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august
, 2018
2
Salim Group/First Pacific/
Gallant Venture/Brantwood
Private
Food, telco, automotive, property,
infrastructure and mines
Anthoni Salim
$12.1 billion
The Salim Group’s stronghold in the
consumer goods industry has prompted
it to enter the digital economy by
providing e-payment systems to
serve its network of 15,000 Indomaret
minimarkets. The group, which owns the
world’s largest instant-noodle maker, is
starting cooperation with Exxon Mobil
to distribute fuel for industry needs.
The group was expected to expand
into the poultry business early this
year, with an investment of about $200
million through its investment arm KMP
Private Limited, in cooperation with
Malaysia’s Cab Cakaran. In general, the
group posted solid growth compared
with the previous year with substantial
contributions from its consumer goods
and plantation businesses.
4
Sinar Mas Group
Private
Pulp and paper, agribusiness, energy, property, financial services
Eka Tjipta Widjaja
$8.7 billion
The Sinar Mas Group still earns a significant portion of its revenue
from resource-based subsidiaries SMART, SMART Agro, Asia Pulp &
Paper and associated companies. The group is also expanding into
property with a $500 million investment in its smart-city concept in
Bumi Serpong Damai in Tangerang, Banten. The group’s Sinar Mas
Land acquired the 33 Horseferry Road property in London, valued
at about $270 million. This move marks further expansion in the
European market, while the group also keeps an eye on China for
residential developments. Its financial arm Sinar Mas Multi Artha
has enjoyed significant growth in the banking and finance sectors
over the past three years. The group’s energy division is benefiting
from rising coal prices.