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Article: APAC GROUP DEVELOPING INTEGRATED TEXTILE INDUSTRY
- Article from:
- Indonesian Commercial Newsletter
- Article date:
- February 16, 1998
CopyrightCOPYRIGHT 1998 P.T. Data Consult, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The success of the company group is attributable to the big names of its shareholders, Bambang Trihatmodjo, a son of President Suharto and owner of the Bimantara Group, Johannes Kotjo, a crafty businessman who owns the Zeta Group, Bambang Riady Soegomo, a son of a former powerful government official and owner of the Kresna Group, and unheralded businessman Wisnu Suhardono. The group has demonstrated spectacular business maneuvers. In one year they succeeded in putting one of their companies PT APAC Centertex Corporation (ACC) in the ranks of Indonesia's largest companies with an asset of more than Rp 1 trillion.
The development of ACC began when PT Zeta Inti Corp., ...