Indonesian Palm Oil News (IPO News) – Pupuk Indonesia’s (PI) has recorded an improvement on its’ rank amongst global fertilizer company. In 2023, Pupuk Indonesia “Ranked 6th”, up from 9th place in the previous year.

In 2023 Pupuk Indonesia (PI) a significant milestone. The Company’s vision to establish itself as “A leading global agrosolution and integrated chemical company” is progressively being realized. Pupuk Indonesia’s global ranking has improved from 9th to 6th position in the past year. The ranking was established based on the net profit of firms operating within the same industry.

This achievement demonstrates that the Company’s leadership has effectively managed the company’s operations, thereby bolstering Pupuk Indonesia’s standing as an important global fertilizer player.

The Company has undertaken a number of developments and investment initiatives to ensure its long-term viability, including the Fakfak Fertilizer Industry Estate, Pusri IIIB plant and PIM NPK plant.

PI has begun the development of the National Strategic Project (Proyek Strategis National) Fakfak Fertilizer Industrial Estate in Fakfak Regency, West Papua. On November 23rd, 2023, President Joko Widodo conducted the groundbreaking ceremony for the project. This project was the only new fertilizer industrial area built in the last 40 years in Indonesia. With an annual production capacity of 1,150,000 tons of urea and 825,000 tons of ammonia, the new plant would significantly increase PI Group’s fertilizer production capacity and strengthen its position as the
largest fertilizer producer in Asia Pacific, Middle East, and North Africa.

On December 2023 PI has begun the Engineering, Procurement, and Construction (EPC) phase for the USD 670 million Pusri IIIB project in Palembang, South Sumatra. The plant is expected to produce 445,500 tons of Ammonia and 907,500 tons of Urea annually. The plant will replace Pusri III and IV, and it is part of PTPI’s efforts to improve production efficiency while maintaining national food security by ensuring a reliable fertilizer supply across the country.

On February 2023 PI opened PT Pupuk Iskandar Muda (PIM)’s Lhokseumawe NPK plant. The 500,000 ton per-year facility will expand NPK fertilizer production for domestic and export markets.

Meanwhile, PI had received an additional export permit for 408,000 tons of Urea. Despite the global fertilizer industry’s downward trend in commodity prices, the Company’s commercial segment has become more profitable as exports expanded.

By the end of 2023, total fertilizer and non-fertilizer production had reached 18.84 million tons, or 97% of the target. The performance falls somewhat short of the primary goal due to gas supply difficulties at several Urea plants, as well as the necessity to adjust NPK fertilizer stock arrangements in response to market demand.

By the end of 2023, total fertilizer and non-fertilizer sales had reached 11.70 million tons, or 89.7% of the target. The failure to meet sales volume expectations was mostly due to PSO fertilizer sales reaching just 78.7% since the contract value for fertilizer distribution was less than the government’s allocation. Nonetheless, the Company was able to carry out the contract for subsidized fertilizer distribution with a success ratio of 100.83% in 2023.

The Company believes that economic and industrial conditions will begin to improve in 2024, as evidenced by continued global economic development and strong growth in developing countries. Meanwhile, industrialized countries are still experiencing limited development, causing concern for PI Group, particularly the regarding the
indirect impact on the fertilizer business.

COMPANY PROFILE

Address :
Head office
Gedung Pusri Lantai 1
Jl. Taman Anggrek-Kemanggisan Jaya,
Jakarta 11480-Indonesia
Phone: +62 21 53654900(Hunting), 0800-100-800-1
WhatsApp: +62-811-9918001
Fax: +62 21 5480607/5482455
Email: info@pupuk-indonesia.com
Website: www.pupuk-indonesia.com

Procurement Office
Jl. Menteng Raya No.27, RT 1/RW 10, Kb. Sirih
Jakarta Pusat, DKI Jakarta
021-53654900
Branch Office
Menara Kadin Indonesia, 25th Floor
Jl. H.R. Rasuna Said Kav 2-3. Jakarta Selatan, DKI Jakarta
021-53654900

Marketing & Sales Office
Graha Phonska, Jalan Tanah Abang III No.16
Jakarta Pusat, DKI Jakarta
021-53654900
Dubai Representative Office
DIFC (Dubai International Financial Center)
Gate Village 6, 1st Floor, Unit 8 & 9
Dubai, UAE

Productin Capacity :
Production 2022
Fertilizer 11,796,217 tons
– Urea 7,467,192
– NPK 3,424,685
– Other Fertilizer (SP-36, ZA and ZK) 904,340
Non-Fertilizer 7,066,531
– Ammonia 5,957,455
– Non-Ammonia 1,109,076
Side Products (AlF3, HCl, and CO2) 73,502
Production 2023
Fertilizer 11,647,154 tons
– Urea 7,697,286
– NPK 3,134,663
– Other Fertilizer (SP-36, ZA and ZK) 815,204
Non-Fertilizer 7,121,633
– Ammonia 5,941,798
– Non-Ammonia 1,179,835
Side Products (AlF3, HCl, and CO2) 67,103

Total Assets :
2019 – Rp. 132.13 trillion
2020 – Rp. 122.49 trillion
2021 – Rp. 128.46 trillion
2022 – Rp. 158.72 trillion
2023 – Rp. 143.00 trillion

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