HISTORY

Although ICBP was established as a separate entity in 2009 and subsequently listed on the Indonesia Stock Exchange (“IDX”) in 2010, its various businesses have been operational under the Consumer Branded Products Group of its parent company, PT Indofood Sukses Makmur Tbk (“Indofood”), since the early eighties.

Today, many of ICBP’s product brands enjoy leading positions in their respective market segments. A history of its business operation is as follows:


Year
1982

Started the noodles business.


Year
1985

Started the nutrition and special foods business.


Year
1990

Started the snack foods business through a joint venture with Fritolay Netherlands Holding B.V., an affiliate of PepsiCo.


Year
1991

Started the food seasonings business.


Year
2005

 

  • Started the biscuit business.
  • Collaborated with Nestlé SA to market culinary products.

Year
2008

Started the dairy business through the acquisition of Drayton Pte. Ltd., which owns a majority share of PT Indolakto (“Indolakto”).
 


Year
2013

 

  • Started the beverage business through a joint venture with Asahi Group Holdings Southeast Asia Pte. Ltd., established in 2012.
  • Became an exclusive bottler for PepsiCo products.

 


Year
2014

 

  • Entered into the packaged water business, through the acquisition of the Club brand.
  • Expanded the dairy business through the acquisition of the Milkuat brand.