ICBP is an established and leading consumer branded products company in Indonesia, with a diverse product range providing everyday food solutions for consumers of all ages. Many of its product brands enjoy significant Top-of-Mind status in Indonesia, and have gained the trust and loyalty of millions of Indonesian consumers for decades.
ICBP was established on September 2009, and listed on the IDX on October 7, 2010. It was established as a separate entity after the internal restructuring of the Consumer Branded Products (“CBP”) Group of its parent company, PT Indofood Sukses Makmur Tbk (“Indofood”), which has been listed on the IDX since 1994. Through this internal restructuring, the entire business operations of Indofood’s CBP Group, comprising noodles, dairy, snack foods, food seasonings, nutrition and special foods, and biscuits (previously under the Bogasari Group), were transferred to ICBP.
At present, Indofood remains the majority shareholder of ICBP with ownership of about 80%. This allows ICBP to enjoy synergies with other Indofood Group companies and maintain its competitive advantage.
In 2012, ICBP initiated new business opportunities by establishing joint venture (“JV”) companies with Asahi Group Holdings Southeast Asia Pte. Ltd. (“Asahi”) to enter Indonesia’s fast-growing non-alcoholic beverage market. These JV companies subsequently acquired a 100% stake in PT Prima Cahaya Indobeverages (“PCIB”) (previously known as PT Pepsi-Cola Indobeverages) in which the commercial JV company, and its affiliates has been appointed by PepsiCo to exclusively produce, market and distribute non-alcoholic beverage under PepsiCo brands in Indonesia; and acquire assets related to the packaged water business under Club brand.
Currently, ICBP’s business units span the following divisions:
The Noodles Division produces and markets a range of
instant bag noodles, instant cup noodles, egg noodles
and instant vermicelli.
The Dairy Division produces and markets a variety of dairy products such as sweetened condensed milk and creamer, liquid milk (including ultra-high temperature, sterilized bottled and pasteurized liquid milk), powdered milk, ice cream and butter.
The Snack Foods Division produces and markets a range of Western and modernized traditional snacks, as well as biscuits.
The Food Seasonings Division produces culinary products that include soy sauce, chili sauce, tomato sauce, bouillon and instant seasonings. It also manufactures and markets cordial syrup.
NUTRITION & SPECIAL FOODS
The Nutrition & Special Foods Division produces and markets various cereals and biscuits for infants and children, cereal snacks for kids and cereal drinks for young adults, as well as milk products for expectant and lactating mothers.
The Beverages Division produces and markets ready-to-drink tea, carbonated soft drinks and fruit juice drinks, as well as packaged water.
The Company’s operations are also supported by the Packaging Division.