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Bumitama Ltd. manages closed to 190 thousand hectares of oil palm plantation in Indonesia, with almost 30% dedicated to smallholders, and operates a total of 15 mills with a processing capacity of 6.4 million metric tonnes annually. Our plantation profile, with a weighted average age of 13.1 years at the close of 2023, is poised to sustain growth in production volume in the upcoming years.
Founded in 1996 and listed on the Singapore Exchange in 2012, Bumitama Agri Ltd. and its Group have grown to be one of the leading Fresh Fruit Bunches (FFB) growers and producers of Crude Palm Oil (CPO) and Palm Kernel (PK) in Indonesia.
Our motto ‘Excellence through discipline’ guides us throughout our work, while dedicated to our vision, mission, and cultural values. We seek continuous improvement through introducing innovative technologies, such as drones or mobile phone applications into our operations, and by constantly reviewing and benchmarking our performance against the one of the industry leaders. We are always mindful of the wellbeing of the key elements surrounding our operations, whether that be our employees, the local communities, or the unique Indonesian biodiversity and natural resources.
The Group has consistently stayed on the path towards achieving higher yields and extraction rates by investing in research and development, technology, and best practices in cultivation of oil palm. These efforts have made us one of the most efficient producers in the industry today, boasting a CPO yield of 4.7 tonnes per ha in 2023.
To be a leading CPO producer through continuous improvement, focus on productivity, cost efficiency, sustainability, and growth.
To enhance shareholders' value.
To improve the benefits and quality of life of our employees.
To improve the welfare of the local communities and the environment.
Bumitama upholds a strong corporate culture that enables an inclusive environment for all. In addition to a firm commitment to pursuing excellence through discipline, a core value that has been handed down by the Lim Family as our founding member for generations, we have redefined our corporate culture to attrain a more efficient format, containing three pillars that lay out six values.
Having principle conduct of moral mindset, speech, attitude that is responsible and wholesome, in sync with social norms, laws and regulations. Leaders with moral well-being will lead ethically; using literacy; produce policies that are fair and just to the organisation.
Morality encompasses:
Having a humble personality, yet behaving appropriately in accordance with the entrusted role, an attitude of respect for others and empathy for those around him.
The desire to interpret sense of justice proportionally in accordance with the entrusted role. A leader with ethical reasoning will develop policies based on the dynamics of the situation at hand, using his literacy skills (in accordance with his field of expertise) that are properly communicated to all parties.
Having a character of continuous development, as well as competency to obtain results that pave the way for best performance, prioritising collaboration in achieving organisational goals.
Capability encompasses:
The desire to strive for stability and continuous development. Concern to details in analyzing problems, generating ideas how to improve further, accelerating achievements, and making improvement as a necessity instead of burden.
The awareness of being part of a team, not an individualist who favors personal achievement. Actively contribute, speak as they are, have courage to voice out with the purpose of the common good.
Having a strong attitude of upholding accountability and sense of duty for roles entrusted by the organisation.
Integrity encompasses:
Taking pride towards the organisation, in the form of staying committed to carry out duties & responsibilities, incorporating company reputation as part of self-identity, as well as participate in protecting and safeguarding the organisation and its resources.
Commitment to be disciplined in carrying out work processes continuously, supervising & monitoring with measurable results, to be persistent and consistent in problem solving to completion, and preparing alternatives as a form of anticipation against various conditions.
Mr. Lim Gunawan Hariyanto, Executive Chairman and Chief Executive Officer of the Group since its inception in 1998, has been pivotal in formulating the Group’s strategic plans and leading business operations. He was appointed to the Board on 23 March 2012 and re-elected on 22 April 2022. He concurrently serves as the Group President Director and CEO of PT Harita Jayaraya since 1998. With expertise encompassing the palm oil and mining industry, he holds a Bachelor of Business Administration degree from the University of Southern California, USA, graduating in 1981.
Ms. Lim Christina Hariyanto, appointed as Executive Director in 2012, became part of the Board on 1 June 2017, and was re-elected on 20 April 2023. Her role focuses on enhancing communication with the financial industry and promoting Bumitama’s initiatives in concert with the Group’s strategic goals.
She has been instrumental in investor relations and corporate communications, earning accolades such as Asiamoney’s “Best in Investor Relations in Singapore” in 2015 and 2016, and the “Best Executive in Singapore” Award in 2016. She is also the President Commissioner of Harita Kencana Sekuritas and a member of the Bumitama Foundation Board of Advisors. A 1990 graduate in Business Administration from the University of Southern California, USA, she was also the Young Presidents’ Organization (YPO) Indonesia Chapter Chair in 2011–2012.
Dato’ Lee Yeow Chor, Non-Executive Director since 23 March 2012, was reelected to the Board on 20 April 2023. He is the Group Managing Director and Chief Executive of IOI Corporation Berhad and a Board Member of IOI Properties Group Berhad, both being public listed companies in Malaysia.
His career began in the Attorney General’s Chambers of Malaysia and the Malaysian Judiciary, as a Magistrate. Elected as the Malaysian Palm Oil Association (MPOA) Chairman since June 2020, he previously chaired the Malaysian Palm Oil Council (2009–2020) and was a Board Director of Bank Negara Malaysia (2015–2018). He holds an LLB (Honours) from King’s College London and a Postgraduate Diploma in Finance and Accounting from the London School of Economics, as well as qualified as a barrister from Gray’s Inn, London, UK.
Mr. Lim Hung Siang was appointed to the Board on 1 June 2018 and re-elected on 12 April 2021. He succeeded Lee Lap Wah George on 18 March 2022 as Lead Independent Director. His expertise spans the transport and engineering sectors, including leadership roles at Singapore Automotive Engineering Group and ComfortDelgro Corporation. Post-retirement in 2007, he consulted for companies in Singapore, China, and France. He holds a Bachelor of Engineering (Mechanical) (First Class Honours) (1973) and a Master of Science (Industrial Engineering) (1979) from the University of Singapore, and attended the Senior Executive Programme at Stanford University, USA (1989).
Mr. Lawrence Lua Gek Pong, joining the Board on 1 January 2020, and re-elected on 20 April 2023, has a distinguished career in banking and finance. He currently serves as the Chairman of Miclyn Express Offshore Limited and a Non-Executive Director of Lygend Resources & Technology Co Ltd.
His past roles include leadership positions at Citibank Private Bank Singapore, Merrill Lynch International Bank Singapore, and DBS Bank Singapore, where he also served as a Member of its Management Committee and Group Head of the Private Bank and subsequently as the senior advisor until his retirement in 2022. He retired from Maitri Asset Management Private Ltd and Azura Investment Partners Pte Ltd in 2023. Awarded the Pingat Bakti Masyarakat (PBM) Public Service Medal in 2021, he is deeply involved in community service and social enterprise mentorship. He was Chairman of IBF Private Banking Industry Workgroup and Member of IBF Standards Committee (2016–2020) and continues to serve on the Advisory Board for Wealth Management at the Singapore Management University. He is the Founding Chairman of a notfor-profit child development organisation (since 1991) and Chairman of the Nee Soon Link Citizens’ Consultative Committee (since 2020). He graduated with a Bachelor of Social Science (Honours in Economics) from the National University of Singapore in 1982.
Mr. Witjaksana Darmosarkoro, appointed as Independent Director on 1 July 2021, and re-elected on 22 April 2022, is also the Director of Sustainability and Smallholders Development at the Secretariat of the Council of Palm Oil Producing Countries (CPOPC) in Jakarta.
His career began in 1984 at the Coconut Research Center in North Sumatra, Indonesia, and he advanced through roles at the Indonesian Oil Palm Research Institute (IOPRI) (2005–2014) and the Indonesia Estate Crop Fund (BPDPKS) (2015). His eminent knowledge in Agronomy and Technical Advisor has allowed him to bring invaluable benefits to numerous oil palm companies throughout the years. He holds a Bachelor’s degree in Soil Science (1983), a Master of Agronomy (1991) from Bogor Agricultural University, Indonesia, and a PhD in Crop Production and Physiology from Iowa State University, USA (1997).
Roebianto, the Chief Operating Officer of the Group since 1 January 2004, brings a wealth of experience to his role in the Group, which he joined in 2003. From his initial position as General Manager in the Engineering Division of Bumitama Gunajaya Agro (BGA), Roebianto now leads and coordinates the Group’s operations across plantation management, engineering, and human capital.
His impressive career, spanning over four decades, began at Indo Plywood (Salim Group) in 1982 as a Field Superintendent. He climbed the ranks within Salim Group, eventually leaving in 1999. He then assumed the role of Director at Chua Sea Joo Plywood Industry Sdn Bhd, Malaysia, until 2003, before serving as General Manager at PT Tirta Mahakam Resources Tbk. Roebianto is a graduate of the Christian University of Indonesia, holding a Bachelor of Civil Engineering degree since 1982. In 2023, he won the Planters Manajemen Transformatif (Transformative Management) award from STIPER Agricultural Institute in Yogyakarta, Indonesia, in recognition of his efforts in transforming the Group’s work culture.
Sie Eddy Kurniawan, the Chief Financial Officer of the Group since 7 January 2013, oversees finance, accounting, and ICT departments, along with strategic and commercial activities. His career in finance began in 1994 at Arthur Andersen as a Financial Auditor and Senior Auditor.
He moved to PricewaterhouseCoopers, advancing to Vice President in Financial Advisory Services. In 2005 he joined Sampoerna Strategic Group as a Business Development Executive and subsequently served as the Chief Financial Officer of PT Sampoerna Agro Tbk until 2012. Widely recognised for his expertise, he was awarded “Top 10 Chief Financial Officer in Singapore 2023” by CEO insights ASIA Magazine. He holds a Bachelor of Economics degree from Parahyangan Catholic University, Indonesia, obtained in 1994.
Lim Sian Choo, the Chief Sustainability Officer since 27 May 2020, joined the Group in 2011. Her responsibilities encompass Corporate Secretarial Services and Corporate Social Responsibility, working closely with stakeholders, including the RSPO, in various capacities. She is an active member of numerous RSPO standing committees, working groups, and task forces, including as a member and co-chair of the Complaints Panel.
Her career started in 1982 as a Chartered Accountant, and subsequently she held significant roles in various companies, including the Hong Leong Group of Malaysia as Group Financial Controller until 2011. In 2009, she served as a Non-Executive Director and Audit Committee member of Southern Steel Berhad. She earned her Bachelor of Commerce and Administration degree from Victoria University, Wellington, New Zealand, in 1981, and is a member of the Malaysian Institute of Accountants.
Bumitama Agri’s operations are based in Central and West Kalimantan, and Riau with corporate offices based in Singapore and Jakarta.
Asiamoney Award in 4 categories:
The Edge Singapore – Centurion Club Awards 2023 of the Highest Growth in Profit After Tax Over Three Years in the Food & Beverages + Retailers sector
RSPO – Conservation Leadership Award
Asiamoney Award in 3 categories:
Asiamoney Award for Most Outstanding Company in Singapore – Small/Mid Caps Sector
Asiamoney Award for Most Outstanding Company in Singapore (Consumer Staples)
FT High-Growth Companies Asia-Pacific 2020 from the Financial Times
Distinguished Member of ‘Singapore’s Fastest Growing Companies 2020’ from The Straits Times Certificate
Asiamoney Award in 2 categories:
‘Most Profitable Company’ (Agriculture Sector) from The Edge Billion Dollar Club, 3 years in a row from 2017 to 2019
Asiamoney Award in 3 categories:
Asiamoney Award in 7 categories:
Asiamoney Award in 3 categories:
‘Frost & Sullivan Indonesia Excellence’ Award
Forbes Asia 200 ‘Best Under A Billion’ Award
Silver Award For Best Annual Report Category “First – Year Listed Companies” from Singapore Corporate Awards (SCA)
Alpha Southeast Asia 6th Annual Deal & Solution Award 2012 for Best IPO for Retail Investors in Southeast Asia
Runner Up, Most Transparent Award Category O : New Issues
09 May 2024 01.10 AM SGT
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| General Enquiries | : | general@bumitama-agri.com |
| Investor Relations | : | investor.relations@bumitama-agri.com |
| Sustainability & CSR | : | sustainability@bumitama-agri.com |
| Recruitment | : | recruitment@bumitama-agri.com |
10 Anson Road, #11-19 International Plaza, Singapore, 079903
Tel:+65 6222 1332 | Fax:+65 6222 1336
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