Sinar Mas Group
 |
|
| Private | |
| Founder |
Eka Tjipta Widjaja Singgih Wahab Kwik (Kowik) |
| Headquarters | Jakarta, Indonesia |
| Website | www |
Sinar Mas Group, (simplified Chinese: 金光集团; traditional Chinese: 金光集團; pinyin: Jīnguāng Jítuán) is one of the largest conglomerates in Indonesia. It was formed in 1962. It has numerous subsidiaries including Asia Pulp & Paper and palm oil producer PT SMART.
Sinar Mas Group was founded by a Chinese Indonesian tycoon, Eka Tjipta Widjaja (黄亦聪), with the help of Singgih Wahab Kwik (Kowik) or Christophorus Kowik Singhap. The company set up a subsidiary in India in the 1990s, but sold it to Ballarpur Industries Limited in 2001.
Sinarmas 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.
Smart Tbk, the palm-oil producing subsidiary of Sinarmas Group, has been accused by Greenpeace of causing deforestation of Indonesian rainforests. To investigate this accusation, Smart Tbk has appointed Control Union Certification and BSI Group, assisted by two researchers from the Bogor Agricultural Institute.
Sinar Mas is one of the eight companies responsible for sending hazardous level of smog to Singapore and Malaysia.
In December 2009, Unilever suspended purchases of palm oil from Smart Tbk citing concerns that Smart Tbk had not provided sufficient evidence that they are not involved in unacceptable environmental practices. However, Unilever plan to resume Palm Oil purchases if independent auditors, formed by Sinar Mas and Unilever, disprove allegations of forest destruction.
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Wikipedia