Our Business Overview

History of Establishment

PT Toba Pulp Lestari Tbk (“Company”) was established in the framework of the Domestic Investment Law No. 6 of 1968 jo. Law No. 12 of 1970 based on deed No. 329 dated April 26, 1983 from Misahardi Wilamarta, SH, a notary in Jakarta. The deed of establishment was approved by the Minister of Justice of the Republic of Indonesia in his decision letter No. C2-5130.HT01-01 TH.83 dated July 26, 1983, and announced in State Gazette of the Republic of Indonesia No. 97 dated 4 December 1984, Supplement No.1176.

The Company’s Articles of Association have been amended several times, and most recently by Deed Number 06 dated 19 June 2019 from Gunawati, SH, a notary in Deli Serdang Regency. The Articles of Association have been approved by the Minister of Law and Human Rights of the Republic of Indonesia in its decision letter Number AHU.0032845.AH.01.02.T 2019 dated June 25, 2019.

Company Business Activities

In accordance with article 3 of the Company’s Articles of Association, the scope of its activities is to carry out business activities of the Pulp and Chemical Industry to support the pulp industry (including but not limited to chlorine dioxide, chlorine, hydrochloric acid, caustic, nitrogen, oxygen, and sulfur dioxide), Concession of Plantation Forest (includes Eucalyptus Forest Exploitation, Eucalyptus Plant Breeding, Other Forest Concession, and Other Forestry Plant Breeding Exploitation), Timber Goods Industry (including but not limited to primary industry of wood forest products in the form of processing logs into wood chips and other wood products which have not been previously covered), Large Trade in Basic Chemical Materials and Goods, Bounded Warehousing Activities or Bonded Zone Areas, both Bonded Zones within one stretch and Bonded Zones outside the overlay, specifically for activities Companies related to these businesses but above, as well as other activities to support the above business activities, including but not limited to all other business activities to support the raw materials and operational activities of the aforementioned business activities as well as marketing of the products of all the Company’s business activities.