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Brief History of The Company


  • Incorporated as PT Panganjaya Intikusuma.
  • Established 51:49 joint venture (“JV”) with Seven-Up Netherlands B.V., an affiliate of PepsiCo Inc. to enter into snack foods industry (The JV has been transferred into ICBP in 2010 as part of the restructuring of CBP Group).

  • Changed its name to PT Indofood Sukses Makmur.
  • IPO of 763 million shares at Rp1,000 par value per share, listing in the Indonesia Stock Exchange (“IDX”).

  • Acquired the Bogasari flour mill.

  • Acquired 80% equity stake in a group of companies involved in plantations, agribusiness and distribution.

  • Acquired 60% stake in a corrugated cardboard company.

  • Established a JV company with Nestlé SA in the marketing of culinary products.
  • Acquired plantation companies in West Kalimantan.
  • Acquired Convertible Bonds issued by a shipping company, which are equivalent to a 90.9% equity stake in the company.

  • Acquired 55.0% equity in shipping company Pacsari Pte. Ltd. (”Pacsari”).
  • Acquired additional plantation companies in West Kalimantan.

  • Listed the Agribusiness Group in the Singapore Stock Exchange and placed new shares.
  • Acquired an additional 35% stake in shipping company Pacsari that increased ownership to 90%.
  • Acquired 60% equity stake in plantation companies owned by Rascal Holding Limited.
  • Participated in the issuance of new PT Mitra Inti Sejati Plantation shares, securing 70% ownership of the company.
  • Acquired 64.41% equity stake in Lonsum.

  • Participated in the issuance of new PT Lajuperdana Indah shares, attaining 60% ownership.
  • Acquired 100% equity stake of Drayton Pte. Ltd., which effectively owns 68.57% of PT Indolakto (“Indolakto”), a leading dairy company.
  • Acquired full ownership of certain plantation companies that have bulking facilities.

  • The internal restructuring of the CBP Group commenced with the establishment of ICBP and the spin-off noodle and food ingredients businesses, followed by the merger of the wholly-owned subsidiaries within the CBP Group into ICBP.

  • Completed internal restructuring of the CBP Group, by transferring to ICBP the shares of CBP Group subsidiaries with ownership of less than 100%.Subsequently, launched an IPO for ICBP and listed it on the IDX on October 7, 2010.
  • Increased stake in Pacsari by 10% for full 100% ownership.

  • On June 9, 2011, SIMP, a direct and indirect subsidiary of the Company, conducted an IPO and listed its shares in the IDX.

  • ICBP established two joint venture companies with Asahi Group Holdings Southeast Asia Pte. Ltd. (“Asahi”) to enter into the non-alcoholic beverage market in Indonesia.

  • The Agribusiness Group (through SIMP and Lonsum) acquired an effective 57.7% share of PT Mentari Pertiwi Makmur, an investment company that owns equity in PT Sumalindo Alam Lestari, which has business interests in industrial forest plantations.
  • The Agribusiness Group acquired 50% of Companhia Mineira de Açúcar e Álcool Participações, a Brazilian sugar company.
  • ICBP, through its JV subsidiaries with Asahi, acquired PT Prima Cahaya Indobeverages (“PCIB”), which was previously known as PT Pepsi-Cola Indobeverages, a bottler of Pepsi brand carbonated soft drinks and juice.
  • The Agribusiness Group and First Pacific Company Limited formed a 30:70 joint venture company to invest in 34% of Roxas Holdings Inc., the largest integrated sugar business company in the Philippines.
  • Acquired 82.88% stake in CMFC, an integrated vegetable processor company in China that is listed on the Singapore Stock Exchange.

  • ICBP and Asahi, through its JV subsidiaries, acquired assets related to the packaged water business including the brand of Club.
PT Indofood Sukses Makmur Tbk