Indofood Agri Resources Ltd. (shortened as IndoAgri) is an investment holding company and a subsidiary of . Through

Anthoni Salim Anthoni Salim, also known as Liem Hong Sien (, born 25 October 1949), is an Indonesian businessman and investor. He is the head of the conglomerate Salim Group and the chairman of First Pacific, a Hong Kong-based investment management firm. E ...

First Pacific First Pacific Company Limited () is a Hong Kong-based investment management and holding company with operations located in Asia. It involves telecommunications, consumer food products and infrastructure. History * 1981: First Pacific Financ ...

and

Indofood PT Indofood Sukses Makmur Tbk is a major Indonesian company involved in the food industry. The company's headquarters are located in South Jakarta, Jakarta. History Indofood was founded in 1968 as Lambang Insan Makmur, an instant noodles busin ...

, he owns 74% of the company's voting rights. The company is listed on

Singapore Exchange The Singapore Exchange Limited (SGX) is a Singaporean investment holding company that provides different services related to securities and derivatives trading and others. SGX is also a member of the World Federation of Exchanges and the Asian ...

(ticker: 5JS) and the

Frankfurt Stock Exchange The Frankfurt Stock Exchange (german: link=no, Börse Frankfurt, former German name – FWB) is the world's 12th largest stock exchange by market capitalization. It has operations from 8:00 am to 10:00 pm ( German time). Organisation Locat ...

(ticker: ZVF).

Operations

IndoAgri operates in

Indonesia Indonesia, officially the Republic of Indonesia, is a country in Southeast Asia and Oceania between the Indian and Pacific oceans. It consists of over 17,000 islands, including Sumatra, Java, Sulawesi, and parts of Borneo and New Guine ...

Brazil Brazil ( pt, Brasil; ), officially the Federative Republic of Brazil (Portuguese: ), is the largest country in both South America and Latin America. At and with over 217 million people, Brazil is the world's fifth-largest country by area ...

and

Philippines The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no), * bik, Republika kan Filipinas * ceb, Republika sa Pilipinas * cbk, República de Filipinas * hil, Republ ...

Controversy

In 2019, IndoAgri quit its membership from the

Roundtable on Sustainable Palm Oil The Roundtable on Sustainable Palm Oil (RSPO) was established in 2004 with the objective of promoting the growth and use of sustainable palm oil products through global standards and multistakeholder governance model, multistakeholder governance ...

after it had struggled with the RSPO complaints. According to Chain Reaction Research, 42% of IndoAgri's landbank is contested, community conflicts are happening on several plantations have and some land is within protected nature area.

References

{{Reflist Companies listed on the Singapore Exchange Palm oil production in Indonesia Agriculture companies of Singapore Agriculture companies established in 2001