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Sinar Mas was founded by a Chinese Indonesian tycoon, Eka Tjipta Widjaja. Sinar Mas businesses operate in different sectors such as pulp & paper, real estate, financial services, agribusiness, telecommunications, and mining. The businesses are listed in the Indonesian and Singapore stock exchanges.
Asia Pulp & Paper was founded as Tjiwi Kimia by Eka Tjipta Widjaja who at the time was a refiner of coconut oil. In 1972 he started Pabrik Kertas Tjiwi Kimia along with Taiwanese investors with the purpose of making paper. [1]
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.
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Sinarmas World Academy (SWA) is a private school in South Tangerang. SWA opened its first classes from Pre-K to Grade 7 in July 2008. Grade 9 and Grade 10 were added in 2009 and Grade 11 with the start of the IB Diploma Programme in August 2010. English is the language of instruction, and all students study Bahasa Indonesia and Mandarin.
Due to this, Bumi Serpong Damai changed ownership to Sinar Mas Land around 2003–2004. To change its brand image, Sinar Mas eventually changed the name of the township into its initials, becoming BSD City, and built new residential clusters with new names (De Latinos, The Icon, Sevilla, Foresta, etc.) to market it better.
Located in the Riau province of Indonesia, APRIL operates one of the world’s largest pulp and paper mills. [8] With an annual pulp production capacity of 2.8 million tons and an annual fine paper production capacity of 820,000 tons, [9] it generates employment opportunities for 90,000 local people and represents 6.9% of Riau Province’s economic output (2009).
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.