Deli Company

Not to be confused with Deli (company).

Deli Company (Dutch language: Deli Maatschappij) is a trading and distribution company in the timber, construction product and tobacco industries. It began as large tobacco plantation and production operation established in 1869 by the Dutch in Sumatra.[1][2] It was granted a land concession by the Sultanate of Deli.[3]

The company relied on immigrant coolie labor.[4] Black shank was a problem and was researched on the plantation.[5] Publicly traded on the Amsterdam stock market, it was the first modern company to pay large annual stock dividends.[4] Jacobus Nienhuys founded the company. A few years later he returned to the Netherlands after being indicted for the death of 7 workers[3] and administration of the company was taken over by Jacob Theodoor Cremer who became its largest shareholder.[6] The company's headquarters was constructed in Medan in 1911.

The company diversified into tea, rubber and other industries and acquired other companies over the years. Deli Company's tobacco business was nationalized by Indonesia along with other Dutch enterprises in 1958 under Indonesian president Sukarno.[3] The state-owned Plantation Nusantara Group (PTP) took over the tobacco business but the Deli Company continued operations in other areas and businesses. It is now a wholly-owned subsidiary of Universal Corporation.[6] The business was established near the Deli River.[6]

  1. ^ The Emergence of a National Economy: An Economic History of Indonesia, 1800-2000 Archived 23 July 2016 at the Wayback Machine by Howard W. Dick pages 95, 103
  2. ^ "History". N.V. Deli Maatschappij. Archived from the original on 13 August 2015. Retrieved 19 August 2015.
  3. ^ a b c Cite error: The named reference hist was invoked but never defined (see the help page).
  4. ^ a b Transforming the Public Sphere: The Dutch National Exhibition of Women’s Labor in 1898 Archived 3 May 2016 at the Wayback Machine Maria Grever, Berteke Waaldijk Duke University Press, 2 June 2004 page 136, 152
  5. ^ Black shank of tobacco in the former Dutch East Indies, caused by Phytophthora nicotianae Archived 28 April 2016 at the Wayback Machine: Original papers by Jacob van Breda de Haan, 1895 and Thung Tjeng Hiang, 1931 & 1938 Jan C. Zadoks Sidestone Press, 15 December 2014 page 163, 164
  6. ^ a b c Deli Universal History Archived 8 September 2015 at the Wayback Machine Funding Universe