Salim Group

The Salim Group is Indonesia's biggest conglomerate and refers to companies where the Salim family held majority ownership. Its assets includes Indofood Sukses Makmur[lower-alpha 1], the world's largest instant noodle producer, 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 leader of the group is Anthoni Salim, a son of Sudono.

Salim Group
Established4 October 1972  (49 years ago)
OwnersSalim family

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]

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.

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.[3]

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.[4]

Companies

Former companies
  • Yayasan Anugerah Musik Indonesia (now owned by MNC Group)
  • Yayasan Puteri Indonesia (now owned by Emtek)
  • PT Indosiar Visual Mandiri (Indosiar) (now owned by Emtek)
  • PT Indosiar Karya Media Tbk (sold to Emtek)
  • PT Nuansa Karya Berita
  • 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 Benckiser)

See also

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. 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.
  4. "Salim SEZs, 6 others given green signal". Calcutta, India: The Telegraph, 7 October 2006. 7 October 2006. Retrieved 6 September 2007.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.