suistainibility policy) within the next 3 years. Daemeter is an independent consulting company in promoting sustainable development through responsible and equitable management of natural resources. This is one of the company's commitments in implementing aspects of sustainability as outlined in the SSMS Sustainability Policy.
About the company
PT Sawit Sumbermas Sarana Tbk. (SSMS) is a palm oil company with a mission to realize the full potential of palm oil. SSMS manages integrated businesses in 19 oil palm plantations, seven palm oil mills (PKS), and one palm kernel oil mill in Pangkalan Bun, Central Kalimantan, Indonesia.
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