๐จโ๐ผ Sudono Salim, also known as Liem sioe Liong, was a prominent Indonesian conglomerate founder.
๐ He founded Indofood, a popular Indonesian food brand known for its flagship product, Indomie.
๐ผ In addition to Indofood, Salim's group of companies included many other well-known brands in Indonesia.
๐ Om Liem Sioe Liong started his career as an employee in a kerupuk factory but quickly became a successful businessman.
๐ Despite facing challenges during the Japanese occupation, Om Liem Sioe Liong showed remarkable business instincts and started a logistics business to support the Indonesian army.
๐ค Om Liem Sioe Liong successfully established connections and partnerships, including meeting Sulardi, a cousin of Soetarmono.
๐ Om Liem Sioe Liong moved to Jakarta and founded Central Bank Asia, later known as Bank Central Asia (BCA) in 1960.
๐ข Om Liem and his partners established CV Waringin Kencana, which evolved into PT Bogasari Flour Mills, the largest wheat flour company in Indonesia.
๐พ Under the monopoly granted by the Soeharto government, Bogasari flour production capacity soared from 650 to 9,500 tons per day, becoming a major supplier for nearly two-thirds of the Indonesian population.
๐ญ In addition to Bogasari, Om Liem also founded PT Indocement Tunggal Prakarsa, a well-known cement company.
๐ผ Om Liem Sioe Liong, also known as Sudono Salim, was a prominent Indonesian conglomerate and founder of Indofood.
๐ฐ Salim Group, led by Om Liem, had businesses in various sectors including banking, food, retail, and automotive.
๐ Despite its significant growth, Salim Group was affected by the 1997 monetary crisis in Indonesia, causing instability in its businesses.
๐ฐ The drastic drop in the value of the Indonesian currency had a significant impact on large companies, including Salim Group.
๐ฅ During the 1998 riots in Indonesia, Salim Group faced targeted attacks and their properties were burned down.
๐จโ๐ฉโ๐งโ๐ฆ Sudono Salim, also known as Liem Sioe Liong, had four children, and his third son, Anthony Salim, continued the business and became the most active in Salim Group.
๐ Anthony Salim's determination to revive Salim Group after the 1998 crisis resulted in the successful development of PT Indofood and PT Bogasari.
๐ PT Indofood and PT Bogasari, known for their brand Indomie, have not only achieved success in Indonesia but also expanded their market to various countries worldwide.
๐ฟ As part of Salim Group's agribusiness expansion, they became a prominent player in the palm oil industry through companies like PT Indofood Agri resources, PT London Sumatera Indonesia, and PT Salim ivomas Pratama.
๐ก๏ธ To address the environmental impact of palm oil production, stakeholders from traders to consumers and NGOs have established the rspo, aiming to develop and implement sustainable practices.
๐ The video is about the biography of Liem Sioe Liong (Sudono Salim), the founder of Indofood.
๐ผ In 2019, PT Salim ivomas Pratama withdrew from the rspo due to allegations of 20 rspo standard violations and 10 labor law violations in Indonesia.
๐ช The story highlights the values of hard work, perseverance, and seizing opportunities, as demonstrated by Liem's journey from China to Indonesia.
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