PT. Astra Agro Lestari, Tbk has been a stalwart in the palm oil industry for over three decades, weathering various market fluctuations since its inception in 1984. Originating as a business unit of PT Astra International Tbk, the company's journey commenced with a focus on cassava and rubber plantations before strategically venturing into palm oil, a decision consolidated by the acquisition of PT Tunggal Perkasa Plantations in 1984, which bolstered their foothold in the industry.
Embracing a trajectory of robust growth, the company went public in 1997, listing shares on the Jakarta Stock Exchange and the Surabaya Stock Exchange. Presently, PT Astra Agro Lestari Tbk's oil palm plantations span over 266,706 hectares across Sumatera, Kalimantan, and Sulawesi, employing 26,473 people by the end of 2011.
This steady expansion and strategic investments have solidified its position in the market, making it an attractive prospect for investors seeking stability and growth potential within the palm oil sector.
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