Formerly | Sinar Mas Group (1938-2006) |
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Company type | Private |
Industry | Conglomerate |
Founder | Eka Tjipta Widjaja |
Headquarters | , |
Website | www |
Sinar Mas is one of the largest conglomerates in Indonesia. It was formed in 1938.[1] It has numerous subsidiaries including Asia Pulp & Paper and palm oil producer PT SMART. The company also acquired Berau Coal Energy from Asia Resource Minerals PLC, a major mining group founded by Nathaniel Rothschild, in a takeover initiated by Fuganto Widjaja.[2]
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.