Salim Group
Salim Group
The Salim Group is a multinational conglomerate company based in Indonesia, with diverse business interests and operations. It was established by Sudono Salim, also known as Liem Sioe Liong, in 1972. The Salim Group is one of the largest and most influential conglomerates in Indonesia, with a significant impact on the country's economy.
History
The Salim Group was founded by Sudono Salim, who migrated from Fujian Province, China, to Indonesia in the 1930s. He started his business in trading and later diversified into various sectors. The Salim Group grew rapidly during the New Order era under the presidency of Suharto, as Sudono Salim was a close associate of the president.
Business Interests
The Salim Group has a wide range of business interests, including food, banking, telecommunications, agribusiness, property, and automotive. Some of the notable companies under the Salim Group include Indofood, one of the world's largest instant noodle producers, and First Pacific, a Hong Kong-based investment management and holding company.
Food
The Salim Group, through Indofood, has a significant presence in the food industry. Indofood is known for its instant noodles brand, Indomie, which is popular not only in Indonesia but also in many other countries.
Banking
The Salim Group has interests in the banking sector through Bank Central Asia, one of the largest private banks in Indonesia.
Telecommunications
In the telecommunications sector, the Salim Group has a stake in Indosat, one of the leading telecommunication networks in Indonesia.
Agribusiness
The Salim Group's agribusiness interests include IndoAgri, a leading agribusiness company in Indonesia, and Lonsum, one of the largest and oldest plantation companies in Indonesia.
Property
The Salim Group's property interests are managed by First Pacific Davies, a leading property consultancy in Indonesia.
Controversies
The Salim Group has been involved in several controversies, including allegations of monopolistic practices and environmental issues related to its palm oil plantations.
See Also
References
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External Links
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