Indofood

PT Indofood Sukses Makmur Tbk is a major Indonesian company involved in the food industry. The company's headquarters are located in South Jakarta, Jakarta.[1][2]

PT Indofood Sukses Makmur Tbk
TypePublic
IDX: INDF
IndustryFood
Founded1968 (as Lambang Insan Makmur, later Supermi Indonesia)
1970 (as Sanmaru)
1982 (as Sarimi Asli Jaya)
1990 (as Panganjaya Intikusuma)
1994 (as Indofood Sukses Makmur)
2009 (as Indofood CBP Sukses Makmur)
FounderLim Sioe Liong
HeadquartersJakarta, Indonesia
Key people
Revenue Rp 76.59 trillion (2019)
Rp 9.831 trillion (2019)
Rp 4.91 trillion (2019)
Total assets Rp 96.198 trillion (2019)
Total equity Rp 54.202 trillion (2019)
OwnerSalim Group
Number of employees
70,000 (2016)
ParentFirst Pacific (~50%)
Subsidiaries
  • Pinehill Company Limited
  • Surya Rengo Containers
  • Indofood Tsukishima Sukses Makmur
  • Indofood Comsa Sukses Makmur
  • Drayton Pte. Ltd.
  • Indofood Fortuna Makmur
  • Indofood Oil & Fats Pte. Ltd.
  • Multi Bahagia
  • Nugraha Indah Citarasa Indonesia
  • Asian Assets Management Pte. Ltd.
  • Indofood (M) Food Industries Sdn. Bhd.
  • Oji Indo Makmur Perkasa
  • Indofood Mitra Bahari Makmur
Websitewww.indofood.com

History

Indofood was founded in 1968 as Lambang Insan Makmur, an instant noodles business, with its brand Indomie launching in 1972.[3] The company restructured on August 14, 1990 as PT Panganjaya Intikusuma.[2][4] In 1994, the company was renamed to PT Indofood Sukses Makmur, and was listed on the Indonesian Stock Exchange on July 14, 1994.[2][4] It is one of the companies owned by the family of Sudono Salim under the Salim Group.[5]

In January 2013, as part of a filing for the Indonesia Stock Exchange, Indofood said it is planning to buy 50% of Brazilian sugar-cane processor Companhia Mineira de Açúcar e Álcool Participações, (CMAA) for $72 million.[6]

On February 17, 2021, Indofood CBP has officially 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 will be stopped on 18 August 2021. In addition, PepsiCo and its affiliates has also agreed not to produce, package, sell, market or distribute snack products that compete with IFL products in Indonesia for a period of three years.[7]

Products

Indofood instant noodle products

Indofood sauce & seasoning products
  • Indofood Sambal (Chili Sauce)
  • Indofood Tomato Ketchup
  • Indofood Soy Sauce
  • Indofood Instant Seasoning
  • Indofood Racik

Indofood snack products
  • Chiki
  • Chitato
  • Jet-Z
  • Qtela
  • Maxicorn

Indofood baby food & cereal products
  • Promina
  • SUN
  • GoVit
  • GoWell

Indofood dairy products
  • Indomilk
  • Cap Enaak
  • Tiga Sapi
  • Kremer
  • Orchid Butter
  • Milkuat
  • Indofood Ice Cream
  • Puregrow Organic

Indofood Bogasari flour & pasta products
  • Cakra Kembar
  • Segitiga Biru
  • Kunci Biru
  • Lencana Merah
  • Taj Mahal
  • La Fonte
  • Sedani

Indofood oil & margarine products

Indofood beverage products
  • Freiss
  • Ichi Ocha
  • Club
  • Fruitamin

Overseas expansion

In January 2015, Indofood built an instant noodles factory in Morocco and it is to be opened in Q3 2015. It is the sixth plant in Africa after Nigeria, Egypt, Sudan, Kenya and Ethiopia, and is the biggest overseas Indomie factory.[8][9]

Palm oil

In January 2019, Indofood withdrew from the Roundtable on Sustainable Palm Oil (RSPO) certification scheme.[10]

References
  1. "Contact Info | Indofood". www.indofood.com. Retrieved 3 May 2020.
  2. "Indofood Sukses Makmur | Indonesia Investments". www.indonesia-investments.com. Retrieved 3 May 2020.
  3. "Indomie | Flavour, Favoured by The World – About Us". www.indomie.com. Retrieved 3 May 2020.
  4. "Brief History of the Company | Indofood". www.indofood.com. Retrieved 3 May 2020.
  5. 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.
  6. "Indofood to buy Brazilian sugar mill". Investvine.com. 2 February 2013. Retrieved 3 April 2013.
  7. 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. Retrieved 22 February 2021.
  8. Bagus BT Saragih (4 April 2015). "Indofood to open noodle factory in Morocco, sixth in Africa".
  9. "Indomie Bangun Pabrik Terbesar di Maroko". 10 May 2015.
  10. "PepsiCo responds with disappointment at Indofood's withdrawal from RSPO over disputed audit decision". 30 January 2019.


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