Sinar Mas Group is one of the largest conglomerates in Indonesia. It was formed in 1962. It has many subsidiaries including Asia Pulp & Paper and palm oil producer PT SMART.
Sinar Mas Group was founded by a Chinese Indonesian tycoon, Eka Tjipta Widjaja. Its main businesses are: Pulp and Paper, Agribusiness, Property and Financial Services. Eka Tjipta Widjaja came to Indonesia at the age of 9 years with his parents during a difficult situation in their country of origin. It had 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 and Paper, Real Estate, Financial Services, Agribusiness, Telecommunications and Mining. The businesses are listed in the Indonesian and Singapore stock exchanges.
Recently the company, which according to Greenpeace is responsible for clearing rainforests and destroying peatlands, has created Eka Tjipta Foundation, a philanthropic foundation that focuses on Education, Poverty and Renewable Energy.
Jaya Suprana from the Indonesian Museum of Records (MURI) presented a certificate to the Eka Tjipta Foundation, a non-profit organization under one of the country’s largest conglomerates, Sinar Mas Group, for granting “the largest number of scholarships for undergraduate students during certain period".
Read more about Sinar Mas Group: Convention Center
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