Business Accomplishments for a Better Community

Monday, August 4, 2014

International Expansions Made by Successful Entrepreneur





From various lists of richest people in Indonesia you can read in Forbes, chances are you will always see Sukanto Tanoto’s name, and it is not surprising. Even in his golden years, he is still busy dealing with his global business, which is the result of global expansion he has developed since early 2000’s. While his business in Indonesia managed to reach various areas in major islands, he has also managed to expand his business to China, Singapore and even Brazil.

Sukanto Tanoto: Never Stops Expanding

As a person with strong sense of achievements, Sukanto Tanoto does not stop expanding and growing his business. While Asian Agri has been one of palm oil giants in Indonesia since decades ago, he also managed to invest in China through his RGM Group, which was done form year 2002 to 2010. From that investment, he managed to earn profits as big as $3.5 billion, and he managed to make a name in China as one of the most prominent business people (not to mention that he is also a Chinese descendant who is very proud of his background).

With Asian Agro Group, Sukanto Tanoto now has investment and profit sources from no less than 10 countries. His latest investment project was in Brazil, where he invested at Bahia Pulp, Brazil’s large pulp industry, through his company Sateri International. The amount of his investment is $400 million, and it is not likely that Sukanto plans to stop expanding and looking for opportunities to invest. His company acquired more than 80% of Klabin Bacell stocks and 100% of Norcell SA, two companies that formerly owned forest concession for Bahia Pulp in Brazil. 

With such widespread global investment and business projects, it is no wonder that Sukanto Tanoto earned a name in Forbes as one of the richest and most successful businessmen in the world.

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