Press release
12th Jan, 2022
Artificial intelligence will look to identify novel health properties and potency in ofi black pepper and garlic supply
Brightseed and ofi announce partnership to explore health benefits in popular spices
San Francisco and Chicago
Medical research has shown that there are bioactives in black pepper and garlic that are known for their medicinal qualities. However, not all compounds within these spices have been uncovered or explored for their total health benefits, and not all varieties are equal.
Through a partnership with Brightseed, a biosciences data company and a World Economic Forum Technology Pioneer, olam food ingredients (“ofi”), a global leader in naturally good food & beverage ingredients, hopes to learn which varieties deliver the highest levels of bioactives. ofi’s innovation team working at ingredient excellence centers in Fresno, California and Vietnam hope to discover exactly what health benefits exist in its U.S. garlic and global black pepper varieties.
Brightseed will use its award-winning Forager® artificial intelligence platform to seek to identify complex molec
Press release
7th Dec, 2021
Olam secures US$150 million SOFR-pegged club loan
Singapore
Leading global food and agri-business Olam International Limited (“Olam’’) has secured one of Singapore’s first club loans (the “Facility”) referencing the USD Secured Overnight Financing Rate (SOFR*) with DBS and Industrial and Commercial Bank of China, Singapore Branch (ICBC Singapore).
The Facility size is US$150 million and has a 1-year tenor with Olam Treasury Pte. Ltd. as a co-borrower. Proceeds from the Facility will be used for general corporate purposes of Olam and its subsidiaries. The Facility agreement also allows for the carve-out, separation, and proposed demerger and IPO of ofi as per Olam’s re-organisation plan.
N Muthukumar, Group CFO of Olam, said:
“We are delighted to continue our partnership with DBS and ICBC to explore financing solutions that aid us in the transition to alternative risk-free benchmark rates ahead of the impending discontinuation of LIBOR.”
This Facility follows on from Singapore’s first club
News
22nd Nov, 2021
Congolaise Industrielle des Bois (CIB) inaugurates 3rd timber processing unit in Republic of Congo
Congolaise Industrielle des Bois (CIB) recently inaugurated its 3rd processing unit in the presence of the Ministry of Forest Economy (MEF), Republic of Congo, Her Excellency Mrs Rosalie Matondo.
CIB continues to remain committed to maximising the value addition at source and supporting the local economy through job creation in the industry and ecological and social programmes. The Enyelle timber processing unit is a giant leap forward with its state-of-the-art manufacturing line, making it one of the most modern processing units in the Republic of Congo and West Africa.
Built on an area of 46,000 m2, the first phase of the processing line will produce around 1,500 M3 of finished products per month. The automated line boasts modern equipment, including a customised opticut machine which guarantees the maximum recovery of defect-free products. The project's second phase is expected to finish by the first quarter of 2022, scaling up the monthly production to 2,500 M3. The processing un
Blog
17th Sep, 2021
Creating strong and thriving communities
At Rusmolco, we care deeply about the communities that lie at the heart of our operations. Without them, we wouldn’t be able to tend to our herd or run our farms. But in the 1990s many Russians moved to the cities for work, leaving some of these rural communities behind. We’ve been working hard to change that. By bringing city level facilities to the villages that surround our milking farms, we’re making these rural communities prosperous places where people want to live and work.
One way we do that is by helping to build critical infrastructure like roads, housing and energy supply networks. For example, in areas close to our farms in Arshinovka, Narovchat and Serdobsk, we have and will continue to partner with local authorities in building new homes for our employees. We have already helped to construct over 50 homes for our staff, who will eventually become owners under the government housing scheme, as well as much-needed libraries, kindergartens and commu
