POSCO International completed the post-merger integration of Sampoerna Agro, an Indonesian palm company acquired in 2025, announcing a new corporate identity for its new name, Prime Agri Resources (PT.PAR).
This corporate identity announcement formalizes a new beginning for PT.PAR and signifies that POSCO International has established a palm business value chain extending from seed development to farm operations and the refining business.
POSCO International held the PT.PAR corporate identity announcement ceremony in Jakarta, Indonesia, on June 17.
PT.PAR completed legal procedures in Indonesia and finalized its official corporate name in January.
This event was organized to officially declare its new corporate identity to both internal and external audiences, coinciding with the completion of its post-merger integration.
POSCO International secured management control of Sampurna Agro by completing an investment of approximately 1.3 trillion won from last year to early this year.
This acquisition empowered the company to secure an additional 128,000 hectares of palm plantations spanning Sumatra and Kalimantan.
Furthermore, by acquiring a specialized seed subsidiary with the second-largest market share in Indonesia and leveraging R&D capabilities, POSCO International has significantly enhanced its competitiveness in the palm business.
Through this acquisition, POSCO International has expanded its business scope beyond its existing focus on plantation operations to include seed development capabilities.
Going forward, PT.PAR will serve as a core production base for POSCO International’s palm business and act as the central axis of its seed business capabilities.
With the launch of PT.PAR, POSCO International has completed a three-corporate structure for its palm business in Indonesia, centered around PT.BIA, PT.PAR, and PT.ARC.
These include PT.BIA (26,000 hectares), which operates palm plantations in the Papua region; PT.PAR (128,000 hectares), which conducts plantation and seed businesses in the Sumatra and Kalimantan regions; and PT.ARC (an annual production capacity of 500,000 tons), a palm oil refining company jointly established with GS Caltex.
POSCO International has achieved vertical integration in its palm business, spanning seed development, plantation operations, palm oil production, refined oil production, and the supply of raw materials for biofuels.
The company plans to leap beyond simple plantation operations to become a global food and materials platform encompassing the entire spectrum of foods and bio-material raw materials.
POSCO International’s total area of palm plantations in Indonesia is 154,000 hectares, which is approximately 2.5 times the size of Seoul.
With the effects of expanding the production base and securing capabilities in the seed business now fully reflected, the company aims to more than double the operating profit of its palm business in 2026 compared to 2025.
Building First Integrated Rare Earth and Permanent Magnet Production Complex in the U.S.
In the United States, POSCO International will make a full-scale entry into the business of rare earth separation and refining and integrated permanent magnet production.
On May 21, POSCO International inked an agreement with ReElement Technologies Corporation in Washington, D.C., to promote the establishment of a joint venture for production of rare earth separation and refining in the U.S.
The signing ceremony was attended by POSCO International President Lee Gye-in and ReElement CEO Mark Jensen among other VIPs.
The two companies plan to jointly invest a total of $200 million to build a new rare earth separation and refining plant with an annual capacity of 6,000 tons in the U.S., and to establish an integrated complex that will eventually produce permanent magnets as well.
POSCO International will lead the management of the joint venture as the majority shareholder while ReElement will provide core separation and refining technology to POSCO.
Of the total project budget of $200 million, $100 million will go to the construction of the plant and facilities and initial operating funds, while the remaining $100 million to expansion in the future.
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