Currently, more and more groups of foreign companies are entering the Indonesian palm oil business. One of them is LG INTERNATIONAL or now called LX INTERNATIONAL. Its spent investment was fantastic, reaching up to Rp. 1 trillion. This step was taken since it saw the huge potential of the palm oil business, both domestically and in the global market. According to IPO News’ investigation, the oil palm plantation they acquired belonged to the BARITO PACIFIC Group.

BARITO PACIFIC Group released two of its oil palm plantations to LX INTERNATIONAL namely PT. Grand Utama Mandiri (GUM) and PT. Tintin Boyok Sawit Makmur (TBSM). After this acquisition, the shareholders of these two companies are PT. Green Global Lestari and PT. Parna Agromas. They are subsidiaries and representatives of LX INTERNATIONAL GROUP in Indonesia. The offices of both companies are located at Pacific Century Place, 33rd Floor, Jalan Jenderal Sudirman, SCBD, Jakarta 12190.

The oil palm plantation of GUM of 17,000 hectares is located in Balai Sepuak Village, Belitang Hulu, Sekadau, West Kalimantan, which also has a Palm Oil Mill (PKS) with a capacity of 60 tons of FFB per hour. Currently, GUM is controlled by Mr. Choi Hi Jin as the President Director and assisted by three other directors namely Mr. Kim Sanghwi, Kwak Soo Duck and Mr. Park Sang Pyo.

Whereas, TBSM with an area of 7,000 hectares is located in Rambin Sub-village, Rambin Village, Kapuas, Sanggau, West Kalimantan, which also has a Palm Oil Mill (PKS) with a capacity of 45 tons of FFB per hour. Currently, TBSM is controlled by Mr. Son Kisuk as the President Director assisted by two directors namely Mr. Byun Sungsoo and Mr. Cho Chang Ho.