PT Budi Acid Jaya Tbk ( the Company ) is one of the company under Sungai Budi Group ( SBG ). SBG was established in Lampung in 1947, just in few years after the Indonesian’s independency. Nowadays SBG grew into one of the largest business group within the agribusiness sector in Indonesia.
The first business of SBG was trading for coffee, black pepper, cassava chips and other agriculture commodities. Under the leadership of Mr. Widarto, as Chairman and Mr. Santoso Winata, as Deputy Chairman, SBG has been rapidly grown and performing its diversification outside Lampung’s area especially in Java island as well as in other big cities in Indonesia. Nowadays, SBG is the main producer of tapioca starch as well as rice flour, and one of the main player in the palm oil industry and its derivative products as well as series of products used as raw materials for food, paper, confectionery, chemicals and other industries.
The Company was established in 1979. In its early years, the Company had 1 (one) citric acid factory only. In line with the growth of SBG and in accordance with SBG’s plan to conduct Initial Public Off ering over the Company’s shares, then in order to increase its value added, the Company was reorganized into a producer of cassava-based products with its main products in forms of tapioca starch and citric acid.
After passing through an extensive planning, in 1995 the Company conducted Initial Public Offering over its shares. And as of the time, all SBG’s business expansion related with cassava always managed by the Company. As a result, nowadays the Company and its subsidiaries owned the following production facilities:
13 Tapioca starch factories
3 Citric acid factories
1 Sulphuric Acid factory
3 Plastic bag factories
1 Glucose factory
1 Glucose, fructose and malthodextrine factory
1 Glucose and sorbitol factory
2 Modified Tapioca Starch factories
1 MSG ( monosodium glutamate ) factory
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