PT Formosa Ingredient Factory Tbk Stock

PT Formosa Ingredient Factory Tbk is an Indonesia-based company engaged in the production of tapioca pearl products, jelly topping, jams, brown sugar syrup, and waffle premix powder. The Company produces various products under the Boba King brand. It applies business segments based on the territory where products are sold, namely tapioca pearls, syrup, premium sauces, and jellies, divided into domestic and overseas markets. The products produced under the Boba King brand include tapioca pearls, topping jelly, premium sauce, syrup, premix powder, and BOOMBA! Popping Boba. The Company distributes throughout Indonesia through restaurants, local coffee shops, international chain stores, modern markets, and retail. The Company also focuses on export markets in Asia, including Japan, the Philippines, Hong Kong, Malaysia, Vietnam, and South Korea. The Company's subsidiary, PT Nutri Boga Sukses, is engaged in the trading business.