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Today's Headlines Nippon Indosari Corpindo
KKR & Co. L.P., the New York-based global investment company that is engaged in a wide variety of sectors including private equity, energy, infrastructure, real estate, credit, and hedge funds, acquired a 12.64 percent stake in Indonesia's largest producer of bread products, Nippon Indosari Corpindo, through KKR's Asian Fund III.
Nippon Indosari Corpindo, Indonesia's largest bread products manufacturer and the only one that is listed on the Indonesia Stock Exchange, continues to expand beyond borders. The company announced that it reached an agreement with Caffe Bene, a South Korea-based coffeehouse chain. Caffe Bene is South Korea's biggest coffeehouse chain and also owns hundreds of stores around the globe.
Nippon Indosari Corpindo, Indonesia’s largest bread products producer (and the only bread products manufacturer that is listed on the Indonesia Stock Exchange), established a joint venture - named Sarimonde Foods Corporation - with Philippine-based food producer and distributor Monde Nissin Corporation (MNC). For Nippon Indosari Corpindo, known for its Sari Roti brand, this is a chance to expand into the lucrative market of the Philippines, the second-largest market in the ASEAN region.
The launch of new bread products, the improvement of its distribution network, and an expected increase in people's purchasing power in Indonesia should be reasons for Nippon Indosari Corpindo to continue growing in the years ahead. The company is Indonesia’s largest producer of bread products (as it controls 90 percent of the country's mass bread production market) and it is the only bread producing company that is listed on the Indonesia Stock Exchange. Its Sari Roti line of bread products is a well-known brand in Indonesia.
PT Nippon Indosari Corpindo Tbk is Indonesia’s largest producer of bread products and its the country's only bread producing company that is listed on the Indonesia Stock Exchange (IDX). The company has shown robust growth in recent years due to the increased consumption of bread products by Indonesia's expanding middle class. Nippon Indosari controls a 90 percent market share in Indonesia's mass production of bread products. Its Sari Roti line of bread is a well-known brand in Indonesia.
Latest Columns Nippon Indosari Corpindo
Indonesia's largest bread products manufacturer Nippon Indosari Corpindo plans to construct two new factories in 2018, a move that should translate to rising sales in the future. Cherie Theosarata, Head of Investor Relations at Nippon Indosari Corpindo, said the company will start building the two new factories in Gresik (East Java) and Lampung (South Sumatra) in the first quarter of 2018.
Over the past couple of weeks shares of Indonesia's largest bread products producer Nippon Indosari Corpindo have been recovering modestly after a severe plunge that occurred between mid-May and early July this year. On Monday (11/09) shares of the company were up 0.40 percent to IDR 1,250 a piece. So far this year, however, its shares have slid nearly 22 percent.
Nippon Indosari Corpindo, Indonesia’s largest producer of bread products, is considered to have a great future supported by a growing market, business expansion and efficiency measures. Listed Nippon Indosari controls a 90 percent market share in Indonesia's mass production of bread products. Its Sari Roti brand has become one of the most well-known brands in Indonesia. Given that Indonesia's middle class continues to expand, while more and more Indonesian people start to consume bread products the company is well positioned to grow further.
