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Astra International, Tbk. is an Indonesian conglomerate [1] controlled by Jardine Cycle & Carriage. It was founded in 1957 by Tjia Kian Tie, Liem Pen Hong with the name of PT Astra International Incorporated.
Astra Agro Lestari Tbk. (AAL) is the second biggest palm oil company in Indonesia. It is a subsidiary of PT Astra International Tbk. At least in 2004, it controlled extensive land banks. [2] It has two concessions on peatlands in Riau, with an estimated total area of 20,000 hectares. [3]
PT United Tractors Tbk (also known as UT or UT Company) is an Indonesian company, subsidiary of PT Astra International Tbk ("Astra") that operates in six business lines, namely Construction Machinery, Mining Contractor, Coal Mining, Gold Mining, Construction Industry, and Energy. United Tractors has 20 branch offices, 32 site supports, 6 ...
PT Toyota-Astra Motor (also called TAM) is an automobile trading company based in Jakarta, Indonesia.It is a joint venture company between Toyota Motor Corporation and Astra International with a distribution of shares of 50% and 50% respectively, acting as a sole agent, distributor, and importer of Toyota vehicles.
PT Astra Daihatsu Motor (also called ADM) is an automobile manufacturing company based in Jakarta, Indonesia. It is a joint venture company between Daihatsu, Astra International and Toyota Tsusho. It is the largest car manufacturer in Indonesia by production output and installed capacity, and has been second best-selling car brand behind Toyota.
In March 2010, Astra overtook Telkom Indonesia to become Indonesia's most valuable company. [1] Soeryadjaya lost control of Astra in 1992, when he sold most of his family's shares to rescue Summa Bank, which was owned by his eldest son Edward Soeryadjaya, [3] that had suffered from a credit crisis and finally collapsed. He personally guaranteed ...
In 2004, Standard Chartered Bank and PT Astra International Tbk took over Permata Bank and started a massive transformation process within the organization. Furthermore, as a manifestation of its commitment to PermataBank, the joint ownership of the major shareholders increased to 89.01% in 2006.
Soeryadjaya set up investment firm Saratoga Investama Sedaya in 1998. Today, through his private equity firm, PT Saratoga Investama Sedaya, he holds an ownership in coal miner Adaro Energy. He also has a stake in cell tower company Tower Bersama Infrastructure and bought Mandala Airlines in 2011 with his partner Sandiaga Uno. [1]