POSCO International launches PT.PAR, strengthening integrated palm oil value chain

POSCO International has completed the postmerger integration of Indonesian palm oil company Sampoerna Agro, which it acquired last year, and unveiled a new corporate identity for the business under its new name, PT Prime Agri Resources (PT.PAR). The company held a launch ceremony for PT.PAR on Wednesday in Jakarta, Indonesia, formalizing the new brand and signaling a strategic milestone in its agribusiness expansion into a fully integrated palm oil value chain spanning seed development, plantation operations and refining. POSCO International secured management control of Sampoerna Agro through an investment of approximately 1.3 trillion won ($854.9 million) carried out from 2025 through early 2026. The acquisition added 128,000 hectares of plantation across Sumatra and Kalimantan, significantly expanding the company’s upstream production base. It also enabled the company to acquire Indonesia’s second-ranked palm seed business, along with its research and development capabilities. The deal expands POSCO International’s palm oil operations beyond plantation management into seed develWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times