PT Perkebunan Nusantara V (Persero) herein after referred to as “Company” is a Plantation State-Owned Company established on March 11th, 1996, originated from the consolidation of expansion business units of PTP II, IV and V located in Riau Province. The business operation has been effectively started since April 9th, 1996 with the head office located in Pekanbaru. Company legal foundation has been determined pursuant to Government Regulation No. 10 year 1996 regarding the Depository of State Capital of Republic of Indonesia for the Establishment of PTP Nusantara V (Persero).
The Article of Association was made by Harun Kamil, SH through the Notarial Deed No. 38 dated March 11th, 1996 and approved by the Decree of Minister of Justice No. C2-8333H.T.01, 1996 and also published in State Gazette No.80 dated October 4th, 1996 and Supplement of State Gazette No. 8565/1996.
Later on, the Company’s Article of Association has been revised with the drafting of Notarial Deed No. 24 dated February 22, 2010 made by Budi Suyono, SH. The amendement comprises the revision of Authorized Capital and Issued and Fully Paid Capital of the Company, and subsequently approved by the Decree of Minister of Justice of the Republic of Indonesia No. AHU-16224.HT.01.AH.01.02.TH.2010 dated March 30, 2010.
Currently, the Company Head Office domiciles at Jl. Rambutan No. 43 Pekanbaru with its business units spread in several Regencies in Riau Province.
Until 2010, the Company managed 52 working units comprises 1 Headquarter, 5 Strategic Business Units (SBU); 25 Nucleus/ Plasma Estates; 12 Palm Oil Mills; 1 unit PKO Mill; 4 Rubber Processing facilities and 3 Hospitals. The Company managed a total of 161.296 hectares of plantation area, consisting of 86.770 hectares of nucleus estate and 74.526 hectares of plasma estate/ smallholders.