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, 2018
Having been successful in its medium-size convenience store
business, the group is nowmoving to become a food maker that
produces biscuits and bread. It cooperates with Malaysia’s Muncys
Group and Japan’s Yamazaki Group. The group’s retail business
continues to outstrip competitors, including the Salim Group’s
Indomaret. The Alfamart Group controls 13,477 stores across
the country and besides Alfamart, also operates the Alfamidi
chain through PT Midi Utama Indonesia, which has more than
1,000 outlets. The group is currently expanding elsewhere in
the Association of Southeast Asian Nations (Asean) through its
subsidiaryAlfamart Retail Asia, which manages 600 Alfamart outlets
in the Philippines. The Alfamart Group, which also has indirect
operations in the pharmacy trade through PT Sumber Medika
Lestari, plans to open 800 new outlets throughout the country.
9
Alfamart Group (Sumber Alfaria Trijaya)
Private
Modern Retail
Djoko Susanto
$4.3 billion
8
Royal Golden Eagle Group
Private
Pulp & Paper, palm oil plantations
Sukanto Tanoto
$5.7 billion
Royal Golden Eagle (RGE) is expanding its business outside Asia with
Brazil set to become the hub for its pulp and paper business in Latin
America. This year, the group partnered with Brazil’s Lwart Group
to acquire a 100 percent stake in its subsidiary Lwarcel Cellulose,
which has a pulp mill with a production capacity of 250 metric
tons. The group’s subsidiary, Apical, recently acquired a biodiesel
refinerywith a production capacity of 1,000 tons from Kutai Refinery
Nusantara. Its energy interests are managed by Pacific Oil & Gas,
which operates the 780-megawatt CGT Xiamen power plant in
China, in addition to a gas well in Jambi Merang, Sumatra. Founder
Sukanto Tanoto is handing operation of the group’s businesses to his
children, Anderson, Imelda, Belinda and Andre.