- CEO
- Mark Julian Wakeford
- Sector
- Consumer Defensive
- Industry
- Packaged Foods
- Address
- 8 Eu Tong Sen Street Singapore Singapore 059818
- IPO Date
- Mar 2, 2010
- Business
- Indofood Agri Resources Ltd. (IndoAgri) operates as a vertically integrated agribusiness group principally engaged in research and development, oil palm seed breeding, oil palm cultivation and milling, refining, branding and marketing of cooking oil, margarine, shortening and other palm oil derivative products; it also cultivates rubber, sugar cane, cocoa, tea and industrial timber. The company produces and sells branded cooking oils under Bimoli, Bimoli Spesial and Happy; margarines and shortenings under Amanda, Delima, Malinda, Palmia, Royal Palmia and Simas; and industrial products including RBD palm stearin and palm fatty acid distillate to food and beverage producers, patisseries, bakeries and confectioneries. IndoAgri maintains nucleus plantations spanning 288,649 hectares primarily in Sumatra and Kalimantan regions of Indonesia, supported by 27 palm oil mills with 7.2 million tonnes annual fresh fruit bunch capacity, five crude palm oil refineries with 1.7 million tonnes capacity, two sugar mills and refineries, three crumb rubber and two sheet rubber processing facilities, plus dedicated factories for tea and cocoa production; it holds a 36.21% stake in Companhia Mineira de Açúcar e Álcool Participações (CMAA) operating three sugar and ethanol mills in Minas Gerais, Brazil, with 9.7 million tonnes cane crushing capacity.
Founded in 2001 and headquartered at 8 Eu Tong Sen Street, #16-96/97 The Central in Singapore, IndoAgri is effectively 73.7% owned by PT Indofood Sukses Makmur Tbk and listed on the Singapore Exchange under ticker 5JS (OTC: INDFF); its operations serve domestic Indonesian consumers and export markets including Singapore, China, Nigeria, Timor Leste, Germany and the Philippines.
In recent developments, IndoAgri expanded its Tanjung Priok refinery with a third production line set for completion in the second half of 2025, boosting total crude palm oil refining capacity to 2.2 million tonnes annually; the group reported record net profit after tax of Rp2,110 billion for fiscal year 2024, up 125% year-over-year, driven by higher palm product prices amid Indonesia's B35 biodiesel mandate and cost efficiencies. CMAA plans to increase crushing capacity by one million tonnes to 10.7 million tonnes for the 2025/26 crop year to optimize sugar-ethanol mix profitability; the company advanced sustainability efforts with 86% of nucleus crude palm oil production ISPO-certified by end-2024 and full traceability of fresh fruit bunches and processed palm oil, while adopting the TCFD framework for enhanced climate risk management including infrastructure upgrades for flood resilience.