Salim Group

The Salim Group is Indonesia's biggest conglomerate and refers to companies where the Salim family held majority ownership. Its assets include Indofood Sukses Makmur,[lower-alpha 1] the world's largest instant noodle producer; Indomobil Group, one of Indonesia's largest car manufacturers; Indomaret, Indonesia's largest convenience store chain; and Bogasari, a large flour-milling operation.[1] The group was founded in October 1972 by Sudono Salim and his junior partner Sutanto Djuhar (Lin Wenjing). The current CEO is Anthoni Salim, a son of Sudono Salim.

Salim Group
TypePrivately held company
IndustryConglomerate
Founded4 October 1972 
FounderLim Sioe Liong
Headquarters,
Key people
  • Anthoni Salim (CEO)
OwnerFirst Pacific
Subsidiaries

The Salim Group also owns major oil palm plantations (about 1,000 km2) and logging concessions. Salim Group has been involved in property development and the leisure industry for around 30 years. Its businesses include hotel and resort development, golf courses, and commercial real estate.[2]

History

A portrait of Salim Group founder Sudono Salim being burned by rioters when his Jakarta house was ransacked during the May 1998 riots

The Salim Group was closely tied to Indonesian politician and dictator Suharto, who ruled Indonesia for 31 years and was Sudono Salim's "friend and patron".[3] During the May 1998 riots that led to Suharto's downfall, Sudono Salim's house was burned down and he was forced to flee to Singapore.[4]

In 1999, the group called off talks to sell a stake in Indofood to San Miguel Corporation, the largest food and beverage conglomerate in the Philippines, because of control questions.[5]

Projects in West Bengal

The Salim Group is involved in a number of projects in West Bengal, an eastern state of India. It is involved in the construction of Kolkata West International City. Salim and Universal Success are investors in the project, Ciputra is the developer, and Singapore-based Surbana is the project manager.[6]

The proposal of the Salim Group for chemical hub and multi-product SEZ were cleared in principle by the board of approvals of the Union Commerce Ministry, Government of India, in October 2006.[7]

Companies

  • Elshinta Media
    • PT Radio Elshinta (Elshinta Radio)
    • PT Elshinta Jakarta Televisi (Elshinta TV)
    • PT Majalah Elektronik Elshinta (Majalah Elshinta)
    • Elshinta.com
    • ElshintaShop.com
  • PT XL Planet (elevenia)
    • PT Elevenia Digital Teknologi Sukses (EDTS)
  • PT NAP Info Lintas Nusa
  • PT Asuransi Central Asia (ACA Group)
    • PT Central Asia Raya (CAR)
    • PT Indolife Pensiontama (Indolife)
  • PT Indoritel Makmur Internasional Tbk (Indoritel)
    • PT Indomarco Prismatama (Indomaret)
    • PT Indomarco Adi Prima (Indomarco)
    • PT Lion Super Indo (Super Indo) (51% owned by Ahold Delhaize)
    • PT Nippon Indosari Corpindo Tbk (Sari Roti)
      • All Fit & Popular Foods, Inc (Walter Bread)
      • Sarimonde Foods Corporation (Sarimonde) (co-owned with Monde Nissin Corporation)
    • PT Fastfood Indonesia Tbk (Indonesian sole franchisee of KFC and Taco Bell) (co-owned with Gelael Group)
    • PT Inti Cakrawala Citra (Indogrosir)
    • PT Gardenia Makmur Selaras (PrimeBread)
    • PT Indoroti Prima Cemerlang (Mr. Bread)
    • Mister Donut Indonesia (Indonesian franchisee of Mister Donut)
  • PT Bank Ina Perdana Tbk (Bank Ina Perdana) (29,02%)[8]
  • PT Transaksi Artha Gemilang (Ottocash)
  • PT Inti Dunia Sukes (I.saku)
  • PT Inti Paket Prima (Indopaket)
  • PT Reksa Transaksi Sukses Makmur (Ottopay)
  • PT IndoArtha Perkasa Sukses (Pede.id) (co-owned with Allianz)
  • PT Indo Seungli Makmur (iStyle.id) (co-owned with Lotte Corporation)
  • PT Indomobil Sukses Internasional Tbk (Indomobil Group)
    • PT Suzuki Indomobil Motor (Suzuki)
    • PT Nissan Motor Indonesia (Nissan)
    • PT Garuda Mataram Motor (Volkswagen and Audi)
    • PT Kreta Indo Artha (Kia)
    • PT Hino Motors Manufacturing Indonesia (Hino)
    • PT Indo Truck Utama (Volvo and Renault)
    • PT Indomobil Multi Jasa Tbk (IMJ)
    • PT CSM Corporatama (Indorent)
    • PT Indomobil Prima Energi
    • PT Kyokuto Indomobil Manufacturing Indonesia (Kyokuto Manufaktur)
    • PT Furukawa Indomobil Battery Manufacturing (Furukawa Battery)
    • PT Central Sole Agency (Indoparts)
    • PT Indobaterai Energi Indonesia (Indobattery)
    • PT Indomobil Finance Indonesia (Indomobil Finance)
    • PT Shinhan Indofinance
    • PT Suzuki Nusantara Jaya Sentosa
    • PT Indomobil Nissan Datsun Indonesia
    • PT Swadharma Multi Finance (Swadharma)
  • PT Indofood Sukses Makmur (Indofood)
    • PT Indofood CBP Sukses Makmur Tbk (Indofood CBP)
    • PT Bogasari Flour Mills (Bogasari)
      • PT Inti Abadi Kemasindo (previously named PT Indofood Sukses Makmur Bogasari Flour Mills - Divisi Packaging)
    • PT Salim Ivomas Pratama
    • PT Nugraha Indah Citarasa Indonesia (previously named PT Nestle Indofood Citarasa Indonesia because violation of labor rights on palm oil incident)
    • PT Indofood Fortuna Makmur (previously named PT Indofood Frito-Lay Makmur because violation of labor rights on palm oil incident)
    • PT Indolakto (Indofood Nutrition)
    • PT Anugerah Indofood Barokah Makmur (previously named PT Indofood Asahi Sukses Beverage because violation of labor rights on palm oil incident)
    • PT Tirta Sukses Perkasa (Club)
    • PT Arla Indofood Makmur Dairy Import (co-owned with Arla)
    • Indofood Agri Resources Ltd (IndoAgri)
    • Popolamama Indonesia (co-owned with Popolamama)
    • Salim Palm Plantation
    • PT Lotte Indonesia (co-owned with Lotte)
    • PT Yakult Indonesia Persada (co-owned with Yakult)
  • PT Cyberindo Aditama
  • PT Mega Akses Persada (FiberStar)
  • PT Total Chemindo Loka (Total)
  • PT Idmarco Perkasa Indonesia (idmarco.com)

Former companies

  • Yayasan Anugerah Musik Indonesia (now owned by MNC Group)
  • PT Indosiar Visual Mandiri (Indosiar) (now owned by Emtek)
  • PT Indosiar Karya Media Tbk (sold to Emtek)
  • PT Nuansa Karya Berita
    • Tabloid Gaul
    • Majalah Kort
    • Majalah Story
  • PT Nestle Indonesia (sold to Djarum)
  • BCA Group (now owned by Djarum)
    • PT Bank Central Asia Tbk
    • PT BCA Finance
    • BCA Finance Limited
    • PT Bank BCA Syariah (BCA Syahriah)
    • PT Central Santosa Finance
    • PT BCA Sekuritas
    • PT Asuransi Umum BCA (BCA Insurance)
    • PT Asuransi Jiwa BCA (BCA Life)
  • PT Indocement Tunggal Prakarsa Tbk (Indocement) (now owned by HeidelbergCement)
  • PT Pepsi-Cola Indobeverages (leave from Indonesia)
  • PT Indomiwon Citra Inti (now owned by Daesang Corporation 100%)
  • PT Holdiko Perkasa (now owned by Reckitt)
  • PT Darya Varia Laboratoria Tbk (sold to Unilab)

See also

  • First Pacific

Notes

  1. Through a 50% stake owned by First Pacific, the family's investment company

References

  1. Business Times & Asian Wall Street Journal (June 1998)
  2. "Kolkata West International". Archived from the original on 15 March 2007. Retrieved 6 September 2007.
  3. "Introduction". Liem Sioe Liong's Salim Group: The Business Pillar of Suharto's Indonesia. ISEAS–Yusof Ishak Institute. 2014. ISBN 9789814459594.
  4. "Suharto-Era Billionaire Tycoon Salim Dies Aged 97". 12 June 2012.
  5. "In 1999 Indofood to San Miguel Corporation in the Philippines - Google Search". www.google.com. Retrieved 3 March 2022.
  6. Saha, Subhro (14 April 2006). "West wake-up". A sprawling satellite township that promises a slew of facilities and can house 36,000 people may change the face of Howrah. Calcutta, India: The Telegraph. Retrieved 26 March 2007.
  7. "Salim SEZs, 6 others given green signal". Calcutta, India: The Telegraph, 7 October 2006. 7 October 2006. Retrieved 6 September 2007.
  8. Saragih, Houtmand P. (15 January 2020). "Cerita Salim Kehilangan Bank, Sekarang Punya Lagi". CNBC Indonesia (in Indonesian). Retrieved 2 November 2021.
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