KONTAN.CO.ID - JAKARTA. PT KLK Agriservindo is a multinational company from Malaysia that operates in the agribusiness sector, primarily in palm oil and rubber plantations and processing. KLK itself has the largest operational areas in Malaysia, Indonesia, and Liberia. In Indonesia, KLK has plantations in North Sumatra, Banka Belitung, Riau, East Kalimantan, and North Kalimantan. The total area of KLK plantations reaches about 216,000 hectares of palm oil plantations. The ownership of this land is spread across 26 subsidiaries. The Head of Public and Government Affairs of KLK Indonesia, Mustafa Daulay, in his presentation to the media on Friday (15/3), said that they are committed to sustainability, especially not burning for new planting. They also monitor hotspots every day.
Baca Juga: VinFast Allocates Initial Investment of US$ 200 Million to Build Electric Car Factory in Indonesia "We are committed to no deforestation in our operations," said Mustafa. He continued, that every new area that is potential for all palm oil development will undergo a high carbon stock approach (HCSA) and high conservation value (HCV) assessment to determine the planting area and focus on areas that meet the low carbon stock criteria that do not have provable HCV, before and approval has been obtained from the rights holder. From a business perspective, until September 30, 2023, KLK has invested a total of US$ 780 million in Indonesia. From this investment, KLK recorded revenue of US$ 600 million and a profit of US$ 93.2 million until the third quarter of 2023.
