History about Korindo Group, Good Corporate in Indonesia

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korindo group, good corporate governence

Korindo Group (Korindo), which was established in 1969, is today one of the top businesses in a number of sectors in the Southeast Asian market. We consistently maintained sustainable and forward-looking methods for more than 50 years of business. Additionally, we have significantly aided in the economic growth of the nation.

Korindo initially prioritized hardwood growth, but in 1979 that attention shifted to plywood and veneer. After five years, Korindo diversified into the newsprint industry before moving on to wood plantations in 1993. Finally, in 1995, a new business line in oil palm farms was developed.

We currently operate in 16 different business sectors, such as forestry and rubber plantations. The manufacture of pulp, wood, wind turbines, industries, and steel constructions are more examples. Additionally, we produce specialized vehicles for distribution, stocks, multi-finance, insurance, property investment, and leisure fields.

Korindo aims to influence various facets of the country’s existence through this business line’s goods and services. We can collaborate with business players by using our real estate, rest area, and logistical services. The Korindo business unit, on the other hand, offers insurance and multifinance solutions to the Indonesian populace.

Additionally, we export a range of high-value natural goods, including oil palm farms. Korindo can now donate foreign currency to aid in the development and growth of Indonesia’s economy.

Korindo for the Development of Indonesian Peoples

Tens of thousands of employees support Korindo’s business operations, which cover a wide range of industries. A foundation entity that does social activities is also available to us. Without counting contractors, this activity has employed 25,000 direct workers and another 20,000 indirect workers.

. Korindo used the slogan “Green Tomorrow” at the outset as a directive for operating an eco-friendly company. The company’s motto was modified to “One Step Ahead.” as it approaches its 50th anniversary in 2019. This action marks the start of a positive transformation.

To generate value for stakeholders and create a more superior and competitive organization, significant adjustments are being made. On the other side, we anticipate that this move will benefit all PT Korindo Group businesses through improved occupational safety and health and environmentally friendly business management.

We are committed to become an Indonesian national corporation and have high expectations to do so. not only to contribute to Indonesia’s development but also to raise standards of living in a number of areas.

As a result, Korindo Papua always incorporates both commercial and non-commercial contributions. This effort is carried out by practicing sustainable social responsibility in the areas of infrastructure, economy, health, and education.

In Indonesia, Korindo is constantly present.

Korindo Group feels it is their duty to lend a hand to those in need. As a corporation that has been a part of Indonesia for more than 50 years, we uphold this commitment.

People who live in disaster-prone locations are another focus of our concern. The organization has recently provided a variety of aids, including:

Donations to Kobar Villages Affected by Floods

10 flood-affected villages in West Kotawaringin, North Arut, and Central Kalimantan received aid from Korindo in 2017. The overall amount of food and pharmaceutical assistance was close to IDR 100 million.

Additionally, we organize medical personnel and deliver free healthcare straight to people’ houses. Together with the West Kotawaringin Health Office, this was done.

Help with the Lombok Earthquake

A 7 on the Richter Scale (SR) earthquake struck West Nusa Tenggara’s Lombok region in 2018. When the time came, Korindo teamed up with ACT to give relief right away. Affected citizens received donations in the shape of 58 substantial boxes filled with basic supplies and logistical necessities.

Donation of plywood to Palu and Donggala

Another calamity struck Indonesia in 2018 when a tsunami and earthquake both struck the Central Sulawesi regions of Palu and Donggala. Through the PMI Headquarters, Korindo distributed Rp 7 billion for plywood raw materials (plywood).

Additionally, plywood is utilized to construct public buildings and furniture for homes. Data from PMI show that at least 8,500 people in five locations of Central Sulawesi have benefited from this support.

Donations for The Tsunami in Banten

The Banten region, which was affected by the tsunami at the end of 2018, was Korindo’s immediate destination. Locals received assistance in the form of basic essentials including instant noodles, mineral water, school supplies like shoes and backpacks for kids as well as school uniforms. Sumberjaya Community, Sumur, and Pandeglang, a village that sustained significant damage, were the main targets of assistance.

Korindo also helped put out the fire in Mappi, PapuaAsgon ,’s neighborhood in February 2019.

700 residents were made homeless as a result of the fire. Korindo provided Rp 100 million in cash, which was promptly accepted by Mappi Regent to aid in the recovery operations.

Donations for Halmahera and Sentani

For the Sentani neighborhood in Jayapura, which was impacted by the March 16, 2019, flash floods, financial aid was once more given. 122 persons died in this calamity, which also damaged 5,347 dwellings. At the Jayapura Regent’s office, which served as the focal point for the flood crisis, aid was distributed in the form of cash worth IDR 200 million.

A 7.2-magnitude earthquake struck North Maluku’s Halmahera that same year. Korindo will start supplying the locals with at least 256 tons of clean water right away. The aid was given in accordance with a report by the National Disaster Management Agency (BNPB), which noted that the victims’ most pressing need was access to potable water.

The above-mentioned aid is an example of how the company has contributed to reviving the optimism and hope of those going through a difficult moment. Korindo is aware that none of this is worth the suffering and loss experienced by the locals. We do, however, hope that this donation will help to lessen their load a little.