Budi Starch & Sweetener Tbk.

Brief of Company Background

Founded in 1979, the company has 12 (twelve) tapioca plants: 10 (ten) in Lampung, 1 (one) in Jambi and 1 (one) in Solo. It also has one sulfuric factory with a capacity of 60,000 ton, two citric acid factories with total capacity of 15,000 ton and three poly propylene woven bag with total capacity of 9,500 ton per year. Citric Acid is mostly used as food and drink preservative and flavoring, Sulfur Acid is used in the manufacture of Citric Acid, while Tapioca Flour is important to the food, paper and textile industries. Citric Acid sales contribute the largest proportion of sales revenues (54.2%), followed by Tapioca Flour at 39.2% The company is a member of the Sungai Budi Group. Citric acid is sold under the Gajah brand on the domestic market, and exported under the company’s name or the brand names of buyers. Sulfuric acid, however, is sold under the company’s own name. Cassava flour is sold under the Gudang Agung, Ikan Mas, Ikan Koki and Rose brands. The company has appointed PT Sungai Budi as sole distributor on the domestic market, and conducts its own exports. Most raw materials are obtained from domestic sources. The two subsidiaries owned by the company are PT Indo Bangun Prima (94.5% owned), an investment company, and PT Tunas Baru Lampung (8.4% owned), which operates crude palm oil plantation and cooking oil refinary. On April 1996, the company established a joint v

Shareholder List

Management