Kinghey Signs Strategic Cooperation with Indonesia’s State-Owned PTPN IV to Build Dual-Cycle Agricul

Recently, Kinghey, a leading domestic food supply chain and group catering enterprise, officially signed a strategic cooperation agreement with PT Perkebunan Nusantara IV (PTPN IV), a major state-owned plantation group of Indonesia. Integrating Indonesia’s tropical agricultural and forestry resources with China’s strengths in food processing and full-group catering industrial chains, the two parties will implement a two-way circular industrial layout featuring "local raw material deep processing, local consumption in Southeast Asia, and cross-border trade with China", boosting in-depth integration of China-Indonesia agricultural and food industrial chains.

As a subsidiary under the PTPN III industrial cluster, PTPN IV operates standardized large-scale planting bases for palm, rubber, coffee and tea across core agricultural regions of Indonesia, supported by complete systems for raw material harvesting, warehousing and local distribution. As a core supplier of high-quality tropical agricultural and forestry raw materials in Southeast Asia, it can provide stable and sustainable supplies of bulk grain, oil and characteristic agricultural products.

This cooperation delivers complementary advantages for both sides. On the upstream supply chain, Kinghey will secure long-term direct procurement channels at origin through the partnership, ensuring steady access to palm oil, coffee, tea and other raw materials. This will improve the Group’s global food ingredient supply network and strengthen raw material supply capacity and cost advantages for its domestic food production, as well as catering services for government institutions, enterprises and schools.

In terms of market operation, Kinghey will export its mature food R&D, intelligent central kitchen manufacturing and standardized group catering operation systems to launch self-owned food product lines targeting Indonesia and broader Southeast Asian markets, filling local gaps in prepared dishes and standardized group catering supporting facilities. The two parties also plan to jointly construct local deep processing factories in Indonesia for on-site refining and food manufacturing of tropical agricultural products. Finished products will be partly supplied to Southeast Asian local markets and partly exported to China cross-border, forming a complete industrial loop featuring overseas value addition and two-way market connectivity.

Zhang Leideyi, Director of Kinghey Group and Executive President of New Venture Capital, attended the signing ceremony as the Group’s representative and gave an interview. He stated that Southeast Asia serves as a core strategic sector for the Group’s global supply chain layout. Endowed with unique tropical agricultural resources, Indonesia, paired with Kinghey’s over 30 years of accumulated expertise in food manufacturing, cold chain logistics and full-coverage group catering services, unlocks enormous industrial coordination potential.

"This in-depth partnership with PTPN IV, a national-level state-owned agricultural conglomerate of Indonesia, marks a milestone in Kinghey New Venture Capital’s cross-border overseas industrial layout," Zhang Leideyi remarked. Leveraging PTPN IV’s large-scale diversified planting foundation, the Group will consolidate its overseas high-quality raw material supply base, expanding domestic supplies of tropical agricultural goods including palm oil, premium coffee and highland tea. Meanwhile, Kinghey will export mature domestic deep-processing technologies and standardized group catering models to help Indonesia extend downstream industrial chains of local agriculture and forestry products and raise their added value.

He further elaborated that the dual-cycle system jointly developed by both sides — "local deep processing of Indonesian raw materials + local consumption across Southeast Asia + cross-border export to China" — aligns closely with the bilateral economic and trade development priorities of China and Indonesia. On one hand, it opens stable long-term export channels for Indonesia’s distinctive agricultural and forestry products to China; on the other hand, Kinghey will leverage its proprietary brands to tap mass consumer markets in Southeast Asia, delivering two-way empowerment and win-win outcomes for agricultural and food industries of both countries.

Rury C Baskoro, Director of Marketing & System Management and signing representative of PTPN IV, delivered a speech at the event. He noted that Indonesia’s state-owned plantation industry has long been committed to expanding international sales channels for specialty agricultural products and extending industrial chains to downstream deep processing sectors. Boasting nationwide end-to-end terminal channels and integrated full-industry chain operation capabilities, Kinghey enables this cooperation to establish permanent export routes for palm, coffee, tea and other commodities to China, while introducing standardized livelihood food supply models to enrich consumption options for local residents and foster mutually beneficial growth of agricultural and food industries in the two nations.

Industry experts commented that the signing of this cross-border strategic cooperation signals the official launch of core overseas raw material base layout by Kinghey, China’s leading group catering supply chain enterprise. A full industrial chain channel has been established linking Indonesian farms directly to dining tables in China while radiating consumer markets across Southeast Asia. Moving forward, both parties will deepen collaboration across large-scale cultivation, intensive processing of agricultural products, cross-border food trade, group catering for government bodies, enterprises and schools in Southeast Asia and other fields, building a benchmark cross-border cooperation project for China-Indonesia agriculture and forestry food sectors and pioneering an innovative model for bilateral agricultural economic and trade collaboration.

Enterprise Profiles

Kinghey

A top domestic enterprise covering full industrial chains of food and group catering, ranked among China Top 500 Private Enterprises. New Venture Capital is the core investment platform directly managed by the Group’s Board of Directors, focusing on overseas raw material base development, cross-border food trade and rollout of overseas group catering projects.

PT Perkebunan Nusantara IV (PTPN IV)

A core state-owned agricultural conglomerate of Indonesia under the PTPN III industrial cluster. It specializes in large-scale cultivation and primary processing of palm, rubber and other characteristic cash crops, acting as a key state-owned entity guaranteeing domestic supply and external exports of grain, oil and tropical agricultural & forestry products in Indonesia.