From Local to Global

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The Asian financial crisis strikes

While consolidating operations, RGMI takes the opposite approach to prevailing advice and continues investing in Indonesia to lay the ground for future success

RGM becomes a regional business
RGM becomes a regional business

RGM International (RGMI) establishes administrative office in Singapore, marking the group’s move from being an Indonesian company to a regional business

APRIL is established

Asia Pacific Resources International Holdings Ltd (APRIL) is established to spearhead the company’s pulp and paper operations. Construction of an integrated pulp and paper mill begins at Kerinci, Riau

Indorayon is established
Indorayon is established

RGM enters the dissolving pulp sector through the establishment of Indorayon and the beginning of construction of a mill at Porsea in North Sumatra

The Tanoto family’s dedication to philanthropic efforts begin

Mr. Tanoto engages in philanthropy in various areas such as building schools

RGM develops its first oil palm plantation near Medan

This lays the foundation for palm oil group Asian Agri

Expanding palm oil operations
Expanding palm oil operations

Palm oil operations are expanded in line with the Indonesian Government’s agricultural development policy of encouraging the private sector to invest in large scale development of oil palm plantations

Forindo Pte Ltd is established

Its office is in Singapore, providing procurement and logistics services to support RGM operations

RGM is established (now known as RGE)
Royal Golden Eagle

RGM is founded by Mr Sukanto Tanoto. Initial business involves manufacturing plywood panels. This marks Indonesia’s transformation from a supplier of raw materials (logs) to a value-added processor

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