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Sinar Mas is one of the largest conglomerates in Indonesia. It was formed in 1938. It has numerous subsidiaries including Asia Pulp & Paper and palm oil producer PT SMART. The company also acquired Berau Coal Energy from Asia Resource Minerals PLC, a major mining group founded by Nathaniel Philip Rothschild, in a takeover initiated by Fuganto Widjaja.
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Eka Tjipta Widjaja (Indonesian pronunciation: [ˈeka ˈtʃipta wiˈdʒaja]; ca. 1921–2019, born in Quanzhou, China as Oei Ėk-Tjhong, was a Chinese-Indonesian business magnate who founded the Sinar Mas Group, one of the largest conglomerates in Indonesia. Immigrated to Indonesia with his family when he was a child, he was a former member of the PCC, traded copra in mid 1950s, moved into palm oil industry soon after, started a paper factory in the 1970s, and then entered financial services in the 1980s. At the time of his death, Sinar Mas has interests in paper, real estate, financial services, agribusiness, and telecom with holdings primarily in Indonesia, Singapore, Malaysia, and China, while Widjaja was listed by Forbes as the third richest person in Indonesia with a net worth of approximately US$8.6 Billion.
Anil Agarwal is the founder and Chairman of Vedanta Resources Limited. He controls Vedanta Resources through Volcan Investments, a holding vehicle with a 100% stake in the business.
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Sukanto Tanoto is an Indonesian businessman involved primarily in the lumber industry. After starting as a supplier of equipment and materials for the state-owned oil firm Pertamina, Tanoto moved into the forest industry in 1973. Tanoto's business interests are represented by the Royal Golden Eagle (RGE) group of companies.
Wilmar International Limited is a Singaporean food processing and investment holding company with more than 300 subsidiary companies. Founded in 1991, it is one of Asia's leading agribusiness groups alongside the COFCO Group. It ranks amongst the largest listed companies by market capitalisation on the Singapore Exchange (SGX), being the second largest as of September 2010. It was ranked 211th in the Fortune Global 500 list in 2020. It was ranked 3rd in the World's Most Admired Company by Fortune in 2019.
The Roundtable on Sustainable Palm Oil (RSPO) was established in 2004 with the objective of promoting the growth and use of sustainable palm oil products through global standards and multistakeholder governance. The seat of the association is in Zurich, Switzerland, while the secretariat is currently based in Kuala Lumpur, with a satellite office in Jakarta. RSPO currently has 4,706 members from 94 countries.
Royal Golden Eagle is global integrated, resource-based industrial group, with businesses in paper, palm oil, viscose, construction and energy, property and asset management. Owned by Indonesian businessman Sukanto Tanoto, the group employs 60,000 people worldwide with assets exceeding US$25 billion.
Adani Enterprises Ltd is an Indian multinational public company and a subsidiary of Adani Group. It is headquartered in Ahmedabad and has business interests in coal mining and trading, airport operations, edible oils, road, rail and water infrastructure, data centers, hydrocarbon exploration, defence and aerospace, multimodal logistics, and agro commodities. It mainly deals with the group's integrated resources management, power trading, and natural resources businesses on a standalone basis.
Bumitama Agri Ltd is the Singapore holding company of subsidiary Bumitama Gunajaya Agro. Bumitama is an Indonesian oil palm plantation company which cultivates oil palm trees and produces crude palm oil (CPO). It was established in 1996 by the Harita Group with its first acquisition of land in Central Kalimantan. Bumitama owns roughly 230,000 hectares and has planted 187,000 hectares of oil palm trees, primarily in Central and West Kalimantan. Bumitama owns 14 CPO mills, which produce more than 1,000,000 tons of CPO a year. Primary purchasers of their CPO include Wilmar International, the Sinar Mas Group and Musim Mas. In April 2012, Bumitama Agri presented an IPO on the Singapore Stock Exchange.
The Harita Group is an Indonesian business conglomerate owned and controlled by the Lim family. The group's core businesses are in the natural resources sector, which operates throughout Indonesia. Today, the Harita Group has businesses in nickel mining, ferronickel smelters, bauxite mining, alumina refineries, palm oil plantations, shipping, timber, coal and property. After the 2014 government regulations to ban exports of raw minerals, Harita Group and its partners built a $400 million ferronickel smelter and Indonesia's first alumina refinery for $900 million, both of which have been completed and in full operation since 2016. In December 2019, Glencore International became a partner of Harita Group via its share sale and rights issue of Indonesian-listed Cita Mineral. In June 2021, Harita commissioned the first HPAL plant in Indonesia, which produces Mixed Hydroxide Precipitate, a raw material for electric vehicle batteries. The project had an estimated cost of $1 billion. The current CEO of Harita Group is Lim Gunawan Hariyanto.
Indonesia Commodity and Derivatives Exchange (ICDX) is the commodity and derivatives based exchange in Indonesia.
Headquartered in Singapore, Musim Mas operates globally across the palm oil business spectrum with an operational presence in 13 countries across Asia-Pacific, Europe, North and South America. The group owns one of the largest palm oil refinery networks in the world, operating in the vegetable oil refining business. It also manufactures consumer goods in Indonesia, producing soap and cooking oil brands. Musim Mas has a 37,000-strong workforce, supported by a comprehensive logistical network of chemical and costal tankers, barges, tugboats and bulk installations at major ports across Indonesia and other strategic parts of the world.
Fuganto Widjaja is an Indonesian billionaire businessman.
Key Witness is a book on Asian Agri Group's tax evasion.
Asian Agri is one of Asia's largest palm oil producers, with an annual production of 1 million tons of palm oil.
Anthoni Salim, also known as Liem Hong Sien, is an Indonesian businessman. He is the head of the Salim Group and the chairman of First Pacific. As of 2019, he is the sixth wealthiest person in Indonesia, with a net worth of 5.5 billion dollars).
References
- ↑ "Tirta Mahakam Resources Tbk". Reuters.
- ↑ "Harita Group Builds Smelter in Ketapang". CNN.
- ↑ "Bumitama Agri Ltd". Prospectus: 178. 3 April 2012.
- ↑ "Music Produced by Lim Gunawan Hariyanto".