In the fertilizer and chemical trading business, the Company conducts its business activities through PT Rolimex Kimia Nusamas, a subsidiary. Products are imported from overseas to meet the demand of the Indonesian market. Currently, sales to customers are still dominated by entities under Sinarmas group by as much as 60%.
Revenue in the fertilizer and chemical trading business was mainly supported by fertilizer sales 46%, chemical sales 35%, and pesticide sales 17%. In 2020, the Company recorded 181,421 tons of fertilizer sales volume, 94,509 tons of chemical sales, and 5,537 kiloliters of pesticide sales.
In 2020, the amounts of fertilizer and pesticide products imported by the Company were around 2.9% and 6.5% of Indonesia’s total fertilizer and pesticide imports. Fertilizer and chemical products imported by the Company were used to fulfill domestic demands, of which the main customer of the Company are currently various entities of Sinarmas group.
The Company will continue to strive to increase its sales to third parties, to better arrange the cost structure, to increase sales of a wide range of specialty chemical products for various industries and explore the development of a total solution business model.