FKS Group continues to thrive thanks to CEO Chandy Kusuma’s decision to combine its traditional values with modern systems.
Having joined the family business straight after graduating from university, Chandy Kusuma sought to bring FKS Group to modernity. “It was a very traditional company 11 years ago,” the now-CEO remembers. “But I convinced the family to professionalise and corporatise the Group. I look at management differently, so now more professionals are running the company instead of family members.”
FKS Group handles food, property and energy-related operations throughout Indonesia. It is involved in all stages of the supply chain, from sourcing and manufacturing to logistics and trading. Chandy started work at FKS in 2010, becoming head of its trading subsidiary, Enerfo, before being signed on as CEO of the whole Group in 2016.
The Group’s foremost division is food and agribusiness. Through its flagship company, FKS Multi Agro, it supplies a range of grains, seeds and beans. Further, FKS is considered one of the largest importers and distributors of soybeans in Indonesia. The Group’s Tene business produces refined sugar, while its Bungasari Flour Mills is operated through a joint venture with wheat flour company Malayan Flour Mills and Toyota Tsusho.
FKS Group’s energy division owns and operates coal assets, as well as oil and gas. This includes the Katingan Ria coal project in Central Kalimantan – a joint venture with Australia’s Realm Resources – and the Tapin Coal Terminal for coal transportation. It also has oil exploration and production company, Prakarsa Betung Meruo Senami Jambi, which produces around 1,000 barrels of oil a day.
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