Sinar Mas Group
| Sinar Mas Group
|
|
|---|---|
 |
|
| legal form | |
| Seat |
Jakarta , Indonesia
|
| management | Franky O. Widjaja |
| Number of employees | 43,000 |
| Branch | Conglomerate |
| Website | www.sinarmas.com |
The Sinar Mas Group is one of the largest conglomerates in Indonesia . It was founded in 1962 by Eka Tjipta Widjaja and is now run by his family and has numerous subsidiaries, including B. Asia Pulp and Paper Company Ltd. (APP) (pulp and paper), AFP (agribusiness, nutrition and real estate) with offices in Indonesia, Malaysia , China and Singapore and SMMA (financial services).
A subsidiary was established in India in the 1990s, but it was sold to Ballarpur Industries Limited in 2001 .
Subsidiaries
Asia Pulp and Paper Company Ltd. (APP)
Asia Pulp and Paper Company Ltd. mt based in Singapore is the world's fourth largest producer of pulp and paper. APP was founded in 1994 and manufactures paper and pulp in Indonesia, China and India. APP also has packaging material factories in these countries and in Singapore, the United States, and Mexico . APP has marketing offices on all continents. APP was considered a "small Indonesian miracle", as the company hardly suffered any damage even in the economically difficult times for Indonesia in 1997/98. Meanwhile, however, the economic strength of the company is attributed to the cheap exploitation of rainforests. For example, Indonesia's largest pulp and paper mill, Indah Kiat Pulp & Paper Tbk. (IKPP) in Riau, Sumatra, which owns around 58% of the APP, draws around 70% of the trees it needs from rainforest stocks. As a result, at least 300,000 hectares of rainforest have been destroyed in recent years. This fact led, among other things, to APP being exposed to a boycott call in Great Britain . The company set itself the goal of using only wood from plantations; however, the implementation is difficult because the land required for this is also claimed by the local population. For this reason, in February 2001 there were clashes between members of the Saday people and security personnel from a timber company.
1995 APP was listed on the New York Stock Exchange ; however, trading ceased on April 4, 2001. The company today has total debt of $ 13.4 billion, making it the most heavily indebted company in Asia. The main reason for this was the lending by foreign banks, which, due to the enormous growth of APP, showed a lack of care. At the time, IKPP's financiers included Deutsche Bank , Commerzbank , Dresdner Bank , Berliner Handels- und Frankfurter Bank , Bank Austria , Bankers Trust , IKB Deutsche Industriebank , Landesbank Schleswig-Holstein and Norddeutsche Landesbank . The Hermes Credit Insurance also granted several export credit guarantees. At that time, shares were bought by Deutsche Bank Asset Management , Postbank , DWS Investments and Zurich Scudder Investments .
Asia Food & Properties Ltd. (AFP)
AFP is listed on the Singapore Exchange Securities Trading Limited (SGX-ST) and operates in the three areas of agro-business, food and real estate in Indonesia, China, Malaysia and Singapore.
Sinar Mas Multiartha Tbk (SMMA)
SMMA (formerly Internas Artha Leasing Company ) was founded in 1982 as a holding company for the Sinar Mas Group. The company's focus is on finance (banking, insurance) and professional services (IT).
Smart Tbk (Smart)
Smart is a palm oil company founded in Indonesia in 1962 that produces edible oil, margarine and shortening. The company sells the brands Filma, Kunci Mas, Mitra, Palmboom, Palmvita, Menara, Pusaka, Delicio, Delicio White, Delicoa 38, Good Fry and Palmmita. Smart currently cultivates an area of 110,000 hectares.
Sinar Mas Developer and Real Estate Division (SIMASRED)
The Sinar Mas Developer and Real Estate Division (SIMASRED) is an Indonesian company that was founded in 1988. It consists of over 80 companies that oversee projects in the fields of construction, architecture, real estate and related business areas around the world.
Subsidiaries:
PT Duta Pertiwi Tbk
PT Plaza Indonesia Realty Tbk
Such as:
- Kota Delta Mas
- KIIC Industrial Estate
criticism
The Worldwatch Institute accused APP of buying the goodwill of decision-makers in politics with the donations. In China, for example, proceedings have been initiated for illegal logging. In 2006 the company invited Hengyuan Li, the vice president of the state environmental organization All-China Environmental Federation (ACEF), to tour its production facilities. A few months later, APP was recognized by ACEF for its environmental protection efforts, with the Suzhou branch cited as a prime example of an integrated pulp and paper mill in China.
In 2005, however, the ACEF supported the decision to boycott the Zhejiang Hotel Association regarding APP products and even offered the association to support it in an insulting process initiated by APP. Li explained the 2006 policy change that the ACEF was initially not fully aware of APP's role in environmental degradation in China, having received most of its information from environmental groups that were critical of the company. However, after carrying out their own investigations, it was concluded that the judgment was incomplete and subjective. "This time we gave the company an award for its environmentally friendly paper products to restore its reputation," said Li.
The Sinar Mas Group is also accused of destroying the rainforest in Indonesia through the construction and operation of paper mills through its subsidiary APP. The cultivation of palm oil plantations on Sumatra is also criticized by the local population. Sinar Mas had promised the smallholders there that they would plant an area of six hectares with oil palms, with which they could cover their own needs. In fact, however, 600 hectares were cleared. Since the only oil press in the region is owned by Sinar Mas, the farmers were forced to sell their crops to the group at a low price.
After the companies Unilever and Kraft Foods , the food company Nestlé terminated its cooperation with Smart Tbk in March 2010 after Greenpeace accused it of violating international standards and Indonesian law, participating in land conflicts and clearing rainforests. After Greenpeace informed the companies Montblanc and Tchibo about large-scale rainforest clearing, they instructed their suppliers to end their cooperation with APP. The companies Adidas , Carrefour , Metro , Tesco and Mattel also turned away from the company.
The actions of Greenpeace led the company to announce that it no longer wanted to clear the rainforests of Indonesia .
Individual evidence
- ↑ a b Introduction and Overview ( Memento of the original from January 16, 2016 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. , August 2015
- ↑ Rob Glastra: Elephant Forest on Sale ( Memento of the original from March 4, 2016 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. , WWF April 2003, p. 28f (PDF, 1.17 MB)
- ↑ a b Yongfeng Feng: Paper Giant Destroys Natural Forests, Hides Behind Philanthropy . , Worldwatch Institute of April 10, 2007
- ↑ Singapore paper giant charged with illegal logging in Yunnan . , XINHUA online March 30, 2005
- ↑ Rainforest Report No. 1/08, p. 13/14
- ^ ARTE - The Biofuel Lie , broadcast on April 7, 2009
- ↑ Angelika Hillmer: The palm oil robs us of the forest and with it our existence . In: Hamburger Abendblatt from February 20, 2008
- ↑ Food company terminates contract with Sinar Mas . In: Focus Online of March 18, 2010, accessed on March 18, 2010
- ^ N-tv.de: Pressure on paper company APP grows from November 19, 2011, accessed on November 20, 2011
- ↑ Jamie Woolley, Greenpeace UK: Pressure on paper company APP grows November 1, 2011, accessed November 20, 2011
- ↑ - ( Memento of the original from February 8, 2013 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice.
