February 26, 2015 6:31 PM ET

Food Products

Company Overview of PT Tiga Pilar Sejahtera Food Tbk

Company Overview

PT Tiga Pilar Sejahtera Food Tbk engages in food processing, rice processing, and palm oil plantation businesses in Indonesia. It offers noodles and vermicelli under the Mie Ayam 2 Telor, Superior, Filtra, Kurma, Spider, Haha Mie, New Bossmi, Mie Kremezz, and Shorr brands. The company also produces and sells snacks, including biscuits, wafer sticks, and candies under the Gulas, Gulas Plus, and Growie brands. In addition, it owns palm oil plantations in Tanjung Seloka and Kebun Lontar, District of West Pulau Laut and South Pulau Laut, and Kota Baru Regency, South Kalimantan. Further, the company is involved in the production and trade of rice; and producing corn vermicelli under the Tanam Jag...

Alun Graha

Suite 110

Jl. Prof. Dr. Soepomo

SH No.233

Jakarta,  12870

Indonesia

Founded in 1959

2,926 Employees

Phone:

62 21 831 8775

Fax:

62 21 835 1215

Key Executives for PT Tiga Pilar Sejahtera Food Tbk

PT Tiga Pilar Sejahtera Food Tbk does not have any Key Executives recorded.

PT Tiga Pilar Sejahtera Food Tbk Key Developments

Tiga Pilar To Enter Into Vietnamese And Malaysian Markets

PT Tiga Pilar Sejahtera Food Tbk (JKSE:AISA) is planning to stakes in a Vietnamese food company and a Malaysian food company in 2015. Tiga Pilar is allocating $80 million for the expansion and will spend $40 million in each country. Sjambiri Lioe, Director of Tiga Pilar said that Tiga Pilar will buy a stake between 90%-100% in the Vietnamese company and a majority stake in Malaysian company. Sjambiri further told that they have started negotiations with both the potential targets and that one of the two companies is a biscuit manufacturer. Negotiation with the Vietnamese company is expected to close shortly while the negotiation with the Malaysian company is at an early stage. Sjambiri also told that Tiga Pilar will sell the products of both the companies in Indonesia in addition to selling them in their respective countries. Tiga Pilar is also looking to acquire a beverage company and hopes to sign an agreement in the first quarter of 2015. Tiga Pilar allocated $79 million in capital expenditure for 2015.

KKR And Bunge Agribusiness Reportedly Interested In Golden Plantation

KKR & Co. L.P. (NYSE:KKR) and Bunge Agribusiness Singapore Pte. Ltd., have expressed interest in buying 88% shares of PT Golden Plantation, a unit of PT Tiga Pilar Sejahtera Food Tbk (JKSE:AISA), Investor Daily reported, citing Sjambiri Lioe, Finance Director of Pilar Sejahtera Food. Sjambiri Lioe added that the stake is worth between $80 million and $90 million.

PT Tiga Pilar Sejahtera Food Tbk Presents at Indonesia Corporate Day, Nov-26-2014

PT Tiga Pilar Sejahtera Food Tbk Presents at Indonesia Corporate Day, Nov-26-2014 . Venue: BAML Client Center, 55/F Cheung Kong Center, 2 Queen's Road Central, Hong Kong.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 2, 2014
PT Golden Plantation Tbk
 

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