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Indofood

#2927

Rank

$4.23B

Marketcap

ID Indonesia

Country

Indofood
Leadership team

Mr. Anthoni Salim (Pres Director & CEO)

Mr. Mark Julian Wakeford (Head of Investor Relations)

Ayda Wijaya (Head of Corp. Legal)

Products/ Services
Food and Beverage, Food Processing
Number of Employees
Above 50,000
Headquarters
Jakarta, Jakarta Raya, Indonesia
Established
1967
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
INDF.JK
Social Media
Overview
Location
Summary
PT Indofood Sukses Makmur Tbk operates as a food solutions company in Indonesia and internationally. It operates through four segments: Consumer Branded Products Business Group, Bogasari Business Group, Agribusiness Group, and Distribution Business Group. The company offers noodles; ultra-high temperature (UHT), sterilized bottled, evaporated, pasteurized liquid, UHT multi-cereal, and powdered milk; milk-flavored and cereal powdered drinks, sweetened condensed creamer, ice cream, and butter; potato, cassava, soybean, corn, and various extruded snacks; recipe mixes, soy and chili sauce, tomato sauce, and stock soup; baby cereals; rice puffs, crunchies, biscuits, puddings, noodle soup, and pasta; cereal snacks for children; and ready-to-drink tea, packaged water, and fruit-flavored drinks. It also produces wheat flour, pasta, and coffee; distributes consumer products; manufactures and markets cooking oils, margarine, and shortening; cultivates sugar cane, rubber, industrial timber, cocoa, coconut, tea plantations, and other crops; extracts and processes coconut oil; operates bulking station; processes oils and fat; and markets and distributes culinary products. In addition, the company engages in the research and development, seed breeding, and oil palm cultivation and milling activities; shipping, investment and management, trade export agency, industrial estate agriculture, forestry, fishing, and trading and marketing activities; ownership and management of buildings; chain restaurant management; flour milling, blending, and trading; and provision of transportation, management consulting, and research management and technical services, as well as packaging materials and fertilizers. The company was formerly known as PT Panganjaya Intikusuma and changed its name to PT Indofood Sukses Makmur Tbk in 1994. The company was incorporated in 1990 and is based in Jakarta, Indonesia. PT Indofood Sukses Makmur Tbk is a subsidiary of First Pacific Investment Management Limited.
History

Indofood was founded in 1968 as Lambang Insan Makmur, an instant noodles business, with its brand Indomie launching in 1972. The company restructured on 14 August 1990 as PT Panganjaya Intikusuma. In 1994, the company was renamed to PT Indofood Sukses Makmur, and was listed on the Indonesian Stock Exchange on 14 July 1994. It is one of the companies owned by the family of Sudono Salim under the Salim Group.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, for $72 million.On 17 February 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 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. IFL was then renamed into PT Indofood Fortuna Makmur. 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. Instead, Lay's, Cheetos and Doritos in the Indonesian market have been rebranded into Chitato Lite, Chiki Twist and Maxicorn, respectively.

Mission
Indofood's mission is to help people of Indonesia live healthier and happier lives by providing them with safe and nutritious products at affordable prices.
Vision
Indofood's vision is to be the leader in the Indonesian consumer goods industry by creating value for our customers and stakeholders, while promoting corporate responsibility and sustainability.
Key Team

Stefanus Indrayana (Head of Corp. Communication)

Mr. Franciscus Welirang (Head of Corp. HR, Head of the Bogasari Group & Director)

Mr. Taufik Wiraatmadja (Heads of the Noodles Division & Director)

Mr. Paulus Moleonoto (Heads the Plantations Division & Director)

Mr. Axton Salim (Heads the Dairy Division & Director)

Mr. Adrian Jogi (Head of Corp. Internal Audit)

Mr. Joedianto Soejonopoetro (Heads the Distribution Group & Director)

Recognition and Awards
Indofood has been recognized by several organizations for its commitment to sustainability, including benchmarks such as the Dow Jones Sustainability Index, the FTSE4Good, and the Global Reporting Initiative . It has also been named as the Most Admired Company in the Indonesia Food and Beverage Industry Award.
References

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Indofood
Leadership team

Mr. Anthoni Salim (Pres Director & CEO)

Mr. Mark Julian Wakeford (Head of Investor Relations)

Ayda Wijaya (Head of Corp. Legal)

Products/ Services
Food and Beverage, Food Processing
Number of Employees
Above 50,000
Headquarters
Jakarta, Jakarta Raya, Indonesia
Established
1967
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
INDF.JK
Social Media