Gudang Garam Tbk.

Brief of Company Background

The company began as a small entrepreneurial venture established in 1971 at Kudus, East Java. The companys products consist of three types, namely, cigarettes rolled in corn husk paper under three brand names, hand-rolled cigarettes under nine brand names, and machine-rolled cigarettes under six brand names, four of which are considered premium brands, namely Gudang Garam International, Surya 16, 10 packs Gudang Garam Merah, and the 12 packs Gudang Garam Merah. The company has installed a capacity of 105 billion cigarettes per year, includes 90 billion cigarettes machine rolled and 15 billion cigarette manufacture by hand using and enjoys a 49% market share for clove flavored cigarettes in Indonesia in 1997. In 1998 its market share decline to 39%. Its main distribution channels are 3 major distributors, namely, PT Surya Bhakti Utama, PT Surya Kerta Bhakti, and Surya Jaya Bhakti. In 1993 the company received a US$ 60 million syndicated loan from Singapore Banks, in order to increase its production capacity. Now capacity production has risen from 2,500 sticks to 12,000 sticks per minute. In 1994 exports reached 3.3 billion sticks, some 4% of it‘s total sales. In 1994 the company increased its stake in PT Surya Pamenang, a packaging manufacturer,

Shareholder List

Management