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Read about the latest developments across the busines, Including our global sustainability initiatives.
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Our American story began in 2002 when we started exporting cotton from the South East.
From one employee in a small office in Wilmington, North Carolina, over the years we have grown to employ over 2,000 people across more than 20 locations. A snapshot of our operations include:
Nuts
In the ‘State of Abundance’ that is California, we farm around 4,000 hectares (ha) of almond orchards as well as buy from other growers. We also have walnuts and pistachios. As with all our growing operations are committed to stewardship of the environment.
In peanuts, Olam has become the most vertically integrated supplier in the USA industry with assets in shelling, blanching and ingredients. Our 7 processing facilities are strategically placed across the main peanut growing regions of Texas, Georgia, Alabama and North Carolina.
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Annually, our USA peanut operation processes enough peanuts to supply the entire national population with over 1 pound of edible peanuts! We prioritise strong relationships with all growers, along with food safety and on-time delivery for our customers.
Chillies
We are the largest organic chilli grower and processor in the USA, with operations in Las Cruces, New Mexico, providing full traceability from seed to delivery.
Cotton
We are a leading supplier of Pima, SJV and Certified FibermaxTM cotton varieties in the USA. We have operations in Texas, Memphis, California and Arizona, with ginning and warehousing infrastructure in the latter 2 States.
Across all of our operations we are committed to helping farmers prosper, communities to thrive and landscapes to re-generate. Read more about efforts here.
Meet the Team
We have a broad presence in the USA, and rely on over 2,000 talent employees across more than 20 locations.
Greg Estep
Managing Director & CEO, Spices
Also in the News
8th Apr, 2021
Olam launches 2020 Annual Report: “Unlocking long-term value and driving sustainable growth”
Singapore
Global food and agri-business Olam International Limited today published its 2020 Annual Report, which outlines the Company’s financial and non-financial performance for the year. This includes how Olam:
Successfully navigated the pandemic to emerge stronger, delivering robust operational financial performance in 2020
Strong execution of the Group’s Strategic Plan to drive sustainable growth
Made significant progress on its Re-organisation Plan to unlock and maximise long-term sustainable value via carve-out, IPO and concurrent demerger of Olam Food Ingredients (OFI) and pursue similar strategic options for Olam Global Agri (OGA)
Continued to live out its Purpose of ‘Re-imagining Global Agriculture and Food Systems’
Sunny Verghese, Co-Founder and Group CEO of Olam, said:
“2020 was one of our strongest years on record as we delivered operational earnings growth of 36.0% to S$677.8 million even as we contended with the COVID-19 pandemic. We also made sig
26th Feb, 2021
Olam reports robust 2020 performance amid the pandemic, with 36.0% growth in Operational PATMI to S$677.8 million
Strong operating performance by new Operating Groups
Singapore
H2 2020 Operational PATMI up 90.1% to S$475.7 million
Lower reported PATMI in H2 2020 (-S$87.0 million) and 2020 (S$245.7 million) from prudent one-off impairment mainly from Olam Palm Gabon (OPG)
Strong operating performance growth of 43.3% for OFI in H2 2020 after Covid-19 impact in H1 2020
Strong operating performance growth of 40.3% for OGA in 2020
Significant progress on Re-organisation Plan with planned IPO of OFI by H1 2022 and de-merger from Olam Group in conjunction with the IPO; Pursuing similar strategic options for OGA in parallel
Board of Directors recommends a final dividend of 4.0 cents per share; total dividend for 2020 would be 7.5 cents per share (2019: 8.0 cents)
H2 2020 Financial Highlights
Revenue
+ 9.9% YoY
xxx
18.7
Bn (S$)
EBIT
+ 20.6% YoY
xxx
645.8
Mn (S$)
PATMI
n.m.
xxx
(87.0)
Mn (S$)&nbs
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