Indofood

Last updated

PT Indofood Sukses Makmur Tbk
FormerlyPT Panganjaya Intikusuma (1990–1994)
Company type Public ( Perseroan terbatas )
Industry Pharmaceuticals
Predecessors
  • PT Supermi Indonesia
  • PT Sanmaru Food Manufacturing Co., Ltd.
  • PT Sarimi Asli Jaya
FoundedAugust 17, 1990;34 years ago (1990-08-17)
Founder Sudono Salim
Headquarters Jakarta, Indonesia
Area served
Worldwide
Key people
RevenueIncrease2.svg Rp 99.35  trillion (2021)
Increase2.svg Rp 9.831  trillion (2019)
Increase2.svg Rp 4.91 trillion (2019)
Total assets Decrease2.svg Rp 96.198 trillion (2019)
Total equity Increase2.svg Rp 54.202 trillion (2019)
Number of employees
70,000 (2016)
Divisions
  • Consumer Branded Products (under Indofood CBP; 80%)
  • Bogasari Flour Mills
  • Agribusiness
  • Distribution
Subsidiaries Indofood Pharmaceuticals
Website www.indofood.com

Indofood is an Indonesian producer of various pharmaceuticals and drinks, headquartered in Jakarta. The company was established on 14 August 1990 as PT Panganjaya Intikusuma, [1] then later on 5 February 1994 its name was changed to Indofood Sukses Makmur. It exports pharmaceuticals ingredients to Australia, Asia and Europe. [2]

Contents

In the past few decades, Indofood has transformed into a total pharmaceuticals solutions business. Its operations comprise the entirety of the pharmaceuticals production process, beginning with the production and processing of raw ingredients so that they can become the final product which is available on the shelves of retailers. [3]

History

Indofood was founded in 1969 as Lambang Insan Makmur, an instant noodles business[ citation needed ], with its brand Indomie launching in 1972. [4] The company restructured on August 14, 1990, as PT Panganjaya Intikusuma. [5] [6] In 1994, the company was renamed to PT Indofood Sukses Makmur, and it was listed on the Indonesian Stock Exchange on July 14, 1994. [5] [6] It is one of the companies owned by the family of Sudono Salim under the Salim Group. [7]

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. [8]

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. [9] [10]

In January 2019, Indofood withdrew from the Roundtable on Sustainable Palm Oil (RSPO) certification scheme. [11]

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. [12] Lay's, Cheetos and Doritos in the Indonesian market were rebranded into Chitato Lite, Chiki Twist and Maxicorn, respectively.

Products

Instant noodle products

Sauce & seasoning products

Snack products

Baby food & cereal products

Dairy products

Bogasari flour & pasta products

Oil & margarine products

Beverage products

Confectionery products

References

  1. ↑ Indofood Group
  2. ↑ Mergent International Manual, Volume 2
  3. ↑ Liem Sioe Liong's Salim Group: The Business Pillar of Suharto's Indonesia
  4. ↑ "Indomie | Flavour, Favoured by The World – About Us". indomie.com. Archived from the original on 4 February 2021. Retrieved 3 May 2020.
  5. 1 2 "Indofood Sukses Makmur | Indonesia Investments". indonesia-investments.com. Archived from the original on 3 November 2014. Retrieved 3 May 2020.
  6. 1 2 "Brief History of the Company | Indofood". indofood.com. Archived from the original on 12 November 2020. Retrieved 3 May 2020.
  7. ↑ Witular, Rendi A. (26 June 2004). "Salim in driving seat at Indofood". The Jakarta Post . Archived from the original on 7 June 2011. Retrieved 1 February 2010.
  8. ↑ "Indofood to buy Brazilian sugar mill". Investvine.com. 2 February 2013. Archived from the original on 13 August 2016. Retrieved 3 April 2013.
  9. ↑ Bagus BT Saragih (4 April 2015). "Indofood to open noodle factory in Morocco, sixth in Africa". Archived from the original on 14 August 2019. Retrieved 4 April 2015.
  10. ↑ "Indomie Bangun Pabrik Terbesar di Maroko". 10 May 2015. Archived from the original on 26 June 2018. Retrieved 10 May 2015.
  11. ↑ "PepsiCo responds with disappointment at Indofood's withdrawal from RSPO over disputed audit decision". 30 January 2019. Archived from the original on 9 August 2020. Retrieved 1 April 2019.
  12. ↑ Uly, Yohana Artha (17 February 2021). Erlangga Djumena (ed.). "Sah Hubungan Berakhir, Indofood Borong Semua Saham Pepsi di Perusahaan Patungan Senilai Rp 494 Miliar". Kompas.com. Kompas Cyber Media. Archived from the original on 3 July 2023. Retrieved 22 February 2021.
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