Sukanto Tanoto, worldwide renowned philanthropist, entrepreneur and Chairman and founder of the RGE Group of corporations, has recently presented the main operations of the RGE business ventures at the Wharton Global Modular Course in Singapore.
Outlining the RGE’s main business and production initiatives, Mr. Tanoto talked about how all of the RGE’s operations are geared toward improving people’s daily lives and creating a better community, both at a local and global level.
Worldwide Markets and Operations
From the very start of his lecture, Mr. Tanoto talked about the importance of a steadily growing business, especially for those working in the palm tree and palm oil industries. While he had started in the natural gas and oil industries, the difficult times marked by the oil crisis in the 1970s have sparked his newfound interest in growing trees for the purpose of production – a venture that, while slow, managed to produce remarkable yields even in the first 5-7 years.
Ever since it was founded, the RGE Group has expanded its operations well beyond South Asia. While their initiatives in Indonesia and Malaysia are of vital importance, the RGE also works closely together with China, Brazil and more recently, Canada.
The business has also expanded by selling its assets throughout the world, including the USA, a large part of Europe and Asia and about a dozen countries on the African continent.
Palm Oil, Pulp and Paper
Focusing on the production of materials such as plywood, pulp and dissolving wood pulp, the main members of the RGE soon became extremely successful, even managing to boost entire industries managing the production of furniture, printing and writing paper, fabrics and textiles and more.
The RGE’s approach of producing vital materials that are to be used in day-to-day life has become even more apparent with the launching of its palm oil business. Producing high quality palm oil, RGE members have begun selling and exporting their assets to aid the development of refined cooking oil, biodiesel fuels, oleochemicals (soap and detergent) and energy production through waste-to-energy initiatives.
In less than 50 years, Sukanto Tanoto has managed to revolutionize industrial growth in South Asia through his remarkable insight and community oriented business philosophy.