The Djarum Group grew from a small company of the Oei Wie Gwan
family from Kudus, Central Java Central Java (Indonesian: Provinsi Jawa Tengah) is a province of Indonesia. The administrative capital is Semarang. It's one of the six provinces of the island of Java. Central Java is both a political entity and a cultural concept. . In 1951, Oei Wie Gwan, took over NV
Murup, which produced cigarettes with the brand of Djarum. Later the
name of the company was changed wth Djarum with only tens of workers.
Djarum produced clove flavored cigarettes using the brand of Djarum with
market coverage only the area of Kudus
In 1969, Oei Wie Gwan began to transfer the management of the
company to his two children–Michael Bambang Hartono and Robert Budi Hartono
HartonoRobert Budi Hartono (born 1942?) is tobacco billionaire from Indonesia with 2004 net worth US$2.2 billion. Owns and runs privately-held Djarum, the world’s third largest maker of clove cigarettes. Recently grabbing share from number two Sampoerna. . After a setback as a result of fire that almost destroyed the
entire factory in 1963, Djarum managed to grow and modernise its factory
Djarum shipped its first exports of cigarettes in 1972 mainly Japan
and the Netherlands. Three years later Djarum began the marketing of its
filter cigarette with the brand of Djarum Filter, followed in 1981 with
the brand of Djarum Super, the best seller among filter clove cigarettes
PT. Djarum is one of the country’s largest cigarette makers.
According to according to
1. As stated or indicated by. On the authority of: according to historians.
2. In keeping with: according to instructions.
3. the Forbes Magazone in March 2010, the owner of PT Djarum,
Michael Bambang Hartono and Robert Budi Hartono were the 258th among
1,000 rchest people in the world, each with a wealth of US$ 1.7 billion
or a total of US$3.4 billion. The Hartono family is now preparing the
transfer of management of the Djarum Group to the third generation
including Arman Budi Hartono, now a director of BCA and Victor Rahmat
Hartono, a director of PT. Djarum.
Meanwhile, Martin B Hartono has married Grace L Katuari, a daughter
of Katuari of the Wing Group creating a marital bond between people of
the third generations of he two larger company groups.
The growing anti smoking campaigns has caused a drag in Verb 1. drag in –. Force into some kind of situation, condition. Course of action. “They were swept up by the events”. “don’t drag me into this business”
embroil, sweep up, tangle, drag, sweep the
expansion of cigarette industry in the country prompting the Djarum
Group not to relay any more on cigarette industry as the core business.
The group has been aggressive in diversifying business.
Now the business of the Hartono family has expanded. The Djarum
Group already has a number of subsidiaries operating in various other
business areas such as property, banking, electronic industry,
Cigarette industry the locomotive
PT. Djarum was established in 1951 to start as a clove flavored
cigarette maker, producing cigarettes in traditional manual way known as
hand-rolled clove cigarettes.
Later the factory in Kudus was modernised to produce machine rolled
clove cigarettes. PT. Djarum is known as the first producer filter clove
cigarettes in Indonesia using the brand of Djarum Filter in 1976. The
product, however, failed to survive and was later replaced with Djarum
Super in 1981, which until now has become one of the best sellers in the
PT Djarum is the third largest cigarette companies in the country
with a market share of 17.2%. It production reaches 20 billion
cigarettes a year.
The company has acquired small and medium scale cigarette producers
including PT. Prima Tobacco Harum, PT. Wikatama Indah. PT Filasta.
In the clove flavored cigarette market PT. Djarum is facing PT.
Bentoel and PT. HM Sampoerna as the main rivals. In white cigarette
market its main rival are PT British American Tobacco British American Tobacco Plc (LSE: BATS, AMEX: BTI, KLSE: BAT) is the second largest listed tobacco company in the world. It's based in London, England and is a constituent of the FTSE 100 Index with a market capitalisation of over £29 billion as of June 2005. (BAT) and PT.
Philip Morris Indonesia.
In 2008, PT Djarum launched a new product with the brand of Djarum
Black Slimz, a variant of Djarum Black, which already hit the market
earlier. Djarum Black Slimz looks slimmer measuring 6.1 mm with a length
of 95 mm, in black cigarette paper.
Djarum has supporting units PT. Bukit Muria Jaya, to supply
cigarette packing. The Djarum Group has a cigarette factory in Brazil
and a distributor PT. Djarum Nekajasa.
PT. Bank Central Asia Bank Central Asia (BCA) is an Indonesian bank founded on August 10 1955.
The Asian monetary crisis in 1997 had a tremendous impact on Indonesia’s entire banking system. In particular, it affected BCA’s cash flow and even threatened its survival. (BCA) was established in 1957, now the
country’s largest private bank. It was established and owned first
by the Salim Group The Salim Group is Indonesia’s biggest conglomerate with assets including Indofood Sukses Mamur, the world’s largest instant noodle producer. Bogasari, a large flour-milling operation . The group was founded by Sudono Salim. of tycoon Liem Sioe Liong. In the wake of 1998
monetary crisis, BCA was taken over by the Indonesian Bank Rescue Agency
(BPPN BPPN Badan Penyehatan Perbankan Nasional ) of the government in compensation of the debt of the
conglomerate. The agency succeeded in revitalizing the ailing bank and
after its reputation was fully recovered. BPPN handed over the bank to
Bank Indonesia Bank Indonesia is the central bank of Indonesia. Its current governor is Burhanuddin Abdullah. History
Bank Indonesia was founded on July 1, 1953, in the Sukarno era –. From the nationalisation of De Javasche Bank, a Dutch bank dating from colonial times. in 2000. In the same year BCA launched Initial Public
Offering selling 22.5% of its shares owned by BPPN. After the IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. BPPN
still had the controlling share of 70.30% in BCA. In the second public
offer in 2001, BPPN sold 10% more stake.
In 2002, BPPN divested 51% stake it owned in BCA through tender. At
that time the Mauritius based Farindo Investment Ltd won the tender at a
price of Rp5.3 trillion.
Farindo Invesment is an investment vehicle of Michael Bambang
Hartono and Robert Budi Hartono through Alaerka Investment as the
shareholder of Farindo Investment Ltd. Other shareholders of Farindo
included a US investment company Farallon Capital holding 7.82% of he
shares of Farindo. In the beginning, Alaerka owned only 9.36% of Farindo
with Farallon having 90.64%. Later, Alaerka Investment took over the
majority 92.18% stake in Farindo Investment Ltd.
In 2010, the Djarum Group strengthened its control of BCA through
two subsidiaries PT. Tricipta Mandhala Gumilang and PT. Caturguwiratna
Sumapala, which are also controlling shareholders of PT Sarana Menara
Nusantara Tbk. Through Credit Suisse The Credit Suisse Group (SWX:CSGN, NYSE: CS) is a financial services company, headquartered in Zürich, Switzerland. It's the second-largest Swiss bank, behind UBS AG. , the Djarum Group acquires more
stakes in BCA from UBS UBS Union Bank of Switzerland
UBS United Bible Societies
UBS United Blood Services
UBS United Buying Service
UBS Used Bookstore
UBS University Business Services
UBS Universal Building Society (UK)
UBS Ulaanbaatar Broadcasting System Securities at a price of Rp3.45 trillion. The
deal brought the entire share of the Djarum Group to 50.24% in BCA.
Currently BCA has a market capitalization Market Capitalization
A measure of a public company’s size. Market capitalisation is the total dollar value of all outstanding shares. It’s calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. of Rp61.665 trillion in
2010. Its customers reached 8.9. million by June 2010, including 2
million credit card holders in 2009. BCA has 895 branch offices all over
Indonesia and two representative offices in Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. and Singapore. It
has a network of 6,781 units of ATM, Non Tunai and ATM Setoran Tunai.
Earlier, the Djarum Group had two banks Bank Haga and Bank
Hagakita. In 2006, the two banks were sold to the Netherlands-based
Rabbobank Group. Bank Haga and Bank Hagakita combined had assets worth
Rp3.97 trillion by 31 December 2005. The two banks had 78 branch offices
in Java, Bali and Sumatra with 1,537 employees.
The Djarum Group through PT. Cipta Karya, launched the World Trade
Center in Mangga Dua, Jakarta in 2002. The project, according to
property consultant Pro Lease, was worth Rp600 billion.
In 2004, the Djarum group through PT Cipta Karya Bumi Indah (CKBI)
took control of Hotel Indonesia Hotel Indonesia (HI) is a well known hotel and landmark in Jakarta, Indonesia. Is the first star hotel in Jakarta. It's located in Jalan Jendral Sudirman. The famed traffic circle Bunderan HI (HI Roundabout) gets it’s name from Hotel Indonesia. and Hotel Inna Wisata (Hotel Wisata)
from PT Hotel Indonesia Natour, the parent company of state owned
hotels. CKBI spent Rp1.3 trillion on renovation of Hotel Indonesia and
Hotel Wisata. In compensation, CKBI was given a 30-year operating right.
During the build-operate-transfer (BOT) period, the income of Hotel
Indonesia and Hotel Wisata will be split 49% for the government and the
rest for CKBI.
During the 30-year period, Djarum is estimated to spend Rp390
billion, which means Hotel Indonesia Natour will receive Rp 13 billion
in income a year. In addition, both side agreed on an option of 20-year
extension. The fee for the extension is at least Rp400 billion or 25% of
the selling value of the tax object. Djarum agreed to pay Rp33 billion
in severance pay Severance Pay
Compensation that an employer gives to someone who's about to lose their job.
Severance pay isn't always paid to employees. It depends on the situation in which the employee is losing their job and whether legislation requires severance to be paid. for 1,300 workers of the two hotels or 1.5 times larger
than require by the law in 2003.
Currently, the two hotels have been renovated into one hotel and a
shopping mall named Grand Indonesia Coordinates:
Grand Indonesia is a mixed-use complex located on the side of the prominent Selamat Datang Monument, fronting the traffic circle, Bundaran HI, in Jakarta . Grand Indonesia occupies a location
of 7 hectares in the prestigious area of Jl MH Thamrin Jakarta. This
area is the most expensive business district providing a 250,000 sq.m.
Luxurious shopping and entertainment .centre in 8-storey building. The
shopping mall consists of two blocks, west and east connected with a
bridge and a parking area hat could accommodate up to 5,500 cars. The
hotel is operated by Kempinski Group, therefore, its name was changed
with Hotel Indonesia-Kempinski. The hotel with 280 rooms adopts an
international standard in service equivalent to The Raffles of Singapore
and The Oriental of Bangkok. Apart from hotel there are 190 units of
apartment called Kempinski Residence, in 57 floor building. Djarum also
controls the BCA tower, an office building which is just besides the
Grand Indonesia shopping mall. The tower has a swimming pool and sport
centre on the 11th floor.
The Djarum Group has other property buildings including Hotel Padma
in Bali, Hotel Malya Bandung. City Square in Surabaya and Mogot MII 1. (body) MII –. A consortium of Microsoft, IBM. Intel.
2. (storage) MII –. A broadcast component video tape format licensed by Panasonic. in Jakarta.
Starting with PT. Indonesia Electronic and Engineering, which was
established in 1975, the Djarum Group expanded business to electronic
industry. Its factory occupied an area of 130,000 sq.m. At Sayung,
Semarang, Central Java producing electronic goods such as television
sets, refrigerators, radio compo com·po
n. pl. com·pos
Any of various combined substances, such as mortar or plaster, formed by mixing ingredients.
[Short for composition.] , etc.
In 1977, the factory in Kudus imported components from Belgium to
start the process of technology transfer from Philips-MBLE Belgia. It
launched its first product of television with the brand of Polytron.
However, the first television product of HIE hie
intr. &. Tr.v. hied, hie·ing or hy·ing , hies
To go quickly. Hasten.
[Middle English hien, from Old English h failed to win a foothold in
the market. Electronic stores refused to sell Polytron products.
Later the European technology of HIE was changed with Hong Kong
technology. With components imported form Hong Kong they launched a 20
inches black and white TV sets. They opened and developed own research
centre hat since then they produce electronic goods with own design.
They also gained transfer of technology through cooperation with Salora
television producer from Finland (now Nokia).
In 2000, the name of the company was changed wth PT. Hartono Istana
Eletronics. Later it was changed again with PT. Hartono Istana
Teknologi (HIT). The company has succeeded in producing energy saving
(40 watts) colour TV sets with sizes of 17,20 and 26 inches. The company
even has succeeded in producing lower wattage TV sets of 20 watts, which
they claimed as the first in the world.
Now, HIT already exports electronic products with the brand of
Polytron. Polytron has been quite competitive facing other major global
brands like Samsung, Sony, Sanyo and LG.
Early 2010 HIT opened a showroom in Guangzhou, China with target of
boosting exports by 15%-20% in 2011. Exported products vary including TV
sets for exports to Vietnam, Bahrain, Pakistan, Thailand. The
Philippines and audio products to be exported to Middle East and the
United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world’s third largest country in population and the fourth largest country in area. . In Thailand all airports use TV sets with the brand of
Currently, Polytron brands are used not only for audio video
products but also Home Appliances (Refrigerator, Air Conditioner,
Washing Machine, Chest Freezer, Freezer, Water Dispenser. Show
According to the Polytron marketing director Chris Iwan the company
set a growth target of 25% for the sales of electronic products to Rp2.5
trillion in 2010 from Rp2 trillion in 2009. In 2009, Polytron cathode ray tube
ray tubeSee CRT.
(hardware) cathode ray tube –. (CRT) An electrical device for displaying images by exciting phosphor dots with a scanned electron beam. CRTs are found in computer VDUs and monitors, televisions and oscilloscopes. TV sets accounted for 40% of the sale sin 2009 and audio
products accounted for 25% with other products such as refrigerator, AC
and washing machines combined contributing 35%.
PT Sarana Menara Nusantara Tbk (SMN SMN Survival Motor Neuron
SMN Servicio Meteorologico Nacional (Spanish: National Meteorological Service)
SMN Santa Maria Novella (church and main train station, Florence, Italy)
SMN Summoner ), which is investment holding
posted Rp877 billion in income by 31 October 2009, with net profit of Rp
535 billion. In 2008, it still suffered a loss of Rp471 billion.
In March 2010, SMN launched Initial Public Offering listing
112,232,500 of its shares a price of Rp1,050 per share. The IPO,
therefore, was valued at Rp117.844 billion. The IPO fund was used to
strengthen the paid up capital of its subsidiary PT Protelindo and to
repay a debt of Rp40 billion. Protelindo still has a debt of US$ 360
million and Rp 1.18 trillion.
SMN is a 99.99% shareholder of PT Profesional Telecommunications
Indonesia (Protelindo), with other shareholders including PT Tricipta
Mandhala Gumilang and PT Caturguwiratna Sumapala.
PT Protelindo operates in telecommunications sector offering
telecommunication towers. The towers are leased out under master lease
agreement to a number of telecommunication companies like Bakrie
Telecom, Sampoerna Telecom, Hutchinson, Indosat, Telkomsel, Fren.
In 2008, Protelindo agreed to acquire 1,000 units of towers from
Hutchinson. CP Telecommunications (HCPT HCPT Handicapped Children’s Pilgrimage Trust (UK charity)
HCPT High Consequence Pathogen or Toxin ) at a price of US$ 110,000 each
or a total price of US$ 110 million. The acquisition was financed with a
bank loan and internal cash. Hutchison, a cellular phone operator with
the brand of Three, then used the towers on 10-year lease from
Protelindo. The two side hoped to complete the process of transferring
ownership of the towers in 2012.
In 2010 Protelindo had 3,639 units of telecommunication towers with
target to increase the number to 5,000 more units by the end of 2010
In 2001, the Djarum Group and the consortium of the Wings Group,
acquired PT. Salim Oleochemicals, which was known as a producer of palm
&. Coconut oil for shampoo.
Through PT. Hartono Plantations Indonesia (HPI HPI
history of present illness ), the Djarum Group
expanded its wings to the CPO (Chief Privacy Officer) An individual who manages the privacy issues within an organisation. Arising out of the privacy regulations in finance and health care in the late 1990s, the CPO position eventually crossed over to all industries. business in Pontianak, West Kalimantan and
Sumatra. HPI owned around 100,000 hectares of oil palm plantations in
2009 and to be expanded to 500,000 hectares in 2011. In this business,
the Djarum Group invested Rp15 trillion or around Rp35 million per
hectare. The Djarum Group plans to build a number of CPO plants.
PT. HPI has a subsidiary PT Peniti Sungai Purun (PSP (PlayStation Portable) See PlayStation. ) which has
5,321 hectares of plantations including plasma estates in Purun Selatan,
Pontianak. It also has around 800,000 oil palm seeds ready for planting.
BCA showed good performance in 2009 reorting Rp31.6 trillion in
income with net profit of Rp6.1 trillion.
In the first nine months of 2010, BCA recorded growth in credits
and third party funds it held. It assets rose 16.6% to Rp310.2 trillion
by September 2010, from Rp 273.3 trillion a year earlier. In the nine
month period BCA posted net profit at Rp7.8 trillion, up 27.8% from
Rp6.1 trillion in the same period in the previous year.
Its third party funds grew 16.2% on-year to Rp255 trillion by June
2010. Giro giro
1. (in some countries) a system of transferring money within a bank or post office, directly from one account into another
2. fund held by the bank rose 22.1% on-year to Rp59.1 trillion
and savings increased 12.8% yoy to Rp127.9 trillion. Deposits rose
18.1% yoy to Rp68 trillion. Cheap funds or savings and giro made up
73.3% of its third party fund. Its secondary reserves reached Rp 76.7
trillion by June 2010.
Details of the Group
Parent Company : Djarum, PT
Address : Jl. KS. Tubun II-C No. 57, Tanah Abang
City : Jakarta
Phone(s) : (021) 5346892, 5346893
Fax(s) : (021) 5346905
Web : www.djarum.com
Number of Companies : 24 Companies
* Cigarette industry
Line of business : * Investment company
Chairman : –Mr. Michael Bambang Hartono
Others Key Person : –Mr. Robert Budi Hartono
List of the Group Member
Leading Members : (Cigarette Manufacturing)
–Filasta Indonesia, PT
–Wikatama Indah Sigaret Indonesia, PT
–Prima Tobacco Harum Industry, PT
–Stevania Ultra Tobacco, PT
–Victory Suprasigaret Company, PT.
–Cipta Karya Bumi Indah, PT
(Hotel and Shopping Mall)
–Bukit Muria Jaya Estate, PT
–Hartono Istana Teknologi, PT
–Bank Central Asia, PT
Other Members : –Tricipta Mandhala Gumilang, PT
–Caturguwiratna Sumapala, PT
—. PT Peniti Sungai Purun
–Hartono Plantations Indonesia, PT
–Kudus Istana Furniture, PT
–Busana Rama Textile and Garment, PT
–Ardi Jaya Karya, PT
–Supra Visi Optic, PT
–Istana Busana Mahkota, PT
–Perada Communications, PT
–Supra Visi Rama Optic Manufacturing, PT
(Telecommunication Tower Rental)
Summary financial report of PT. Bank Central Asia
and subsidiaries , 2009 and June 2010
Description Sept 2009 Sept 2010
Current assets 259.184.275 294.741.193
Non current assets 8.387.371 5.895.192
Total fixed assets 2.707.078 3.742.589
Other assets 1.347.642 5.811.262
Total assets 273.289.707
Liabilities and equity
Current liabilities 239.157.281 268.430.239
Non current liabilities 7.084.862 9.334.644
Other liabilities —. —.
Equity 27.047.564 32.431.353
Total liabilities and equity 273.289.707 310.196.236
Income 31.688.394 37.036.416
Net profit 6.121.876 7.817.254
Source : PT. Bank Central Asia