Salim Group

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Salim Group
TypePrivately held company
IndustryConglomerate
Founded4 October 1972 Edit this on Wikidata
FounderLim Sioe Liong
Headquarters,
Key people
OwnerFirst Pacific
Subsidiaries

The Salim Group is Indonesia's biggest conglomerate and refers to companies where the Salim family held majority ownership. Its assets include Indofood Sukses Makmur,[a] the world's largest instant noodle producer; Indomobil Group, one of Indonesia's largest car manufacturers; Indomaret, Indonesia's largest convenience store chain; and Bogasari, a large flour-milling operation.[1] The group was founded in October 1972 by Sudono Salim and his junior partner Sutanto Djuhar (Lin Wenjing). The current CEO is Anthoni Salim, a son of Sudono Salim.

The Salim Group also owns major oil palm plantations (about 1,000 km²) and logging concessions. Salim Group has been involved in property development and the leisure industry for around 30 years. Its businesses include hotel and resort development, golf courses, and commercial real estate.[2]

History[edit]

A portrait of Salim Group founder Sudono Salim being burned by rioters when his Jakarta house was ransacked during the May 1998 riots

The Salim Group was closely tied to Indonesian politician and dictator Suharto, who ruled Indonesia for 31 years and was Sudono Salim's "friend and patron".[3] During the May 1998 riots that led to Suharto's downfall, Sudono Salim's house was burned down and he was forced to flee to Singapore.[4]

In 1999, the group called off talks to sell a stake in Indofood to San Miguel Corporation, the largest food and beverage conglomerate in the Philippines, because of control questions.[5]

Projects in West Bengal[edit]

The Salim Group is involved in a number of projects in West Bengal, an eastern state of India. It is involved in the construction of Kolkata West International City. Salim and Universal Success are investors in the project, Ciputra is the developer, and Singapore-based Surbana is the project manager.[6]

The proposal of the Salim Group for chemical hub and multi-product SEZ were cleared in principle by the board of approvals of the Union Commerce Ministry, Government of India, in October 2006.[7]

Companies[edit]

Former companies[edit]

See also[edit]

Notes[edit]

  1. ^ Through a 50% stake owned by First Pacific, the family's investment company

References[edit]

  1. ^ Business Times & Asian Wall Street Journal (June 1998)
  2. ^ "Kolkata West International". Archived from the original on 15 March 2007. Retrieved 6 September 2007.
  3. ^ "Introduction". Liem Sioe Liong's Salim Group: The Business Pillar of Suharto's Indonesia. ISEAS–Yusof Ishak Institute. 2014. ISBN 9789814459594.
  4. ^ "Suharto-Era Billionaire Tycoon Salim Dies Aged 97". 12 June 2012.
  5. ^ "In 1999 Indofood to San Miguel Corporation in the Philippines - Google Search". www.google.com. Retrieved 3 March 2022.
  6. ^ Saha, Subhro (14 April 2006). "West wake-up". A sprawling satellite township that promises a slew of facilities and can house 36,000 people may change the face of Howrah. Calcutta, India: The Telegraph. Retrieved 26 March 2007.
  7. ^ "Salim SEZs, 6 others given green signal". Calcutta, India: The Telegraph, 7 October 2006. 7 October 2006. Retrieved 6 September 2007.
  8. ^ Saragih, Houtmand P. (15 January 2020). "Cerita Salim Kehilangan Bank, Sekarang Punya Lagi". CNBC Indonesia (in Indonesian). Retrieved 2 November 2021.