'I Only Want To Produce Products That Are Delicious For My Own Family To Consume', Conglomerate Bambang Sutantio's Vision To Establish Cimory

The founder of Cimory, conglomerate Bambang Sutantio. (Photo: Doc. Cimory)

JAKARTA - PT Cisarua Mountain Dairy or known as Cimory is preparing to take the floor on the Indonesia Stock Exchange (IDX) through the Initial Public Offering (IPO) scheme. This milk producer, owned by conglomerate Bambang Sutantio, has announced an offer price of IDR 3,080 in this action and has the potential to earn IDR 3.66 trillion.

In a prospectus published in a national daily, this premium milk producer will be listed under the stock code CMRY. They released 1,190,203,000 (rounded up by 1.19 billion) shares with a nominal value of Rp. 10, which represents 15 percent of the company's paid-in and issued capital after the IPO.

"The offering price offered in the initial public offering is IDR 3,080 per share," Cimory's management wrote, quoted Monday, November 29.

Going to the stock exchange is one of the dreams of the founder, conglomerate Bambang Sutantio. He once stated that on the official cimory.com page.

"Becoming a public company, producing and distributing protein-based foods and beverages for all Indonesian people," Bambang wrote, quoted by VOI, Tuesday, November 30.

Bambang Sutantio's big dream is in line with the development of Cimory into a product that is known to almost all levels of society. Yogurt and packaged milk of various flavors from Cimory can easily be found in the market.

However, Bambang's journey to raise Cimory took a long time. He started the fresh milk and yogurt business since 1992 or almost 30 years ago.

Initially, the two products were sold by Bambang in the garage of a family-owned house and restaurant in Puncak, Bogor. From there, everyone visited Puncak, drank Cimory milk.

With a small capital and attracting local dairy farmers, the business of fresh milk and yogurt began to be known to the public to build a large factory today. Not wanting to just focus on fresh milk and yogurt products, Bambang also challenged his son, Alex Sutantio, to make other product innovations, and Chocomory was born.

Photo: Doc. Cimory

It also offers processed meat and egg products. The company holds a number of brands such as Cimory, Kanzler, and Besto. In addition to selling its products in its own outlets, Cimory products are also sold in various modern chain stores and traditional retail stores.

"I just want to produce food and beverage products that I think are delicious for my own family to consume," said Bambang in his vision, which was written on the official Cimory website.

With a variety of products made from fresh milk, Cimory's business has skyrocketed. Bambang also opened outlets in a number of cities such as Pasuruan in East Java and Bawen in Central Java.

Bambang has not only succeeded in producing Cimory factories and outlets, but also has a tourist attraction that the public can visit for education as well as recreation since 2006.