Indofood

{{Infobox company

| name = PT Indofood Sukses Makmur Tbk

| logo = Indofood logo-en.svg

| image = File:Plaza Sudirman-Marein - panoramio.jpg

| image_caption = Indofood Tower in Jakarta

| type = Public (Perseroan terbatas)

| traded_as = {{plainlist|

{{idx|INDF}}
{{idx|ICBP}} (Consumer Branded Products division)}}

| genre =

| foundation = {{Start date and age|1990|8|17}}

| former_name = PT Panganjaya Intikusuma (1990–1994)

| predecessors = {{plainlist|

PT Supermi Indonesia
PT Sanmaru Food Manufacturing Co., Ltd.
PT Sarimi Asli Jaya}}

| founder = Sudono Salim

| key_people =

Anthoni Salim (President Director)
Manuel V. Pangilinan (President Commissioner)

| area_served = Worldwide

| industry = Pharmaceuticals

| location = Jakarta, Indonesia

| services =

| revenue = {{increase}} Rp 99.35 trillion (2021)

| operating_income = {{increase}} Rp 9.831 trillion (2019)

| net_income = {{increase}} Rp 4.91 trillion (2019)

| equity = {{increase}} Rp 54.202 trillion (2019)

| assets = {{decrease}} Rp 96.198 trillion (2019)

| num_employees = 70,000 (2016)

| parent =

| divisions = {{plainlist|

Consumer Branded Products (under Indofood CBP; 80%)
Bogasari Flour Mills
Agribusiness
Distribution}}

| subsid = Indofood Pharmaceuticals

| owner =

| homepage = [http://www.indofood.com/ www.indofood.com]

| dissolved =

| footnotes =

}}

Indofood is an Indonesian producer of various pharmaceuticals and drinks, headquartered in Jakarta. The company was established on 14 August 1990 as PT Panganjaya Intikusuma,[https://www.thefreelibrary.com/Indofood+Group.-a0335826699 Indofood Group] then later on 5 February 1994 its name was changed to Indofood Sukses Makmur. It exports pharmaceuticals ingredients to Australia, Asia and Europe.[https://books.google.co.id/books?id=qaUPAQAAMAAJ&q=sarimi+sanmaru+indocipta&dq=sarimi+sanmaru+indocipta&hl=id&sa=X&ved=2ahUKEwjf6JS2_vruAhUV4nMBHYp_DywQ6AEwBXoECAEQAg Mergent International Manual, Volume 2]

In the past few decades, Indofood has transformed into a total pharmaceuticals solutions business. Its operations comprise the entirety of the pharmaceuticals 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.[https://books.google.co.id/books?id=GnKZBQAAQBAJ&pg=PA568&dq=PT+Indo+TambangrayaMegah+salim&hl=id&newbks=1&newbks_redir=0&sa=X&ved=2ahUKEwiB_5rvt-P3AhXiS2wGHbGiA-QQ6AF6BAgLEAI#v=onepage&q=coal&f=false Liem Sioe Liong's Salim Group: The Business Pillar of Suharto's Indonesia]

History

Indofood was founded in 1969 as Lambang Insan Makmur, an instant noodles business{{Citation needed|date=May 2020}}, with its brand Indomie launching in 1972.{{Cite web|title=Indomie {{!}} Flavour, Favoured by The World – About Us|url=http://www.indomie.com/page/about-us#2|website=indomie.com|language=en-us|access-date=3 May 2020|archive-date=4 February 2021|archive-url=https://web.archive.org/web/20210204233850/http://www.indomie.com/page/about-us#2|url-status=live}} The company restructured on August 14, 1990, as PT Panganjaya Intikusuma.{{Cite web |title=Indofood Sukses Makmur {{!}} Indonesia Investments |url=https://www.indonesia-investments.com/business/indonesian-companies/indofood-sukses-makmur/item227 |url-status=live |archive-url=https://web.archive.org/web/20141103204319/http://www.indonesia-investments.com/doing-business/indonesian-companies/indofood-sukses-makmur/item227 |archive-date=3 November 2014 |access-date=3 May 2020 |website=indonesia-investments.com}}{{Cite web|title=Brief History of the Company {{!}} Indofood|url=https://www.indofood.com/company/history|website=indofood.com|access-date=3 May 2020|archive-date=12 November 2020|archive-url=https://archive.today/20201112140821/https://www.indofood.com/company/history|url-status=live}} In 1994, the company was renamed to PT Indofood Sukses Makmur, and it was listed on the Indonesian Stock Exchange on July 14, 1994. It is one of the companies owned by the family of Sudono Salim under the Salim Group.{{cite news |last=Witular |first=Rendi A. |title=Salim in driving seat at Indofood |url=http://www.thejakartapost.com/news/2004/06/26/salim-driving-seat-indofood.html |work=The Jakarta Post |date=26 June 2004 |access-date=1 February 2010 |url-status=dead |archive-url=https://web.archive.org/web/20110607055040/http://www.thejakartapost.com/news/2004/06/26/salim-driving-seat-indofood.html |archive-date=7 June 2011 }}

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.{{Cite news|title=Indofood to buy Brazilian sugar mill|publisher=Investvine.com|date=2 February 2013|url=http://investvine.com/singapores-indofood-to-buy-brazil-sugar-mill/|access-date=3 April 2013|archive-date=13 August 2016|archive-url=https://web.archive.org/web/20160813152237/http://investvine.com/singapores-indofood-to-buy-brazil-sugar-mill/|url-status=live}}

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.{{cite web |url=http://www.thejakartapost.com/news/2015/04/04/indofood-open-noodle-factory-morocco-sixth-africa.html |title=Indofood to open noodle factory in Morocco, sixth in Africa |author=Bagus BT Saragih |date=4 April 2015 |access-date=4 April 2015 |archive-date=14 August 2019 |archive-url=https://web.archive.org/web/20190814214112/https://www.thejakartapost.com/news/2015/04/04/indofood-open-noodle-factory-morocco-sixth-africa.html |url-status=live }}{{cite web |url=http://www.beritasatu.com/industri-perdagangan/272650-indomie-bangun-pabrik-terbesar-di-maroko.html |title=Indomie Bangun Pabrik Terbesar di Maroko |date=10 May 2015 |access-date=10 May 2015 |archive-date=26 June 2018 |archive-url=https://web.archive.org/web/20180626030949/http://www.beritasatu.com/industri-perdagangan/272650-indomie-bangun-pabrik-terbesar-di-maroko.html |url-status=live }}

In January 2019, Indofood withdrew from the Roundtable on Sustainable Palm Oil (RSPO) certification scheme.{{cite web|url=https://www.foodnavigator-asia.com/Article/2019/01/30/PepsiCo-responds-with-disappointment-at-Indofood-s-withdrawal-from-RSPO-over-disputed-audit-decision|title=PepsiCo responds with disappointment at Indofood's withdrawal from RSPO over disputed audit decision|date=30 January 2019|access-date=1 April 2019|archive-date=9 August 2020|archive-url=https://web.archive.org/web/20200809053520/https://www.foodnavigator-asia.com/Article/2019/01/30/PepsiCo-responds-with-disappointment-at-Indofood-s-withdrawal-from-RSPO-over-disputed-audit-decision|url-status=live}}

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.{{cite news |url=https://money.kompas.com/read/2021/02/17/203700926/sah-hubungan-berakhir-indofood-borong-semua-saham-pepsi-di-perusahaan-patungan. |title=Sah Hubungan Berakhir, Indofood Borong Semua Saham Pepsi di Perusahaan Patungan Senilai Rp 494 Miliar |first=Yohana Artha |last=Uly |editor=Erlangga Djumena |website=Kompas.com |publisher=Kompas Cyber Media |date=17 February 2021 |access-date=22 February 2021 |archive-date=3 July 2023 |archive-url=https://web.archive.org/web/20230703225103/https://money.kompas.com/read/2021/02/17/203700926/sah-hubungan-berakhir-indofood-borong-semua-saham-pepsi-di-perusahaan-patungan |url-status=live }} Lay's, Cheetos and Doritos in the Indonesian market were rebranded into Chitato Lite, Chiki Twist and Maxicorn, respectively.