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Indofood

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PT Indofood Sukses Makmur Tbk
FormerlyPT Panganjaya Intikusuma (1990–1994)
Company typePublic (Perseroan terbatas)
IndustryFood
Predecessors
  • PT Supermi Indonesia
  • PT Sanmaru Food Manufacturing Co., Ltd.
  • PT Sarimi Asli Jaya
FoundedAugust 17, 1990; 34 years ago (1990-08-17)
FounderLiem Sioe Liong
HeadquartersJakarta, Indonesia
Area served
Worldwide
Key people
RevenueIncrease Rp 99.35 trillion (2021)
Increase Rp 9.831 trillion (2019)
Increase Rp 4.91 trillion (2019)
Total assetsDecrease Rp 96.198 trillion (2019)
Total equityIncrease Rp 54.202 trillion (2019)
OwnerSalim Group
Number of employees
70,000 (2016)
ParentFirst Pacific
Divisions
  • Consumer Branded Products (under Indofood CBP; 80%)
  • Bogasari Flour Mills
  • Agribusiness
  • Distribution
Websitewww.indofood.com


Indofood Sukses Makmur Tbk or IndoFood is a producer of various foods and drinks. It is headquartered in Jakarta, Indonesia. This company was established on the 14th of August 1990 as PT Panganjaya Intikusuma, then later on the 5th of February 1994 its name was changed to Indofood Sukses Maksur. This company exports food ingredients to Australia, Asia and Europe.

In the past few decades, Indofood has transformed into a total food solutions business. Its operations comprise of the entirety of the food production process, beginning with the production and processing of raw ingredients so that they can become the final product which is available on the shelves of retailers.

History

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Indofood was founded in 1969 as Lambang Insan Makmur, an instant noodles business[citation needed], with its brand Indomie launching in 1972.[1] The company restructured on August 14, 1990, as PT Panganjaya Intikusuma.[2][3] In 1994, the company was renamed to PT Indofood Sukses Makmur, and it was listed on the Indonesian Stock Exchange on July 14, 1994.[2][3] It is one of the companies owned by the family of Sudono Salim under the Salim Group.[4]

In January 2013, as part of a filing for the Indonesia Stock Exchange, Indofood said it was planning to buy 50% of Brazilian sugar-cane processor Companhia Mineira de Açúcar e Álcool Participações, (CMAA) for $72 million.[5]

In January 2015, Indofood built an instant noodles factory in Morocco, which was to be opened in the third quarter of 2015. It was to be the sixth plant in Africa after Nigeria, Egypt, Sudan, Kenya and Ethiopia, and the biggest overseas Indomie factory.[6][7]

In January 2019, Indofood withdrew from the Roundtable on Sustainable Palm Oil (RSPO) certification scheme.[8]

On February 17, 2021, Indofood CBP 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 would be stopped on August 18, 2021. IFL was then renamed to PT Indofood Fortuna Makmur. In addition, PepsiCo and its affiliates agreed not to produce, package, sell, market or distribute snack products that compete with IFL products in Indonesia for a period of three years.[9] Lay's, Cheetos and Doritos in the Indonesian market were rebranded into Chitato Lite, Chiki Twist and Maxicorn, respectively.

Products

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Instant noodle products

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  • Indomie
  • Pop Mie
  • Sarimi
  • Supermi
  • Sakura
  • Intermi (former PT Pandu Djaya Abadi products)
  • Mi Telur Cap 3 Ayam

Sauce & seasoning products

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  • Indofood Sambal
  • Indofood Tomato Ketchup
  • Indofood Soy Sauce
  • Indofood Instant Seasoning
  • Racik

Snack products

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Baby food & cereal products

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  • Promina
  • SUN
  • GoVit
  • GoWell (rebrand from Provita)

Dairy products

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  • Indomilk
  • Cap Enaak
  • Tiga Sapi
  • Kremer
  • Orchid Butter
  • Milkuat acquired from Danone
  • Indofood Ice Cream
  • Puregrow Organic
  • Lurpak (imported product from Arla)
  • Castello (imported product from Arla)
  • Puck (imported product from Arla)
  • Arla (imported product from Arla)

Bogasari flour & pasta products

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  • Cakra Kembar
  • Segitiga Biru
  • Kunci Biru
  • Lencana Merah
  • Taj Mahal
  • La Fonte
  • Sedani

Oil & margarine products

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  • Bimoli
  • Palmia (rebrand from Simas after end JV with Sinarmas under Sajang Heulang Name)
  • Happy Salad Oil
  • Amanda
  • Delima

Beverage products

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  • Freiss
  • Ichi Ocha
  • Club
  • Fruitamin

Confectionery products

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References

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  1. ^ "Indomie | Flavour, Favoured by The World – About Us". indomie.com. Archived from the original on 4 February 2021. Retrieved 3 May 2020.
  2. ^ a b "Indofood Sukses Makmur | Indonesia Investments". indonesia-investments.com. Archived from the original on 3 November 2014. Retrieved 3 May 2020.
  3. ^ a b "Brief History of the Company | Indofood". indofood.com. Archived from the original on 12 November 2020. Retrieved 3 May 2020.
  4. ^ 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.
  5. ^ "Indofood to buy Brazilian sugar mill". Investvine.com. 2 February 2013. Archived from the original on 13 August 2016. Retrieved 3 April 2013.
  6. ^ Bagus BT Saragih (4 April 2015). "Indofood to open noodle factory in Morocco, sixth in Africa". Archived from the original on 14 August 2019. Retrieved 4 April 2015.
  7. ^ "Indomie Bangun Pabrik Terbesar di Maroko". 10 May 2015. Archived from the original on 26 June 2018. Retrieved 10 May 2015.
  8. ^ "PepsiCo responds with disappointment at Indofood's withdrawal from RSPO over disputed audit decision". 30 January 2019. Archived from the original on 9 August 2020. Retrieved 1 April 2019.
  9. ^ 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. Archived from the original on 3 July 2023. Retrieved 22 February 2021.
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