Gudang Garam

Tobacco

Gudang Garam produces 90B+ cigarettes annually, dominating Indonesian tobacco market despite global decline in smoking. The company's kretek (clove cigarette) products are culturally embedded, creating local moat against international competition. Gudang Garam's resistance to diversification - remaining purely tobacco-focused - represents conviction strategy: maximizing returns from core business rather than diluting with unfamiliar ventures.

Key Leaders at Gudang Garam

The Biology of Business

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