PT Gudang Garam Tbk is an Indonesian company engaged in the manufacturing of cigarettes. The company is a leading manufacturer of kretek cigarettes (these clove-type of cigarettes are a trademark of Indonesia). It produces a wide range of kretek cigarettes including low-tar, low-nicotine variants and traditional hand-rolled kretek, which are distributed domestically and worldwide.
|Industry Sector||Consumer Goods Industry|
|Industry Sub Sector||Tobacco Manufacturers|
|Established||26 June 1958|
|Listed||27 August 1990|
|Listed company code||GGRM|
|Major Shareholders (>5%)||Suryaduta Investama (69.29%)
Suryamitra Kusuma (6.26%)
|Key Subsidiaries||Surya Pamenang
Stock Quote Gudang Garam - GGRM:
Gudang Garam has established primary and secondary kretek manufacturing operations at two main sites. Kediri, home to the company headquarters, and Gempol. Both sites are located on Java, Indonesia's most populous island.
Gudang Garam operates an in-house printing facility and has three active subsidiaries: Surya Pamenang, producing paper board used for the manufacturing of Gudang Garam packaging, Surya Madistrindo, sole distributor of the company’s products, and Surya Air which provides non-scheduled air transport services.
In 2012, 84 percent of Gudang Garam's cigarettes production was machine-made, while the remaining 16 percent was hand-rolled kretek.
Read more: Analysis of Indonesia's cigarette Industry
At end 2013, the company had a market share of about 20.6 percent of the domestic cigarette market. Due to the high number of smokers in Indonesia, Gudang Garam - as well as other companies in Indonesia's cigarette industry - is a major source of revenue for the Indonesian government in terms of excise duties and corporate income tax. Gudang Garam is one of the companies with the largest market capitalization listed on the Indonesia Stock Exchange (IDX).
Gudang Garam's Financial Highlights:
| - Domestic Net
| - Export Net
in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
Source: Gudang Garam, Annual Report 2015
Stock Performance Gudang Garam (GGRM) versus Benchmark Jakarta Composite Index (JKSE):*
* normalized stocks, 1 January 2016 = 100
Jalan Semampir II/1
Kediri - 64121
Phone: +62 354 682 091
Fax: +62 354 681 555
Jakarta Representative Office
Jalan Jenderal A. Yani No. 79
Jakarta - 10510
Phone: +62 21 420 2460