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Chemical Trading

The fertilizer & chemical trading business line is run by PT Rolimex Kimia Nusamas, the Company’s direct subsidiary. PT Rolimex Kimia Nusamas engages in trading of fertilizers, pesticides, and chemicals. The products are imported from overseas and sold to customers in Indonesia. The majority of the business of PT Rolimex Kimia Nusamas is currently associated with the subsidiaries of Sinarmas group.

Fertilizer sales volume was 398,130 tons in 2018, increasing from previous year’s sales volume of 377,525 tons.

Pesticide sales volume was 3,617 kl in 2018, decreasing from previous year’s sales volume of 3,835 kl.

Meanwhile, chemical sales volume in 2018 was 70,447 tons, increasing from previous year’s sales volume which was 37,585 tons.

The Company recorded revenues from fertilizer & chemical trading business of USD 169.8 million in 2018, achievement of 93.6% of the target of USD 181.4 million.

For chemical trading business prospect, the Company and subsidiaries will continue to run operational activities and improve the variety of products to increase market penetration. Currently, chemical trading business sells its products to entities in Sinarmas group and third parties. The Company expects to increase proportion of sales to third parties in the coming years.