Royal Golden Eagle

Royal Golden Eagle International (RGE, previously Raja Garuda Mas) is one of the leading integrated, resource-based industrial groups in Asia Pacific, with businesses in paper, palm oil, construction and energy. Owned by Indonesian businessman Sukanto Tanoto, the group employs 50,000 people worldwide with assets exceeding US$15 billion. Tanoto, with a net worth of US$2.3 billion (November 2013), is one of Indonesia’s richest individuals.

Sukanto Tanoto founded his first business in 1967 supplying spare parts to the oil and construction industries in Indonesia, before winning contracts in building gas pipelines for multinationals in 1972. His business grew considerably following the 1973 oil crisis when he open his own plywood mill in Indonesia. He diversified into palm oil in 1979. Since 1985, Tanoto’s companies have planted 30,000 acres of palm oil plantation each year, with plantations spread over three provinces in Sumatra with a total land area of 160,000 hectares. He listed the public pulp and paper business Asia Pacific Resources International Holdings (APRIL) on the New York Stock Exchange in 1995, delisting it in 2001. The company moved its base to Singapore in 1997 in order to mitigate the effects of a global travel ban that had been placed upon Indonesia at the time. In 2011 APRIL became a founding member of the Indonesia Business Council for Sustainable Development.

From its base in Singapore, the company conducts activities across four business sectors: pulp and paper; agro industry; dissolving wood pulp and viscose staple fibre; and energy resource development.

Located in the Riau province of Indonesia, APRIL operates one of the world’s largest pulp and paper mills. With an annual pulp production capacity of 2.8 million tons and an annual fine paper production capacity of 820,000 tons, it generates employment opportunities for 90,000 local people and represents 6.9% of Riau Province’s economic output (2009).

Established in Shandong and Guangdong, China in 2005, Asia Symbol has an annual production capacity of 1.5 million tons of pulp, 450,000 tons of fine paper and 520,000 tons of paper board. Its Shandong plant operates the world’s largest single pulp production line, with state-of-the-art manufacturing technology and environment protection practices.

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