INDONESIA, 8 August 2024 – PT Cisarua Mountain Dairy Tbk (Cimory) has been presented with the prestigious 2024 Indonesia’s Best Managed Companies award for its industry-leading performance, excellent business practices and sustained growth.     

Aimed to inspire, celebrate, and build a community of private businesses that create a positive impact in their industries and communities, the Best Managed Companies awards evaluate businesses based on four core pillars of strategy, culture and commitment, capabilities and innovation, as well as governance and financials.

President Director of Cimory, Farell Sutantio, said: “We are honored to be recognized as one of Indonesia's Best Managed Companies for 2024 by Deloitte. This prestigious award reflects the dedication and hard work of all Cimory employees in overcoming challenges. Aligned with our vision of sustainable growth and leadership in Indonesia's premium food and beverage sector, we remain committed to continuous innovation in nutrition. Our goal is to launch high-quality protein-based products, create a lasting social impact, and deliver added value to our shareholders and stakeholders.”

Indonesia’s Best Managed Companies awards program is one of the country’s leading business programs which recognise innovative and world-class private businesses. Every year, aspirational companies compete for this designation through a rigorous and independent evaluation process, benchmarked against a global standard framework applied across more than 1,300 Best Managed Companies in 46 countries worldwide.

Cimory’s journey began as a small enterprise with just one employee, driven by a mission to provide nutritious consumer food while supporting local dairy farmers in Cisarua, West Java. With a steadfast commitment to growth and innovation, Cimory has established partnerships with more than 10,000 local farmers and has engaged with over 5,000 Miss Cimory agents, empowering them in the business process. After successfully become a public listed company in Indonesia Stock Exchange, Cimory has gained recognition not only for the Company’s financial performance but also for its strong commitment to environmental, social, and governance (ESG) principles.

CHUA How Kiat, Best Managed Companies Leader, Deloitte Southeast Asia, said: “The winners of Indonesia’s Best Managed Companies awards stand out for their innovation, purpose-driven value creation, industry leadership, commitment to sustainability, active talent engagement and customer-centric mindset. Having witnessed the evolution of the winners through the awards process, particularly for those who have participated over recent years, it is remarkable to see how they have raised the bar for success among private businesses in Indonesia.”

Best Managed Companies is a flagship program presented by Deloitte Private, a division of Deloitte exclusively focused on serving private clients of all sizes.

About Cimory

PT Cisarua Mountain Dairy Tbk (“Cimory”) is a leading producer of premium dairy products and premium consumer food in Indonesia. Founded in 1992, Cimory has a reputation for product innovation. The Company's premium dairy product portfolio includes yogurt and milk products, which are marketed under the “Cimory” brand. The premium consumer food product portfolio includes a wide selection of ready-to-cook and ready-to-eat sausages and chicken nuggets marketed under the “Kanzler” brand.

On December 6, 2021, Cimory was officially listed as an issuer on the Main Board of the Indonesian Stock Exchange with the stock code CMRY and succeeded in obtaining IPO funds of IDR 3.66 trillion. Aligned with its vision to grow sustainably, Cimory continues to innovate in producing nutritious and quality products. the Company is committed to creating a broader social impact and taking responsibility for the environmental footprint of the Company’s operations. For more information on Cimory, please visit the website: www.cimory.com.

Contact Details

Dinar Primasari
Corporate Secretary Manager
PT Cisarua Mountain Dairy Tbk
+62 21 5874630
corsec@cimory.com
www.cimory.com

About Best Managed Companies Program

Best Managed Companies is a global awards program recognising privately held companies for their organisational success and entrepreneurial spirit. This program provides a distinct framework for management teams to challenge themselves and benchmark against some of the best private companies in the world.

Each year, an independent judging panel plays a crucial role in identifying companies that demonstrate exceptional management practices through the program’s trademark four pillar approach and admitting them as recipients for the Best Managed designation.

The Best Managed Companies program was established in Canada in 1993. It has since expanded to 46 countries across Asia Pacific, the Americas, Europe and Middle East, and is launching across Africa. There is a global network of over 1,300 outstanding companies, and these companies come together as a community to build alliances and share insights.

For more information on the awards program, visit the Indonesia’s Best Managed Companies website.