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Toba Lake
Samosir Island
Berastagi
Tongging
Poncan Island |
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London
Sumatra Indonesia
Jl. Ahmad Yani Medan
North Sumatra - Indonesia |
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The
origin of PT. Perusahaan Perkebunan London Sumatra Indonesia
Tbk goes back a century to 1906 with the initiatives of the
London-based Harrisons & Crossfield Plc (H&C), as
a general trading and plantation management services firm.
The London-Sumatra plantations, which later came to be known
as “Lonsum”, evolved over time to become one of
the world’s renowned plantation companies, steeped in
history. Lonsum survived World War II and the Indonesian independence
revolution in the forties. It went through the tumultuous
era of the formative years of the newly independent nation
during the fifties and early sixties which, among other things,
included the nationalisation of foreign-owned companies in
Indonesia. More recently, it survived the worst financial
and economic crisis ever to hit this part of the world in
the late nineties.
In 1994, Harrisons & Crossfield sold its entire interest
in Lonsum to PT. Pan London Sumatra Plantation (PPLS), which
took Lonsum public by listing its shares on the Jakarta and
Surabaya stock exchanges in 1996. Since then, Lonsum has pursued
a strategy of expansion of its plantation business in Indonesia,
relying on its management expertise, high crop yields, abundant
land and relatively competitive cost structure to focus primarily
on oil palm, palm seeds and rubber commodities.
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