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Sinar Mas is one of the eight companies responsible for sending hazardous level of smog to Singapore and Malaysia. Yet, company said forest fires within concession areas did not mean that it was the company that had started the fire.
In December 1976, Indah Kiat was formed as a joint venture between CV Berkat (an Indonesian company), Chung Hwa Pulp Corporation, and Yuen Foong Yu Paper Manufacturing Company. Sinar Mas acquired 67 per cent of the venture's total shares. [3] Tjiwi Kimia was listed on the Jakarta and Surabaya Stock Exchanges beginning in 1990.
In 2022, the Ministry of Industry estimated that Indonesia's pulp and paper industry employed 161,000 workers directly and 1.2 million workers indirectly. The industry had an installed production capacity of 12.1 million tonnes of pulp and 18.3 million tonnes of paper annually, the eighth-largest in the world. [9]
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PT Bank Sinarmas Tbk is a subsidiary of Sinar Mas Multiartha engaged in banking. To support its business activities, by the end of 2020, the bank has 69 branch offices , 134 sub-branch offices, 140 cash offices, 28 sharia branch offices, and 12 sharia cash offices.
The organization took its first action in 1994 in Liwa, West Lampung in response to an earthquake.It was renamed Aksi Cepat Tanggap Foundation on 21 April 2005. [1]Aside from emergency response activities, ACT also expanded its activities to post-disaster recovery programs, community empowerment and development, as well as spiritual-based programs such as qurban, zakat, and waqf.
Widjaja was born Oei Ek Tjhong (c. 1921 [a] –2019, born in Quanzhou, China as Oei Ėk-Tjhong) [7] He was the son of a Celebes-based trader. [8]Around 1930, he and his mother moved to Indonesia–then the Dutch East Indies–to join his father who had already settled in Makassar, Sulawesi, and he started helping his father to run a small shop.
Michael Widjaja is the CEO Sinar Mas Land Group as well as Vice President Director of PT Bumi Serpong Damai Tbk (BSDE). [1] [2] Before this, Widjaja worked for: EuroRev Inc, Los Angeles, 2003, PT Arara Abadi, Indonesia, 2003, Top Tier Trading, Los Angeles, 2005, Vice President Director of PT Duta Pertiwi Tbk, 2007- 2015, Vice President Commissioner of PT Dian Swastika Sentosa Tbk, 2009 - 2011 ...