Indonesia is well
known for its pulp industry, and palm oil magnate Sukanto Tanoto is also famous for his global reach of pulp business
and investment. His pulp industry has reached not only various areas in
Indonesia, but also to other countries. His newest investment was in Brazil,
where he acquired stocks from forest concession holder companies for Bahia
Pulp, which made him spending around $400 million of investment fund.
Being afraid of investing
is definitely not Sukanto Tanoto’s definition of successful business, and he
has proved it through his various pulp investments and businesses.
Global King of Pulp from Indonesia
Sukanto Tanoto has
Toba Pulp Lestari and RAPP, two pulp factories in North Sumatra and Riau, and
both produce more than 4 millions of ton per year. The companies currently have
more than 20,000 partner companies, spread in various areas in Indonesia.
However, Sukanto Tanoto does not stop to building pulp kingdom in Indonesia. He
continued to expand his business even to other countries, in amazing results
and huge amounts of investment value.
For example, Sukanto
Tanoto has now made Singapore as his center of business operation, with Asia
Pacific Resources International Holding Ltd. This company has even made a name
at New York Stock Exchange, and became center of pulp business in Singapore.
Meanwhile, he has also acquired a large pulp factory in Malaysia since 1997, as
well as two more in China. In these projects, he even worked together with UPM
Kymmene, a Finland based pulp factory. In Philippine, he also has a company
called National Development Corporation Guthrie. Clearly, he has made quite a
name in Asia and Europe market.
Sukanto Tanoto’s
global business expansion showed his resilience, innovation and courage to
develop and expand his business, which was started from a family based car
accessories and contractor business.
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