Consumer goods producer PT Indofood Sukses Makmur Tbk (INDF) will keep expanding in Asia considering the potential market of the most populated region, after making joint ventures in several countries including Philippines, China, and Japan.
The company affiliated with Salim Group has sealed partnership with largest sugar company in Philippines namely Roxas Holdings Inc., which will export products to Indonesia. Moreover, It has formed joint ventures with Japanese beverage maker Asahi group to build factory and enhance distribution in Indonesia.
The largest noodle producer has also stakes in Singapore-listed food producer China Minzhong Food Corporation, which supports the raw material s for its instant noodle brand Indomie. The instant noodle brand has been exported to more than 30 countries. How does it see the potential in Asia? What is its focus of expansion?
Source: PT Indofood Sukses Makmur Tbk (INDF) President Director/ CEO Anthoni Salim