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Indofood CBP

#1824

Rank

$9.13B

Marketcap

ID Indonesia

Country

Indofood CBP
Leadership team

Mr. Anthoni Salim (Pres Director & CEO)

Mr. Hendra Widjaja (Corp. Controller & Director)

Mr. Mark Julian Wakeford (Director & Head of Investor Relations)

Products/ Services
Food and Beverage, Nutrition, Snack Food
Number of Employees
20,000 - 50,000
Headquarters
Jakarta, Jakarta Raya, Indonesia
Established
2009
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
ICBP.JK
Social Media
Overview
Location
Summary
PT Indofood CBP Sukses Makmur Tbk, together with its subsidiaries, produces and sells consumers products in Indonesia, rest of Asia, the Middle East, Africa, and internationally. It offers noodles, sauces, and instant seasonings under the Indomie, Supermi, Sarimi, Pop Mie, Sakura, and Mi Telur Cap 3 Ayam brands, as well as sweetened condensed milk; UHT, sterilized bottled, and pasteurized liquid milk; powdered milk; ice cream; and butter under the Indomilk, Cap Enaak, Tiga Sapi, Kremer, Orchid Butter, Indofoof Icecream, Good To Go, and Milkuat brands. The company also provides chips and non-chips snacks, such as potato-based biscuits, cassavas, and wheat flour under the Chitato, Qtela, Chiki, Jetz, Trenz, Chitato Lite, and Maxicorn brands; and food seasonings, including powdered and liquid seasonings, condiments, and syrups under the Sambal Indofood, Bumbu Special Indofood, Bumbu Racik, Indofood Freiss, and Kecap Indofood brands. In addition, it offers nutrition and special foods, such as baby cereals, follow-on cereals, noodle soups, and baby biscuits, as well as fortified milk for expectant and lactating mothers under the Promina, Sun, Govit, and Gowell brands; and beverages comprising tea, packaged water, and fruit-flavored drinks under the brands of Ichi Ocha, Club, and Fruitamin. Further, the company manufactures packaging materials and non-alcoholic beverages; markets and distributes culinary products; processes oil and fats; manages restaurants; and provides investment and trade export agency, management consulting, general trading, and transportation services. Additionally, it produces and distributes of dairy products and industrial estate. The company was founded in 1982 and is headquartered in Jakarta, Indonesia. PT Indofood CBP Sukses Makmur Tbk is a subsidiary of PT Indofood Sukses Makmur Tbk.
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
To become a leading provider of quality food and beverage products that meet the needs of our customers in Indonesia and beyond.
Vision
Our vision is to be a leading food and beverage provider that is respected around the world and trusted by our customers.
Key Team

Ayda Wijaya (Head of Corp. Legal)

Stefanus Indrayana (Head of Corp. Communication)

Mr. Axton Salim (Head of the Dairy Division & Corp. Marketing Division and Director)

Mr. Suaimi Suriady (Head of Snack Foods Division, Corp. R&D and Director)

Eri Pramono (Head of Corp. HR)

Mr. Sulianto Pratama (Head of Food Seasonings, Food Ingredients Unit Operation & Director)

Mr. Taufik Wiraatmadja (Head of Noodles Division & Culinary Products Unit Operations and Director)

Recognition and Awards
Indofood CBP has won numerous awards over the years, including the Indonesia Innovation Awards 2019, the Best Food Manufacturer Indonesia 2018, and the Best Brand Manager of the Year 2019.
References
Indofood CBP
Leadership team

Mr. Anthoni Salim (Pres Director & CEO)

Mr. Hendra Widjaja (Corp. Controller & Director)

Mr. Mark Julian Wakeford (Director & Head of Investor Relations)

Products/ Services
Food and Beverage, Nutrition, Snack Food
Number of Employees
20,000 - 50,000
Headquarters
Jakarta, Jakarta Raya, Indonesia
Established
2009
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
ICBP.JK
Social Media