Company type | Public |
---|---|
IDX: WIIM | |
Industry | Tobacco |
Founded | 14 December 1994 |
Headquarters | Grha Wismilak, , Indonesia |
Key people | Ronald Walla (President Director) |
Products | |
Brands |
|
Rp 201,4 billion [1] (2021) | |
Total assets | Rp 1.891.2 billion [1] (2021) |
Total equity | Rp 1.318.4 billion [1] (2021) |
Number of employees | 3,439 [1] (2021) |
Subsidiaries |
|
Website | www |
PT Wismilak Inti Makmur Tbk, commonly known as Wismilak, is an Indonesian holding company of cigarette producer PT Gelora Djaja and cigarette distributor PT Gawih Jaya, and the fourth-largest Indonesian tobacco manufacturer after Gudang Garam.
With tobacco being addictive and the single greatest cause of preventable death globally, [2] the company has had to contend with rising taxes, health warnings and tougher labeling regulations. [3]
Wismilak's origin has started by Gelora Djaja when it was established in Surabaya, East Java, on September 12, 1962, by Lie Koen Lie and Oei Bian Koen Hok with just 10 employees. [4] The company has been listed on the Indonesia Stock Exchange since 18 December 2012 under the symbol "WIIM". [5]
In 2022, Wismilak's net profit increased by 30.33 percent again, to IDR82.16 billion. In fact, in the same period in 2021, WIIM's net profit was only IDR 63.04 billion. The growth of Wismilak's net profit occurred in the midst of the collapse of the net profits of the country's largest cigarette issuers. [6]
Following the introduction of graphic health warnings on cigarette packets in Indonesia in 2014, several tobacco companies recorded declines in sales. Wismilak corporate secretary Surjanto Yasaputera had initially expressed hope the company would remain on target to increase sales by 20% to 25% in 2014. [7] Wismilak's sales reportedly fell 15.7%, or Rp.760.7 billion (US$57 million), year-on-year from January to July 2017. [8]
A cigarette is a narrow cylinder containing a combustible material, typically tobacco, that is rolled into thin paper for smoking. The cigarette is ignited at one end, causing it to smolder; the resulting smoke is orally inhaled via the opposite end. Cigarette smoking is the most common method of tobacco consumption. The term cigarette, as commonly used, refers to a tobacco cigarette, but the word is sometimes used to refer to other substances, such as a cannabis cigarette or an herbal cigarette. A cigarette is distinguished from a cigar by its usually smaller size, use of processed leaf, and paper wrapping, which is typically white. Most modern cigarettes are filtered, although this does not make the smoke inhaled from them contain fewer carcinogens and harmful chemicals.
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There are approximately 57 million smokers in Indonesia, among a population of 273 million people. Around 63% of men and 5% of women report smoking, equating to 34% of the population. The majority, 88% of Indonesian smokers, use clove-flavoured kreteks. Kretek manufacturers directly employ over 180,000 people in Indonesia and an additional 10 million indirectly. Indonesia is the fifth largest tobacco market in the world, and in 2008 over 165 billion cigarettes were sold in the country.
Elita is a Latvian brand of cigarettes that was produced between 1967 and 2009 by the Latvian company "Rīgas Tabakas Fabrika" and later by British American Tobacco. According to the data submitted by the Latvian State Revenue Service, Elita was the most sold brand filtered cigarettes in Latvia for the period of about twenty years.
Karelia Tobacco Company Inc. (Karelia) is an international tobacco company headquartered in the city of Kalamata, Greece. It is also the country's largest tobacco manufacturer and exporter of fine tobacco products.
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