Olam, Nespresso lend their expertise in coffee industry to communities in DRC as part of bio-diversity protection initiative

DRC – International development organizations, USAID, TechnoServe, the Wildlife Conservation Society, and Asili, have partnered with leading food industry players Nespresso and Olam Food Ingredients to launch the Gorilla Coffee Alliance in the Democratic Republic of the Congo. The five-year initiative is aimed to breathe new life into the region’s coffee industries and communities, in a bid to foster vital economic growth in the coffee sector while preserving local ecosystems in Kivu. One of its main focuses is to reduce the threat facing the region’s endemic and critically endangered Grauer’s…

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Olam Food Ingredients partners Agri-Neo to produce organically pasteurized dried onions

USA – Olam Food Ingredients (OFI) has announced that its spices business is entering into a strategic partnership with Agri-Neo to provide the industry’s first organically pasteurized dried onions.  OFI’s dried onions are used across a broad range of applications including pizzas, burgers, sauces, snacks, marinades and soups.  It was however not possible to certify these ingredients as organic as existing pasteurization methods often subjected the onions to radiation- a process not allowed in organic ingredient processing  Agri-Neo’s pasteurization technology, Neo-Pure™ however helps manufacturers achieve pasteurization-necessary for food safety- while…

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Olam Food Ingredients to develop dairy processing plant in New Zealand

NEW ZEALAND – Olam Food Ingredients, the ingredients arm of Singapore-headquartered food and agri-business company-Olam, has announced plans of setting up a new dairy processing facility in the North Island town of Tokoroa, New Zealand. The new processing plant investment by the global leader in natural and sustainable ingredient solutions, follows 10 years as an investor in the New Zealand dairy sector. It will become part of a global network that spans 20 major milk consumption markets, such as South-East Asia, China, the Middle East, and Africa further cementing its…

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Niall FitzGerald to Chair Olam Food Ingredients’ Board of Directors

SINGAPORE – Olam International Limited has appointed Niall FitzGerald as the Chair of the Board of Directors for its operating group, Olam Food Ingredients (“OFI”), effective 9 September 2021.   OFI was created in early 2020 following the announcement of the re-organization of Olam to unlock and maximize its long-term value.   FitzGerald’s appointment comes as OFI seeks a primary listing on the premium segment of the London Stock Exchange, and a concurrent secondary listing in Singapore in H1 2022.   Niall FitzGerald commented: “It is an honour to be invited by the Olam…

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Olam, IITA, E4D partner to support 5,000 Uganda coffee farmers improve their livelihoods

UGANDA – Olam Food Ingredients has partnered with the International Institute of Tropical Agriculture (IITA) and the GIZ Employment and Skills for Development in Africa (E4D) program to improve the livelihoods of 5,000 coffee farmers in the Mount Elgon region of the country. The project which is set to run for the next two and a half years aims to improve farmers’ livelihoods by enabling them to optimize their investment in coffee, earn more from other on-farm activities, and thus reduce the living income gap by 20 percent. This will…

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Olam to list food ingredients unit in London after first half profit jump

SINGAPORE – Agricultural commodity trading company Olam has picked London for the initial public offering of its multibillion-pound food ingredients business, as it looks to tap growing investor interest in healthy eating and nutrition.  The listing of Olam Food Ingredients (OFI) is part of a business overhaul flagged last year, under which it created two new core operating businesses: OFI and Olam Global Agri (OGA).  Reuters, citing people privy to the matter, said that the company is considering raising about 2 billion pounds (US$2.8 billion) from the IPO, funds which will…

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Olam Foods Ingredients scales up efforts to enhance sustainability in global cashew supply chains

UK – Olam Food Ingredients (OFI), has published new targets aimed at making the global cashew supply chain more sustainable and rewarding to the farmer.  According to OFI, despite cashews being in high demand, cashew farmers are among the poorest in the world with no enough income to feed their families, afford much-needed healthcare or send their children to school.   Through its new sustainability targets, OFI hopes to change this narrative and encourage others in the sector to collaborate for measurable change.   The Cashew Trail strategy sets 2030 targets across OFI’s cashew business – in line with the United…

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Olam Food Ingredients to acquire US private label spices manufacturer Olde Thompson for US$950m

US – Olam Food Ingredients has announced that it is acquiring Olde Thompson, a leading US private label spices and seasonings manufacturer, at an enterprise value of US$950 million. The company said the acquisition was made through its wholly owned subsidiary Olam Holdings Inc. According to a statement by the Singapore based firm, the acquisition aligns with its vision and accelerates its growth strategy of delivering sustainable, natural, value-added food and beverage ingredients and solutions. Established in 1944, Olde Thompson operates two highly automated bi-coastal facilities in Bayonne, New Jersey…

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Olam Food Ingredients establishes systems to rid cocoa supply systems of child labour and deforestation

UK – Olam Food Ingredients (OFI), a leading supplier of cocoa beans and cocoa ingredients, has announced the successful establishment of child labour and deforestation monitoring systems covering its entire supply chain. Child labour is defined by the International Labour Organisation as work that endangers children or interferes with their schooling. In the cocoa industry, the problem of child labour is rampant. The Payson Center for International Development and Technology Transfer estimates that approximately 1.8 million children in the Ivory Coast and Ghana may be exposed to the worst forms…

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