Forbes Indonesia - July 2019

36 | FORBES INDONESIA JULY 2019

pany’s revenues of Rp 2.26 trillion

last year. The company works with

farmers to produce the seeds and

currently has a production capac-

ity of over 53,000 tonnes annually.

Beside producing and selling its own

brand, the company also produces

and sells Monsanto brand seed corn

in Indonesia after Bisi acquired the

multinational group’s production fa-

cility and assets in East Java in 2017.

Bisi’s hybrid seed corn claims to of-

fer up to 40% higher productivity

compared with conventional corn.

While non-hybrid seeds can yield 10

tonnes of maize per hectare, BISI’s

hybrid seed productivity is claimed

try. Farmers’ incomes are improving

and we see new areas of cornfields

especially outside Java in line with

an improved irrigation system,” says

Jemmy Eka Putra, president director

of Bisi International. Jemmy has been

with the company since 1990 and be-

came the president director in 2009.

Based in Sidoarjo, East Java, Bisi

was founded in 1983. The company’s

main business is the production and

sale of hybrid seeds for field crops

like maize and rice, horticultural

seeds, as well as pesticides and fer-

tilizers. However, being the market

leader in hybrid maize, the commod-

ity contributed over 57% to the com-

to be 12 tonnes to 14 tonnes per hect-

are. The company keeps on innovat-

ing as well, releasing one or two new

varieties every year with increased

productivity or greater resistance to

pests and disease.

In horticultural-produce seeds,

Bisi holds around 27% of the mar-

ket share, which makes the company

the second-largest player in a market

crowded with many players. The sec-

tor contributes just over 10% of the

company’s revenue, however Bisi has

POULTRY MEAT CONSUMPTION PER CAPITA (2013-2017)

SUMMARY OF FINANCIAL HIGHLIGHTS FOR THREE YEARS

2018

KG/CAPITA/YEAR

2013 2014 2015 2016 2017

2017

0

1

2

3

4

5

6

2016

Net Sales Operating Sales

Gross Profit Profit for the Year

Poultry

Free range chicken

2.265.615

858.890

497.913

403.870

3,65

0.47 0.52 0.63 0.63

0.78

3.96

4.8

5.11

5.68

880.264

500.723

403.287

803.949

440.639

336.220

2.310.290

1.852.079

IN THOUSANDS OF RUPIAH

SOURCE: BPS

SOURCE: BISI INTERNATIONAL ANNUAL REPORT