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Formerly | PT Panganjaya Intikusuma (1990–1994) |
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Company type | Public ( Perseroan terbatas ) |
Industry | Food |
Predecessors |
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Founded | August 17, 1990 |
Founder | Liem Sioe Liong |
Headquarters | Jakarta, Indonesia |
Area served | Worldwide |
Key people |
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Revenue | Rp 99.35 trillion (2021) |
Rp 9.831 trillion (2019) | |
Rp 4.91 trillion (2019) | |
Total assets | Rp 96.198 trillion (2019) |
Total equity | Rp 54.202 trillion (2019) |
Owner | Salim Group |
Number of employees | 70,000 (2016) |
Parent | First Pacific |
Divisions |
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Website | www.indofood.com |
PT Indofood Sukses Makmur Tbk, doing business as Indofood, is a major Indonesian company involved in the food industry. The company's headquarters are located in South Jakarta, Jakarta. It is known for its brand of instant noodles named Indomie. [1] [2]
Indofood was founded in 1969 as Lambang Insan Makmur, an instant noodles business[ citation needed ], with its brand Indomie launching in 1972. [3] The company restructured on August 14, 1990, as PT Panganjaya Intikusuma. [2] [4] In 1994, the company was renamed to PT Indofood Sukses Makmur, and it was listed on the Indonesian Stock Exchange on July 14, 1994. [2] [4] It is one of the companies owned by the family of Sudono Salim under the Salim Group. [5]
In January 2013, as part of a filing for the Indonesia Stock Exchange, Indofood said it was planning to buy 50% of Brazilian sugar-cane processor Companhia Mineira de Açúcar e Álcool Participações, (CMAA) for $72 million. [6]
In January 2015, Indofood built an instant noodles factory in Morocco, which was to be opened in the third quarter of 2015. It was to be the sixth plant in Africa after Nigeria, Egypt, Sudan, Kenya and Ethiopia, and the biggest overseas Indomie factory. [7] [8]
In January 2019, Indofood withdrew from the Roundtable on Sustainable Palm Oil (RSPO) certification scheme. [9]
On February 17, 2021, Indofood CBP purchased all of the shares owned by Fritolay Netherlands Holding B.V., an affiliate of PepsiCo at PT Indofood Fritolay Makmur (IFL) worth IDR 494 billion, so that the production of Lay's, Cheetos and Doritos brand snacks in Indonesia would be stopped on August 18, 2021. IFL was then renamed to PT Indofood Fortuna Makmur. In addition, PepsiCo and its affiliates agreed not to produce, package, sell, market or distribute snack products that compete with IFL products in Indonesia for a period of three years. [10] Lay's, Cheetos and Doritos in the Indonesian market were rebranded into Chitato Lite, Chiki Twist and Maxicorn, respectively.
Doritos is an American brand of flavored tortilla chips produced by Frito-Lay, a wholly owned subsidiary of PepsiCo. The concept for Doritos originated at Disneyland at a restaurant managed by Frito-Lay.
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Indomie is a brand of instant noodle produced by the Indonesian company Indofood. Indofood itself is the largest instant noodle producer in the world with 16 factories. Over 28 billion packets of Indomie are produced annually, and the brand is also exported to more than 90 countries around the world. Indomie has been produced mainly in Indonesia since it was first introduced in June 1972; it has also been produced in Nigeria since 1995, and in Turkey since 2010. Indomie has become increasingly popular in Nigeria and other African countries since its introduction there in the 1980s.
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Sarimi is an instant noodle brand in Indonesia, produced by Indofood. It was launched in 1982, ten years after the Indomie brand and was previously produced under the Salim Group. In Indonesia, the term "Sarimi" is also commonly used as a generic term that refers to instant noodles.
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