Type Public company Products Food CEO Anthoni Salim (2004–) Founded 14 August 1990 | Industry Food Website www.indofood.com Founder Sudono Salim Parent organization First Pacific | |
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Stock price INDF (IDX) IDR 7,925 -75.00 (-0.94%)10 Mar, 4:08 PM GMT+7 - Disclaimer Headquarters Central Jakarta, Jakarta, Indonesia Subsidiaries Bogasari, PT Indofood CBP Sukses Makmur Tbk Profiles | ||
Indofood
PT. Indofood CBP Sukses Makmur Tbk., better known as Indofood, is a major Indonesian company involved in the food industry. The company's headquarters are in Jakarta.
Contents
History
Instant noodles business first founded in 1968, to produce Indomie since 1972. Indofood was founded on 14 August 1990 as Panganjaya Intikusuma till 1993, before changing to its current name in 1994. It is one of the companies owned by the family of Sudono Salim under the Salim Group.
In January 2013 when filing on the Indonesia Stock Exchange, Indofood said it is planning to buy 50% of Brazilian sugar-cane processor Cia Mineira de Acucar e Alcool Participacoes, (CMAA) for $72 million.
Indofood owned products
Indofood Asahi products
Overseas expansion
In January 2015, Indofood built an instant noodles factory in Morocco and it is to be opened in Q3 2015. It is the sixth plant in Africa after Nigeria, Egypt, Sudan, Kenya and Ethiopia, and is the biggest overseas Indomie factory. The first plant in Africa was built in 2013.