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Bakrie Sumatera Plantations
Bakrie Sumatera Plantations is an agricultural subsidiary of Bakrie Group headquartered in Jakarta, Indonesia. Bakrie Sumatera Plantations manages an estimated one hundred thousand hectares of rubber and palm oil plantations, a railroad for transporting rubber, and several land banks. History Bakrie Sumatera Plantations was founded in 1911 as N.V. Hollandsch Amerikaanse Plantage Maatschappij, opening its first rubber plantation in Kisaran. In the late 1910s, the company was acquired by United States Rubber Plantation Inc., Sumatra, a subsidiary of United States Rubber Company (USRC). In 1986 Bakrie Group acquired the company from USRC, renaming it to "PT Bakrie Sumatera Plantations" in 1990. In 1990, Bakrie Sumatera Plantations opened a palm oil plantation in Pasaman, and acquired another one in Bah Jambi from P.T. Agrowiana the next year. In 1992 Bakrie Sumatera Plantations began converting several of its rubber plantations into palm oil plantations due to palm oil's hig ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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