{
    "success": true,
    "data": {
        "id": 1664681,
        "msgid": "danantara-merges-three-id-food-sugar-factories-into-pt-sgn-1775652796",
        "date": "2026-04-08 18:51:51",
        "title": "Danantara Merges Three ID Food Sugar Factories into PT SGN",
        "author": "Aprillia Ika",
        "source": "KOMPAS",
        "tags": "",
        "topic": "Business",
        "summary": "Indonesia's Danantara Investment Management Agency is merging three sugar factories under ID Food\u2014PT Pabrik Gula Rajawali 1, PT Pabrik Gula Rajawali 2, and PT Candi Baru\u2014into PT Sinergi Gula Nusantara (SGN), a subsidiary of PT Perkebunan Nusantara III, to streamline operations and focus ID Food on trading and distribution. This consolidation aims to capture 47% of the national market share, ensure absorption of SGN's production for market stabilisation, and address ongoing losses, such as the Rp 680 billion deficit in 2025 caused by uncontrolled sugar imports. The move aligns with President Prabowo Subianto's directive to overhaul the national sugar industry for better governance and sustainability.",
        "content": "<p>Jakarta - Danantara Investment Management Agency (DPI) is\ntransferring sugar factories under ID Food to PT Sinergi Gula Nusantara\n(SGN), also known as Sugar Co.\u00a0Chief Operating Officer (COO) of\nDanantara, Dony Oskaria, stated that the agency intends to consolidate\nPT Pabrik Gula Rajawali 1, PT Pabrik Gula Rajawali 2, and PT Candi Baru\nunder ID Food into PT SGN. \u201cIn line with that process, we want to carry\nout consolidation through a merger, combining ID Food into SGN,\u201d Dony\nsaid during a working meeting with Commission VI of the House of\nRepresentatives (DPR RI) at the parliamentary complex in Senayan,\nJakarta, on Wednesday (8\/4\/2026). According to Dony, the transfer of\nthese company assets aims to allow ID Food to focus on operating as a\ntrading company. Meanwhile, PT SGN will focus on becoming an\nagricultural manufacturing company related to sugar and other crops.\n\u201cThis is deliberately done so that they can focus on their respective\ncore businesses,\u201d Dony stated. Meanwhile, ID Food will focus on becoming\na state-owned trading enterprise. \u201cThus, we can control around 47\npercent of the national market share,\u201d said Ghimoyo. He emphasised that\nID Food will continue to play an important role in the downstream sector\nby ensuring that all production from PT SGN is absorbed. According to\nhim, PT SGN, as a subholding under PT Perkebunan Nusantara (PTPN) III,\nwill focus on sugar production. \u201cID Food focuses on trading and\ndistribution for market stabilisation,\u201d Ghimoyo added. Dony mentioned\nthat in 2025, PT SGN or Sugar Co recorded a loss of Rp 680 billion due\nto the domestic market being flooded with imported refined sugar.\n\u201cSugarco recorded a loss of Rp 680 billion due to unfavourable prices\nresulting from uncontrolled sugar imports,\u201d said Ghimoyo. He believes\nthat improvements in the governance of the sugar sector must be carried\nout seriously. He noted that President Prabowo Subianto has requested a\nrestructuring of the national sugar industry. \u201cIf we don\u2019t, these\nmeetings will continue endlessly, Madam. But the impact will never be\nresolved,\u201d said Dony.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/danantara-merges-three-id-food-sugar-factories-into-pt-sgn-1775652796",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}