Astra Agro Lestari (OTC: AAGRY)

Astra Agro Lestari (OTC: AAGRY) is the second biggest palm oil company in Indonesia. It is a subsidiary of PT Astra International Tbk. At least in 2004, it controlled extensive land banks. It has two concessions on peatlands in Riau, with an estimated total area of 20,000 hectares.

AAL is Indonesia’s second largest palm oil company and according to FIDH, “supplies Crude Palm Oil (CPO) through its mills to various consumer companies, including Procter & Gamble, Hershey’s, Kellogg, Unilever, Mondelēz, Colgate-Palmolive, PepsiCo, and Nestlé, amongst others.”

According to Greenpeace, 2007, it has seven concessions on peat in Central Kalimantan. Greenpeace also reported hotspots on five Astra Agro concessions in Riau, two of which were on peatlands. Joko Supriyono was or is a director at Astra Agro and secretary of a palm oil industry lobby group.

The company was listed on the Indonesia Stock Exchange in 1997.

Company typePublic
Traded asIDX: AALI
Industryplantation
Founded1981; 43 years ago
HeadquartersJakarta, Indonesia
Area servedIndonesia
ProductsPalm oil
RevenueRp 14.12 trillion (2016)
Net incomeRp 2 trillion (2016)
Total assetsRp 24.226 trillion (2016)
Number of employees35,400 (2016)
ParentAstra International
Websitewww.astra-agro.co.id

Add a Comment

Your email address will not be published. Required fields are marked *