Profile of an Indonesian Agribusiness Player: PP London Sumatra Indonesia
Indonesia Investments has updated the company profile of plantation firm PP London Sumatra Indonesia (or Lonsum). This Indonesian plantation company, controlled by the Salim Group, focuses on the production of palm oil, rubber, tea and cocoa on its estates on Sumatra, Java, Kalimantan and Sulawesi (covering more than 110,000 hectares in total). Although the global palm oil seed and rubber trade is expected to remain sluggish in 2014, increased sales (and global price) of crude palm oil (CPO) will impact positively on the company’s financial results.