Indofood

PT Indofood Sukses Makmur Tbk
Type	Public
Traded as	IDX: INDF
Industry	Food
Founded	1968 (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)
Founder	Sudono Salim
Headquarters	Jakarta, Indonesia
Key people	Anthoni Salim (President Director); Manuel V. Pangilinan (President Commissioner);
Revenue	Rp 76.59 trillion (2019)
Operating income	Rp 9.831 trillion (2019)
Net income	Rp 4.91 trillion (2019)
Total assets	Rp 96.198 trillion (2019)
Total equity	Rp 54.202 trillion (2019)
Owner	Salim Group
Number of employees	70,000 (2016)
Parent	First Pacific (~50%)
Subsidiaries	; ; ; ; ; ; ; ; ; ; ; ; ;
Website	www.indofood.com

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]

History[]

Indofood was founded in 1968 as Lambang Insan Makmur, an instant noodles business^{[citation needed]}, 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[]

Indomie
Pop Mie
Sarimi

Indofood sauce & seasoning products[]

(Chili Sauce)

Indofood snack products[]

Indofood baby food & cereal products[]

Indofood beverage products[]

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[]

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

External links[]

Official website

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[1] "Contact Info | Indofood". www.indofood.com. Retrieved 3 May 2020.

[:0-2] Jump up to: ^a ^b ^c "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.

[:1-4] Jump up to: ^a ^b "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.

[ref2013020206-6] "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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