4 Farmers Cooperatives Received Credit Facility from DSN Group

MUARA WAHAU, DECEMBER 14, 2017 – PT Dharma Satya Nusantara Tbk (DSN Group), through its subsidiaries PT Dewata Sawit Nusantara and PT Dharma Agrotama Nusantara, continue to improve the supervision and assistance on Plantation Cooperatives in terms of partnership plantation development in Muara Wahau Area and Kongbeng Sub-district, East Kutai Regency, East Kalimantan Province.

This is realized by providing capital support in the form of credit investment worth IDR 64.5 billion to 4 (four) partners of Multipurpose Cooperative around the plantation area that involving approximately 464 households of partnership farmers for 1,201 ha with details, Seleq Sejahtera Multipurpose Cooperative with 162 Ha for 92 households, Longsep Hidup Baru Multipurpose Cooperative with 64 Ha for 32 households, Usaha Baru Multipurpose Cooperative with 408 Ha for 95 households, and Sawitan Surya Multipurpose Cooperative with 567 Ha for 245 households.

The signing of loan agreement took place at Multi Purpose Building of Muara Wahau Sub-district, East Kutai Regency, on December 14, 2017, which is between PT Dewata Sawit Nusantara and Seleq Sejahtera Bersama Multipurpose Cooperative - Miau Baru Village and Longsep Hidup Baru Multipurpose Cooperative – Longsep Sub-Village, and PT Darma Agrotama Nusantara with Usaha Baru Multipurpose Cooperative - Nehas Liah Bing village and Sawitan Surya Multipurpose Cooperative - Jak Luay village.

The signing ceremony was conducted by Senior Operation Head, Mr. Parlindungan Hasugian, representing PT Dewata Sawit with Mr. Lawai Tingai as Chairman of Seleq Sejahtera Bersama Multipurpose Cooperative and Mr Awun Usat as the chairman of Longsep Hidup Baru Multipurpose Cooperative. In addition, Mr. Parlindungan Hasugian who also represents PT Dharma Agrotama signed a credit agreement with Ms. Maria Mahdalena Tuk As the chairman of Usaha Baru Multipurpose Cooperative and Mr. Hironimus Mat Eng as chairman of Sawitan Surya Multipurpose Cooperative which was held in Multipurpose Building of Muara Wahau Sub-district.

The event was also attended by the Regent of East Kutai Regency, Mr. H. Ismunandar, MT and witnessed by Head of Plantation Service and Head of Cooperative Service of East Kutai Regency, Sub-district Leadership Meeting of Muara Wahau Sub-district and Sub-district Leadership Meeting of Kongbeng Sub-district , The Government of Muara Wahau Village, The Government of Nehas Liah Bing Village, The Government of Deabeq DeDeq Village, The Government of Diak Lay Village, The Government of Bea Nehas Village, The Government of Jak Luay Village, and The Governement of Miau Baru Village. This activity was also attended by all representatives of the Management Committee of Plantation Cooperative who partnered with DSN Group of Muara Wahau site, as well as prominent figures.

Until now DSN Group has made a credit agreement with 14 cooperatives with 3,412 households with a total land area of 7,395 hectares and if converted to rupiah total investment of IDR 354 billion. The investment uses non revitalization funds following the revitalization scheme.

Overall, DSN Group has built partnership plantation with partner cooperatives in the surrounding villages covering 13,858 hectares or about 28% of the core plantation area. The partnership plantation is managed by 22 partner cooperatives in 10 villages in Muara Wahau and Kongbeng sub-districts. The number of farmers participating in this farmer group and cooperative is 6,158 households.

In addition to the development of partnership plantation, DSN Group also cooperates in partnership with local communities in other forms such as the provision of transportation modes both FFB and CPO and light units, construction of infrastructure facilities, purchasing FFB from the community, and so forth. From the total area of the partnership plantation, 3,500 hectares have been legalized in Certificate of Property (Sertifikat Hak Milik/SHM) by The National Land Authority. 

ABOUT PT DHARMA SATYA NUSANTARA Tbk

PT Dharma Satya Nusantara Tbk is a company engaged in the palm oil industry and wood processing industry. The Company was established on 29 September 1980. The Company initially engaged in the timber industry. In the mid-1990s, the Company diversified its business into plantations and the palm oil industry in East Kalimantan. On June 14, 2013, the Company listed its shares on the Indonesia Stock Exchange, with ticker code DSNG.

CONTACT INFORMATION:

Paulina Suryanti
Corporate Secretary
PT Dharma Satya Nusantara Tbk
Jl. Rawa Gelam V Kav. OR / 3B,
Pulogadung Industrial Estate
Jakarta 13930, Indonesia
Phone: + 62-21-4618135. Fax: + 62-21-46834865
Email: corporate.communications@dsngroup.co.id