Press release
15th Nov, 2022
ofi expands its innovation capabilities with a new Customer Solutions Center in Singapore
Singapore
olam food ingredients ("ofi"), a global leader in naturally good food and beverage ingredients, today opens its new Customer Solutions Centre (CSC) in Singapore. The new facility will enable ofi to better collaborate with brands, grocery retailers and foodservice companies to create their next delicious and nutritious product for consumers. The CSC will be inaugurated by guest of honor, Ms. Low Yen Ling - Minister of State, Ministry of Trade and Industry (MTI) & Ministry of Culture, Community and Youth (MCCY).
Solving customer challenges
A team of culinary and pastry chefs, food scientists, quality, regulatory and category experts will help ofi’s customers develop new products and applications using ingredients from ofi’s portfolio of cocoa, coffee, dairy, nuts and spices. These ingredients are highly complementary and can be combined into recipes and formats that meet consumer trends for exciting new flavors, health benefits, convenience, and plant-based sol
Press release
1st Dec, 2021
Olam secures US$150 million loan to purchase sustainable cotton under the Better Cotton Initiative
Singapore
Leading global food and agri-business Olam International Limited (“Olam’’) has secured a financing facility (“the Facility”) linked to the procurement of sustainable cotton under the Better Cotton Initiative (“BCI”).
Aggregating US$150 million, the Facility has a 2-year tenor and has Olam Treasury Pte. Ltd. and Olam Global Agri Treasury Pte. Ltd. as co-borrowers. Proceeds from the Facility will be used for procurement of sustainable cotton licensed by BCI.
N Muthukumar, Group CFO of Olam, said:
“Olam continues to re-imagine what sustainable financing can look like through innovative, purpose-driven initiatives that have the strong support of our banking partners. This Facility supports Olam’s procurement of sustainable cotton via the Better Cotton Initiative, while combining Olam’s operational ability, leadership position in cotton and sustainability focus with the banks’ objective of supporting more financing linked to sustainable activities.”
News
14th Sep, 2018
Olam named one of best companies to work for in Vietnam and Indonesia
Olam has been recognised for its strong workplace culture and employee engagement, with Olam Vietnam Limited and PT Olam Indonesia being named as among the best companies for work for in their respective countries by HR Asia Magazine.
Olam Vietnam was selected by the human resource publication in its inaugural list of Best Companies to Work for in Asia 2018 Awards – Vietnam Edition. This was Olam’s second time on the list this year – having received the same accolade for Olam Indonesia in the Indonesia edition of the award in May 2018.
Prakash Jhanwer, President of Southeast Asia and China, Olam International, said, “We are delighted and honoured to receive these awards for both our Vietnam and Indonesia operations. Our people are our most important asset and we are committed to fostering an environment for employees to thrive. We will continue to strive to be an employer of choice in these regions and globally.”
Blog
7th Oct, 2022
Better cotton in a changing climate
This article is written by Ashok Hegde, CEO for Fibre, Agri-industrials and Ag Services at Olam Agri and a Better Cotton Council Member
Cotton is not only the world’s most used natural fibre, but also a source of livelihood for the millions that depend on it. Cotton directly supports the livelihoods of 350 million people worldwide, including 100 million farmers. Yet, the cotton plant is extremely sensitive to changing weather conditions and the impact of climate change on cotton crops will make managing cotton supplies even more challenging.
Across the world, farmers continue to be impacted by extreme weather patterns such as erratic monsoons, droughts and excessive rainfall. Smallholder farmers are exceptionally vulnerable to weather events. Extreme weather events have the ability to destroy an entire harvest, thereby threatening the livelihoods of smallholder farmers.
According to Cotton 2040, 40% of cotton-producing regions are likely to see their growing seasons shortened due
