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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]
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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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 ...
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.
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.
Fuganto Widjaja (born 1980/1981) is an Indonesian billionaire businessman.. Fuganto Widjaja is the grandson of Eka Tjipta Widjaja, the founder of the Sinar Mas Group, an Indonesian palm oil and property conglomerate started before the Second World War.