Kimia Farma

PT Kimia Farma Tbk is an Indonesian pharmaceutical producer and distributor in Indonesia. It is based in Jakarta.[1]

PT Kimia Farma Tbk
TypePublic
IDX: KAEF
IndustryPharmaceuticals
Founded1971
HeadquartersJakarta, Indonesia
Productspharmacy
Revenue Rp 9.400 trillion (2019)
Rp 15.89 billion (2019)
Total assets Rp 18.352 trillion (2019)
Total equity Rp 7.412 trillion (2019)
Number of employees
13,052 (2019)
Subsidiaries
  • Kimia Farma Apotek
  • Phapros
  • Sinkona Indonesia Lestari
  • Kimia Farma Trading & Distribution
  • Kimia Farma Sungwun Pharmacopia
  • Kimia Farma Dawaa Co., Ltd
Websitewww.kimiafarma.co.id

History

In 1957, Dutch-owned pharmaceutical firms were nationalized by the Government of the Republic of Indonesia. Nationalized firms included N. V. Pharmaceutische Handelsvereeniging J. van Gorkom & Co., (Jakarta), N. V. Chemicaliënhandel Rathkamp & Co., (Jakarta),[2] N. V. Bandoengsche Kininefabriek, (Bandung),[3] N. V. Jodium Onderneming Watoedakon (Mojokerto) and N. V. Verbandstoffenfabriek (Surakarta).[4]

Following Government Regulation no. 69 in 1968 the resulting firms were named State Pharmaceutical Companies (PNF) named PNF Radja Farma (Jakarta), PNF Conscience Farma (Jakarta), PNF Nakula Farma (Jakarta), PNF Bio Farma, State Enterprise (PN) Bhineka Kina Farma (Bandung), PN Sari Husada (Yogyakarta) and PN Pharmaceuticals and medical devices Kasa Husada (Surabaya).[4]

On 23 January 1969, based on PP. 3 In 1969 the companies merged into PNF Bhineka Kimia Farma. On 16 August 1971, the State Pharmaceutical companies transition Kimia Farma's legal form into State Owned status as a Limited Liability Company, becoming PT. Kimia Farma (Persero).[4]

In 1998, the Asian economic crisis resulted in the state budget experiencing growing national debt. To reduce the burden of debt, the government began privatizating state-owned firms. Based on the Letter of Minister of State for Investment and Development, S-59/M-PM.BUMN/2000 dated 7 March 2000, PT. Kimia Farma privatized.[4]

The directors of PT. Kimia Farma (Limited) established two subsidiaries on the 4 January 2002, PT. Pharmacy and PT Kimia Farma. Kimia Farma Trading and Distribution. On 4 July 2002 PT. Kimia Farma Tbk. officially listed on the Jakarta Stock Exchange (JSX) and the Surabaya Stock Exchange (BES) as a public company and changed its name to PT. Kimia Farma (Persero), Tbk.[4]

Factory

Five production facilities spread across major cities in Indonesia manufacture pharmaceuticals.[5]

  • Jakarta Plant produces dosage tablets, coated tablets, capsules, granules, syrup, dry suspension / syrup, eye drops, creams, antibiotics and injections.
  • Bandung Plant produces raw materials and derivatives quinine, rifampicin, medicine native to Indonesia and an intrauterine device (IUD).
  • Semarang Factory specialized in the production of castor oil, vegetable oils and cosmetics (talc).
  • Watudakon Factory in East Java is the only plant that processes mine iodine in Indonesia.
  • Tanjung Morawa Factory in Padang, North Sumatra, supplies drugs in Sumatra.

Foreign branch

Kimia Farma planned to open a branch drugstore in Malaysia, as revealed in 2012.[6]

References
  1. "Indonesia-Investments.com:Kimia Farma company profile". April 8, 2014.
  2. Studiegroep Zuid West Pacific
  3. Museum Brombeek - bottle of Kinine by the Bandoengsche Kininefabriek
  4. Sejarah PT Kimia Farma
  5. Pabrik Kimia Farma
  6. "Kimia Farma ekspansi apotek ke Malaysia". 14 May 2012. Retrieved 8 November 2012.
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