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Home › Companies
Sinar MasIndonesia
Sectors: agriculture - palm oil, forestry - pulp and paper
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On record

This profile is no longer actively maintained, with the information now possibly out of date

Send feedback on this profile
Download as PDF
By: BankTrack & Mandy Haggith – Environmental Paper Network
Created before Nov 2016
Last update: 2016-09-22 10:46:20

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About Sinar Mas

Sinar Mas Group is one of the largest conglomerates in Indonesia. Its main activities are in the  Palm Oil and Pulp and Paper sectors, operating as well in Real Estate, Financial Services, Agribusiness, Telecommunications and Mining. The company was founded in 1962 by the Chinese Indonesian tycoon, Eka Tjipta Widjaja.

Headquarters
Sinar Mas Land Plaza, Tower 2, 33/F, Jalan M.H. Thamrin 51
10350 Jakarta Pusat
Indonesia
CEO/chair Eka Tjipta Widjaja
Founder and Chairman
Website http://www.sinarmas.com/en/
Ownership

The company is owned by Eka Tjipta Widjaja.

Subsidiaries
Asia Pulp and Paper – Indonesia (profile)
Golden Agri – Singapore (profile)
PT Sinar Kencana Inti Perkasa – Indonesia
PT Smart – Indonesia

Headquarters location

Issues

Environmental issues

Its subsidiaries APP, Golden Agri and PT SMART have been accused of involvement in large scale deforestation.

Human rights

Its subsidiaries APP, Golden Agri and PT SMART have been accused of involvement in several conflicts with local communities. PT Sinar Kencana Inti Perkasa, which started operating in West Papua in 1994, has been in conflict with the Kaureh-Yapsi people over landgrabbing issues ever since.

Other issues

In December 2009, Unilever ended its contracts with Sinar Mas, after the release of the Greenpeace reports Burning up Borneo and Illegal Forest Clearance and RSPO Greenwash. Others, like Mars, Nestlé and Burger King followed soon.

In 2010, after the publication of the report Pulping the Planet, other large multinational groups like Carrefour, Gucci, H&M, Hugo Boss, Volkswagen, Fuji Xerox, Ricoh, Sainsbury’s, Marks & Spencer and Tesco also ended their contracts with Sinar Mas. In 2011 HSBC and BNP Paribas divested from Sinar Mas, after pressure from Greenpeace.

In 2014, Sinar Mas was accused of defrauding the Indonesian government of USD15 million by avoiding reforestation taxes on 2,000 hectares in Jambi province.

 

Governance

Updates

Sinar Mas prepares to launch pulp mill this year

2016-03-02 00:00:00

Sinar Mas is set to commence the operation of one of the world'€™s largest pulp mills. The new pulp and paper mill will occupy 1,700 hectares of land in a downtown area of Ogan Komering Ilir (OKI). The mill is set for operation in October 2016 to produce two million tons of pulp each year (source: The Jakarta Post).

Financiers

banks

Bank Permata
banks
Debt – corporate loan
PT KDA seems to have developed its plantation in Jambi with credit from Bank Permata
source: link
Credit Suisse Group Switzerland profile
banks
IPO underwriter
June 2009
for its palm oil segment
source: link
UBS Switzerland profile
banks
IPO underwriter
June 2009
for its palm oil segment
source: link

See the finance tabs of its subsidiaries APP and Golden Agri for more information.

Related projects

Projects

There are no projects active for Sinar Mas now.
On record

OKI Pulp & Paper Mills Indonesia

forestry - pulp and paper

News

| |
Type:
Year:
blog
external news
our news

Swiss banks bankrolling illegal deforestation in Africa and East Asia

2017-03-24 | Illegal Deforestation Monitor
blog
external news
our news

As accusations fly, paper giant appears to stand by its replanting of burned peat in Sumatra

A tug-of-war over Indonesia’s peatland policy?
2016-12-22 | Mongabay
blog
external news
our news

Google Earth images demonstrate true extend of burned in pulp giant's concessions

2016-10-19 | Jakarta | Foresthints.news
blog
external news
our news

Asia Pulp & Paper denial shown to be false

2016-09-01 | Foresthints.news
blog
external news
our news

Another Indonesian court convicts a company of causing fires

2016-08-30 | Mongabay
blog
external news
our news

Sinarmas Forestry company found guilty of unlawful conduct by High Court over peat fires

2016-08-29 | Foresthints.news
blog
external news
our news

Sinar Mas prepares to launch pulp mill this year

2016-03-02 | The Jakarta Post
blog
external news
our news

Sinar Mas says it is 'victimized' in recent forest fires

2016-03-01 | The Jakarta Post
blog
external news
our news

Pupuk Indonesia Needs $534m for Merauke Food Estate

2015-05-18 | Jakarta Globe
blog
external news
our news

Banks raising $400m for palm oil expansion 'must examine high risks'

2015-04-20 | The Ecologist
blog
external news
our news

Banks cautioned to examine high risks in palm oil finance

2015-04-16 | FoE US
blog
external news
our news

Briefing to banks and potential investors on the ongoing risks and outstanding social conflicts in the palm oil agribusiness sector: Golden Agri-Resources (GAR) bond offering

Joint NGO statement
2015-04-15 | Nijmegen
blog
external news
our news

Indonesia's Sinarmas says targets coal miner to support power business

2015-04-15 | Reuters
blog
external news
our news

70% Perusahaan Sawit Di Sulteng Beroperasi Ilegal - 70% of palm oil companies operate illegally in Central Sulawesi

2015-03-23 | industri.bisnis
blog
external news
our news

Forest Peoples Programme complaint against Golden Agri Resources upheld

2015-03-09 | Forest Peoples Programme
blog
external news
our news

Sinar Mas Group Earmarks USD4.3 billion for Investment

2015-01-07 | The Jakarta Globe
blog
external news
our news

Golden Agri Resources - A Progress Report

2014-12-22 | Greenpeace
blog
external news
our news

Tjiwi Kimia to Place July Stake Sale Proceeds in Oki Stock Fund

2014-06-27 | The Jakarta Globe
blog
external news
our news

Indonesia blames eight firms for fires affecting region

2014-06-21 | Reuters
blog
external news
our news

WALHI Jambi: Forestry giant allegedly evaded $15m in taxes

2014-01-16 | Mongabay
blog
external news
our news

Conflict or Consent? The oil palm sector at a crossroads

2013-11-07 | Forest Peoples Programme
blog
external news
our news

Singapore officials consider legal action against forest fire companies over the heaviest smog to ever cover the city

2013-06-22 | The Independent
blog
external news
our news

Sinarmas Resmi Bangun PLTU IPP Sumsel-5 Kapasitas 2 x 150 MW

2013-05-23 | Warta Ekonomi
blog
external news
our news

Sinar Mas firm to invest $1.6 billion in Liberian palm oil

2013-03-26 | The Jakarta Post
blog
external news
our news

Communities in conflict with Sinar Mas Subsidiaries met the top Officials of Golden AgriResources

2012-11-01 | Sawit Watch
blog
external news
our news

Sinar Mas, Tanjung Enim Lestari Eye Pulp, Paper Plants on South Sumatra

2012-09-04 | The Jakarta Globe
blog
external news
our news

HSBC pulls investment from Sinar Mas after Greenpeace protest

2010-07-08 | The Guardian

Documents

| | | | | | | | | | | |
Type:
Year:
ngo documents
2017-06-13 00:00:00

Japanese and Malaysian banks and investors continue to pump billions of dollars into forest-risk companies, without adequate environmental and social safeguards

2017-06-13 00:00:00 | RAN, TuK Indonesia & Profundo
company documents
2016-06-03 00:00:00

Sinar Mas overview

2016-06-03 00:00:00 | Sinar mas
ngo documents
2015-05-06 00:00:00

West Papua palm oil atlas

The companies behind the plantation explosion
2015-05-06 00:00:00 | Y.L. Franky and Selwyn Morgan
company documents
2015-04-16 00:00:00

Response to press release by NGOs issued on 15 April 2015

2015-04-16 00:00:00 | GAR
our publications
2015-04-15 00:00:00

Golden Agri-Resources (GAR) bond offering

Briefing to banks and potential investors on the ongoing risks and outstanding social conflicts in the palm oil agribusiness sector
2015-04-15 00:00:00 | Joint NGO statement
ngo documents
2015-02-16 00:00:00

Kuasa Taipan Kelapa sawit di Indonesia

in Bahasa Indonesia
2015-02-16 00:00:00 | TuK, Profundo
ngo documents
2015-02-16 00:00:00

Tycoon-controlled oil palm groups in Indonesia - Executive Summary

2015-02-16 00:00:00 | TuK, Profundo
ngo documents
2014-12-16 00:00:00

Golden Agri Resources - A progress report

2014-12-16 00:00:00 | Greenpeace
ngo documents
2013-11-01 00:00:00

Conflict or Consent? - Full report

The oil palm sector at a crossroads
2013-11-01 00:00:00 | FPP, Walhi, TuK and others
correspondence
2012-11-06 00:00:00

Letter

2012-11-06 00:00:00 |
ngo documents
2012-06-07 00:00:00

Asia Pulp & Paper (APP) default in its obligations with the export credit agencies

2012-06-07 00:00:00 | Greenpeace
ngo documents
2011-01-01 00:00:00

Le rôle d’UBS dans le financement du groupe Sinar Mas et la déforestation des forêts vierges indonésiennes

2011-01-01 00:00:00 | Profundo, Greenpeace
ngo documents
2010-07-01 00:00:00

How Sinar Mas is pulping the planet

2010-07-01 00:00:00 | Greenpeace
ngo documents
2009-03-20 00:00:00

ILLEGAL FOREST CLEARANCE AND RSPO GREENWASH: CASE STUDIES OF SINAR MAS

2009-03-20 00:00:00 | Greenpeace
ngo documents
2008-04-30 00:00:00

Burning up Borneo

How Unilever palm oil suppliers are Burning up Borneo
2008-04-30 00:00:00 | Greenpeace

Links

Global Forest Watch - Commodities

http://commodities.globalforestwatch.org/
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