Olam International Net Worth is3.9 $Billion
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Company Name: Olam International Limited

Company Type: Public company /

Traded As: O32

Foundation: 1989

Location: Singapore

Key People: Sunny George Verghese - Group Managing Director and CEO

Industry: Food processing

Revenue: NPAT

Num Employees: 18,000 (2012)

Homepage: [http://www.olamonline.com/ www.olamonline.com]

Olam International Limited (SGX: o32) is a leading global integrated supply chain manager and processor of agricultural products and food ingredients, supplying various products across 16 platforms to over 12,300 customers worldwide.
Since its establishment in 1989, Olam has grown by taking advantage of adjacent opportunities in the agricultural complex and has evolved from a single-product, single-country company in 1989, to a multi-product, multi-national, integrated supply chain manager today.
The history and development can be categorised into the following distinct phases:
In 1989, the Kewalram Chanrai Group established Olam Nigeria Plc to set up a non-oil based export operation out of Nigeria to secure hard currency earnings to meet the foreign exchange requirements of the other Group Companies operating in Nigeria. The success of this operation resulted in Olam establishing an independent export operation and sourcing and exporting other agricultural products not related to the Group.
The Group's agribusiness was headquartered in London and operated under the name of Chanrai International Limited. The business began with the export of cashews from Nigeria and then expanded into exports of cotton, cocoa and sheanuts from Nigeria. This enabled Olam to develop its origination capabilities and expertise in the sourcing, processing and marketing of agricultural products. During this phase its business was a single-country, multiple-product operation.
By the start of 1993, Olam recognised patterns and similarities in the sourcing, storing, transporting and marketing of these agricultural products, in the skills and capabilities required to participate in these businesses and the tools and techniques required to manage the particular risks inherent across these product markets.
Olam saw it as the opportunity to transfer these skills and competencies across geographic boundaries into other developing countries and across product boundaries to other

Olam International Latest News

Olam Q2 profit rises 28.5% as sales leap

A surge in sales sent earnings shooting up at commodity trader Olam International in the second quarter, it reported yesterday. Net profit rose 28.5 per cent to $147.7 million for the three months to June 30 while turnover rose 30.9 per cent to $6.5 billion.
Posted: August 14, 2017, 2:15 pm

New report: Global dried fruit & nuts market analysis with forecast to 2022

Key companies profiled in this report are Sun-Maid, Arimex, Olam International, Sunbeam Foods, Diamond Foods, Archer Daniels Midland, Kanegrade, Graceland, Hines Nut Company, H.B.S. Foods and others. Report available at: www.themarketreports.com/report/buy ...
Posted: August 22, 2017, 4:09 am

India's Refined Palm Oil Imports To Fall As Duty Change Makes Crude Palm Cheaper

the increase in import duties in an important market like India work its way through," said Sunny Verghese, chief executive of Olam International Ltd.. Since the duty change, some Indian importers have already begun requesting sellers to replace refined ...
Posted: August 18, 2017, 12:48 am

Olam International : reports 28.5% PATMI growth for Q2 2017.

• Q2 2017 PATMI up 28.5% year-on-year to S$147.7 million with growth from all four key segments especially the Food category; Operational PATMI up 34.1% to S$154.0 million • H1 2017 PATMI up 27.5% to S$291.5 million; Operational PATMI up 23.6% to S$297 ...
Posted: August 13, 2017, 5:57 pm

BRIEF-Olam international issues US$50 million ,3.65% fixed rate senior unsecured notes due 2022

* Issue of US$50 million 3.65% fixed rate senior unsecured notes due 2022 Source text for Eikon: Further company coverage:
Posted: August 21, 2017, 5:22 pm
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