Indofood Sukses Makmur Tbk PT ADR (PIFMY)

Indofood Sukses Makmur Tbk PT is represented in U.S. trading through an ADR listed on OTC Markets under the symbol PIFMY. The depositary receipt is tied to the common stock of PT Indofood Sukses Makmur Tbk, an Indonesian food solutions company with operations across Indonesia, the rest of Asia, Africa, and other international markets. The underlying business is organized into four segments: Consumer Branded Products, Bogasari, Agribusiness, and Distribution. Its activities include the production of noodles, dairy products, snack foods, seasonings, nutrition and special foods, beverages, wheat flour, pasta, and flexible and corrugated packaging, as well as agribusiness operations such as seed breeding, oil palm cultivation and milling, and the manufacture of cooking oils, margarine, and shortening. The company also produces and distributes consumer products and other agricultural crops. Incorporated in 1990 and headquartered in Jakarta, Indonesia, it was formerly known as PT Panganjaya Intikusuma and adopted its current name in 1994. It is a subsidiary of First Pacific Investment Management Limited.

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