Sido Muncul

Technopedia Center

Faculty of Engineering and Computer Science
S1 Informatics S1 Information Systems S1 Information Technology S1 Computer Engineering S1 Electrical Engineering S1 Civil Engineering

faculty of Economics and Business
S1 Management S1 Accountancy

Faculty of Letters and Educational Sciences
S1 English literature S1 English language education S1 Mathematics education S1 Sports Education

Sido Muncul

From Wikipedia, the free encyclopedia

PT Industri Jamu dan Farmasi Sido Muncul Tbk

Company type	Public
Traded as	IDX: SIDO
Industry	Herbs Pharmaceuticals Consumer goods
Founded	1940; 84 years ago (1940) Soerakarta, Central Java, Dutch East Indies
Founder	Rakhmat Sulistio
Headquarters	Semarang, Central Java, Indonesia
Area served	Worldwide
Key people	David Hidayat (CEO)
Products	Herbal medicine, pharmaceuticals, weight management, dietary supplements, personal care, sports nutrition
Revenue	Rp 3.3 trillion (2020)
Net income	Rp 934 billion (2020)
Total assets	Rp 3.8 trillion (2020)
Total equity	Rp 3.2 trillion (2020)
Owner	Hotel Candi Baru
Number of employees	4,088 (2019)
Subsidiaries	Muncul Mekar Semarang Herbal Indo Plant Berlico Mulia Farma Sido Muncul Pupuk Nusantara
Website	www.sidomuncul.co.id

PT Industri Jamu dan Farmasi Sido Muncul Tbk, commonly known as Sido Muncul, is an Indonesian herbal medicine and food products company based in Semarang, Indonesia, established in 1940. It produces and markets a variety of consumer products related to herbal medication, such as the jamu Tolak Angin.

History

[edit]

The company was founded in 1940 as a home business in Surakarta. Its founder, Rakhmat Sulistio, had formulated a recipe for a jamu, which she called "Tujuh Angin" (Seven Winds), later known as Tolak Angin. Due to the Indonesian National Revolution, she moved to Semarang, where in 1951 she established production for the jamu in a house and later in a factory by 1953. It was in 1951 when the name "Sido Muncul" was adopted, and the product changed from liquid to powdered jamu. The firm was registered as a CV in 1970, and as a limited liability company (PT) in 1975.^[1]^[2]^[3]

In 1992, its primary product Tolak Angin began to be sold in sachets as a liquid, its current form.^[4] Sido Muncul launched a secondary line of energy drink products under the Kuku Bima Ener-G [id] brand in 2004, at a time when the company was undergoing financial difficulties.^[5] Other lines of products outside of Tolak Angin were later launched, including candies, health drinks, and instant coffee.^[6] The company went public through an initial public offering at the Indonesian Stock Exchange on 18 December 2013,^[7] becoming the first herbal medicine company to list there.^[8] Six months after the IPO, the original founder's family held 81 percent of the company's shares.^[9]

Sido Muncul acquired Yogyakarta-based PT Berlico Mulia Farma, a pharmaceutical company which manufactured cough syrup, indigestion pills, and vitamins, in mid-2014, for Rp 125 billion.^[10] Sido Muncul's brands were then given to Berlico's products.^[11]

References

[edit]

^ Hafiz, Muhammad Perkasa Al (28 February 2018). "Sejarah Sido Muncul, Merek Jamu Indonesia Yang Mendunia". marketeers.com (in Indonesian). Retrieved 18 May 2020.
^ "Sido Muncul to acquire pharmaceutical company". The Jakarta Post. 20 May 2014. Retrieved 18 May 2020.
^ "Mengintip Syuting Sejarah Jamu Tolak Angin Sido Muncul di Yogya". detiknews (in Indonesian). 31 May 2017. Retrieved 18 May 2020.
^ Astutik, Yuni (20 February 2020). "Setelah Jamu Godok & Cair, Kini Tolak Angin Berbentuk Kapsul". CNBC Indonesia (in Indonesian). Retrieved 18 May 2020.
^ Andriati, Rias (18 March 2011). "Inovasi Rasa dan Iklan, Kunci Sukses Kuku Bima Energi". SWA (in Indonesian). Retrieved 18 May 2020.
^ "Sejarah Sido Muncul" (in Indonesian). Sido Muncul. Retrieved 18 May 2020.
^ "Sido Muncul Resmi Melantai, BEI Cetak Rekor IPO". KOMPAS.com (in Indonesian). 18 December 2013. Retrieved 18 May 2020.
^ "Indonesian herbal medicine maker Sido Muncul to buy pharmaceutical firm". Reuters. 19 May 2014. Retrieved 19 May 2020.
^ Bland, Ben (1 June 2014). "Appetite grows for Indonesia's herbal remedies". Financial Times. Retrieved 18 May 2020.
^ "SIDO akuisisi Berlico Mulia Rp 125 miliar". Kontan (in Indonesian). 4 September 2014. Retrieved 19 May 2020.
^ "Perkuat Bisnisnya Sido Muncul Akusisi Berlico Mulia Farma". Tribunnews.com (in Indonesian). 5 September 2014. Retrieved 19 May 2020.

External links

[edit]

Official website

Retrieved from "https://en.wikipedia.org/w/index.php?title=Sido_Muncul&oldid=1247176108"

Categories:

Hidden categories: