{
    "success": true,
    "data": {
        "id": 1844010,
        "msgid": "ptpn-iii-prepares-strategic-programmes-to-support-2026-performance-targets-1783353169",
        "date": "2026-07-06 21:42:19",
        "title": "PTPN III Prepares Strategic Programmes to Support 2026 Performance Targets",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Business",
        "summary": "State-owned plantation holding company PTPN III has unveiled a series of strategic initiatives aimed at strengthening its performance and meeting targets by the end of 2026. The plans include consolidating the state sugar business under PT Sinergi Gula Nusantara, restructuring corporate entities from 69 to 19, and centralising palm oil and sugarcane asset management. The programmes are designed to improve operational efficiency and support national economic policies.",
        "content": "<p>PT Perkebunan Nusantara III (PTPN III) is preparing a number of\nstrategic programmes with its shareholders to strengthen the company\u2019s\nperformance and target achievements by the end of 2026, whilst\nsupporting the government\u2019s agenda to boost the national economy. Acting\nPresident Director of PTPN III, Iswahyudi, stated that the first work\nprogramme relates to the consolidation of the sugar business, where all\nstate-owned sugar mills have now officially been merged into PT Sinergi\nGula Nusantara (SGN) for more efficient management through a single\nentity. \u2018Six sugar mills belonging to RNI, or three sugar companies\nmanaging RNI\u2019s mills, have officially joined our subsidiary that manages\nsugar, in this case PT SGN, so that currently and going forward, all\nmanagement of the state-owned sugar business will be under one entity,\nnamely PT SGN,\u2019 Iswahyudi said during a Hearing Meeting of PTPN III and\nits Subholdings with Commission VI of the Indonesian House of\nRepresentatives at the Parliament Complex in Senayan, Jakarta, on\nMonday. Secondly, PTPN will conduct a shareholder settlement to improve\nthe capital structure. Iswahyudi explained that all palm oil plantation\nassets and management, totalling 570,000 hectares, will be centralised\nunder PTPN IV (PalmCo), whilst all sugarcane land belonging to PTPN 1\nwill be fully managed by PT SGN. This step is taken to ensure the\nmanagement of each commodity is more focused and integrated. The third\nprogramme involves the company carrying out a corporate restructuring by\nsimplifying the number of subsidiaries from 69 entities to approximately\n19 entities by the end of 2026. The restructuring will be conducted\nthrough mergers, simplification, and the liquidation of several\ncompanies. \u2018So there are several companies that we will merge, several\ncompanies that we will roll up, and several companies that we will\nliquidate. We are targeting that by December 2026, from 69 entities\nwithin the group, God willing, it will become 19 entities,\u2019 Iswahyudi\nsaid. PTPN will also strengthen operational excellence this year to\nincrease the productivity of all commodities. The company is still\nprioritising the improvement of its rubber, tea, and coffee businesses,\nparticularly rubber and tea, whose performance remains suboptimal.\nFifthly, PTPN will carry out asset disposition, namely releasing assets\nneeded to support national strategic projects, such as toll road\nconstruction, electricity infrastructure, and other government projects.\nIswahyudi added that PTPN will also accelerate downstream processing and\nextensification, developing value-added products from plantation\ncommodities such as palm oil, sugarcane, coconut, and nutmeg, whilst\nexpanding business development to support government programmes.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/ptpn-iii-prepares-strategic-programmes-to-support-2026-performance-targets-1783353169",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}