The company is owned by Cargill food
Indonesia with more than 98 % of total shared. The company is controlled by the
parent company which is located in US. The company produces starch and its
derivatives such as sweeteners, syrup and starch powder. The head office is
located in Pandaan city, east java.
Starch is made from cassava as
the main raw material. The corporation has several factories in Java and Sumatra
consists of two sweetener factory and 3 starch factories.
The company seems focus in one
business segment in generating income. In 2014 there was a slightly increase of
sales which rose more than 4.1 % compared to sales in 2013. In 2014 the company
was able to maintain its margin at about 20%. Meanwhile, its profit margin
slightly rose from 6.4 % in to 7.8%. For operating ratio, cash cycle apparently
was stable.
More than 42 % of revenue in 2014 was contributed from sales
at oversea. The company supplies its product to more to multinational company
in 70 countries. Since it had been acquired by Cargill food Indonesia in 2011,
the export is estimated to grow significantly in future.
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