Salim Group

Last updated

Salim Group
Company type Private
Industry Conglomerate
Founded4 October 1972  OOjs UI icon edit-ltr-progressive.svg
Headquarters
Jakarta
,
Indonesia
Key people
 Anthoni Salim (CEO)
Website www.salimgroup.com.cn

The Salim Group is Indonesia's biggest conglomerate and refers to companies where the Salim family holds majority ownership. Its assets include Indofood Sukses Makmur, [a] the world's largest instant noodle producer; Indomobil Group, one of Indonesia's largest car manufacturers; Indomaret, Indonesia's largest convenience store chain; and Bogasari, a large flour-milling operation. [1] The group was founded in October 1972 by Sudono Salim and his junior partner Sutanto Djuhar (Lin Wenjing). The current CEO is Anthoni Salim, a son of Sudono Salim.

Contents

The Salim Group also owns major oil palm plantations (about 1,000 km2) and logging concessions. Salim Group has been involved in property development and the leisure industry for around 30 years. Its businesses include hotel and resort development, golf courses, and commercial real estate. [2]

History

The Salim Group was closely tied to Indonesian politician and dictator Suharto, who ruled Indonesia for 31 years and was Sudono Salim's "friend and patron". [3] During the May 1998 riots that led to Suharto's downfall, Sudono Salim's house was burned down and he was forced to flee to Singapore. [4]

A portrait of Salim Group founder Sudono Salim being burned by rioters when his Jakarta house was ransacked during the May 1998 riots Great Tycoon, by Oscar Motuloh.jpg
A portrait of Salim Group founder Sudono Salim being burned by rioters when his Jakarta house was ransacked during the May 1998 riots

In 1999, the group called off talks to sell a stake in Indofood to San Miguel Corporation, the largest food and beverage conglomerate in the Philippines, because of control questions. [5]

Projects in West Bengal

The Salim Group is involved in a number of projects in West Bengal, an eastern state of India. It is involved in the construction of Kolkata West International City. Salim and Universal Success are investors in the project, Ciputra is the developer, and Singapore-based Surbana is the project manager. [6]

The proposal of the Salim Group for chemical hub and multi-product SEZ were cleared in principle by the board of approvals of the Union Commerce Ministry, Government of India, in October 2006. [7]

Companies

Former companies

See also

Notes

  1. ↑ Through a 50% stake owned by First Pacific, the family's investment company

References

  1. ↑ Business Times & Asian Wall Street Journal (June 1998)
  2. ↑ "Kolkata West International". Archived from the original on 15 March 2007. Retrieved 6 September 2007.
  3. ↑ "Introduction". Liem Sioe Liong's Salim Group: The Business Pillar of Suharto's Indonesia. ISEAS–Yusof Ishak Institute. 2014. ISBN   9789814459594.
  4. ↑ "Suharto-Era Billionaire Tycoon Salim Dies Aged 97". 12 June 2012.
  5. ↑ "In 1999 Indofood to San Miguel Corporation in the Philippines - Google Search". www.google.com. Retrieved 3 March 2022.
  6. ↑ Saha, Subhro (14 April 2006). "West wake-up". A sprawling satellite township that promises a slew of facilities and can house 36,000 people may change the face of Howrah. Calcutta, India: The Telegraph. Archived from the original on 13 September 2006. Retrieved 26 March 2007.
  7. ↑ "Salim SEZs, 6 others given green signal". Calcutta, India: The Telegraph, 7 October 2006. 7 October 2006. Archived from the original on 30 September 2007. Retrieved 6 September 2007.
  8. ↑ Saragih, Houtmand P. (15 January 2020). "Cerita Salim Kehilangan Bank, Sekarang Punya Lagi". CNBC Indonesia (in Indonesian). Retrieved 2 November 2021.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.