Sinar Mas’ Asia Pulp & Paper denies ‘secretly owning independent suppliers,’ says report

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Sinar Mas’ Asia Pulp & Paper denies ‘secretly owning independent suppliers,’ says report

June 07, 2018 - 15:50
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JAKARTA, June 7, 2018 (Local News) -One of the world’s biggest paper producers continues to deny that it secretly owns most of the companies supplying it with wood, despite mounting evidence to the contrary.

In the latest exposé of the corporate structure of Sinarmas, which is controlled by Indonesia’s billionaire Widjaja family, a coalition of NGOs last week mapped out the precise links between the conglomerate and its wood suppliers, first outed in broader terms last December by The Associated Press.

The NGO report — titled “Removing the Corporate Mask” — says dozens of individuals who “appear to be current or past employees” of Sinarmas and its Asia Pulp & Paper arm are also listed as directors, commissioners and shareholders of the supplier companies.

Mongabay - Paper giant denies secretly owning ‘independent’ suppliers

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