Indofood Agri Resources

Last updated
Indofood Agri Resources
Company type Public
SGX: 5JS
Revenue13,650,388,000,000 rupiah (2019)  OOjs UI icon edit-ltr-progressive.svg
Parent Indofood Singapore Holdings Pte. Ltd.
Website www.indofoodagri.com   OOjs UI icon edit-ltr-progressive.svg

Indofood Agri Resources Ltd. (shortened as IndoAgri) is an investment holding company [1] and a subsidiary of Indofood Singapore Holdings Pte. Ltd.. Through Anthoni Salim's First Pacific and Indofood, he owns 74% of the company's voting rights. [2] The company is listed on Singapore Exchange (ticker: 5JS) and the Frankfurt Stock Exchange (ticker: ZVF). [3]

Contents

Operations

IndoAgri operates in Indonesia, Brazil and the Philippines. [4]

Controversy

In 2019, IndoAgri quit its membership from the Roundtable on Sustainable Palm Oil after it had struggled with the RSPO complaints. [5] According to Chain Reaction Research, 42% of IndoAgri's landbank is contested, community conflicts are happening on several plantations have and some land is within protected nature area. [6]

References

  1. ↑ "IFAR.SI - | Stock Price & Latest News | Reuters". www.reuters.com. Retrieved 2023-01-27.
  2. ↑ "Indofood Agri Resources Ltd". indofoodagri.listedcompany.com. Retrieved 2020-06-25.
  3. ↑ "Indofood AGRI Resources Ltd. Equity | A0MKZK | SG1U47933908 | Share Price". www.boerse-frankfurt.de. Retrieved 2020-07-22.
  4. ↑ "IndoAgri :: About Us". www.indofoodagri.com. Retrieved 25 June 2020.
  5. ↑ "Indofood quits sustainable palm oil body amid allegations of labour violations". www.just-food.com. 30 January 2019. Archived from the original on 2020-06-25. Retrieved 25 June 2020.
  6. ↑ "Indofood Agri Resources – Material Risks from Contested Land and Labor Issues". chainreactionresearch.com. Retrieved 25 June 2020.
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