Press Release

    Olam Agri partners with Le Groupe Millet and Nature+ to research and protect natural forest ecosystems

    Press release

    Olam Agri, the food, feed and fibre agri-business of Olam Group, has announced a partnership with Le Groupe Millet and Nature+ with its wood products’ subsidiary, Congolaise Industrielle des Bois (CIB) to strengthen research on the dynamics of natural forests ecosystems and the impact of sustainable forest management.

    The partnership will bring together research communities, experts, and key stakeholders to drive forward research and strengthen technical and environmental standards related to CIB’s operations in the Republic of Congo, where it manages around 2.1 million hectares of owned concessions of which around 1.8 million hectares are certified. In addition to studying natural forest dynamics, the partnership will provide structural support to research and monitoring teams and use the results of the study to recommend practical measures that can be implemented by CIB.

    Nature+, a non-profit organisation focused on sustainable management African forest ecosystems, will provide scientific supervision for the project, working with CIB and Le Groupe Millet, a leading specialist in industrial joinery for over 70 years, to further advance research to support sustainable forest management and sustainably sourced timber.

    “We are delighted CIB’s concessions support a sustainable value chain from raw material sourcing to end-of-life. We are committed to wood being sourced and used sustainably to its fullest potential. Partnering with a certified company, such as CIB, will added value to our continuing development,” said Fabrice Millet - General Manager, Le Groupe Millet.

    On signing the agreement, Christian Schwarz, Vice President of Olam Agri’s woods products business, said, “Partnerships are essential to take actions that can improve forest management while preserving ecosystems and resources for local communities. Our partnership with Nature+ and Le Groupe Millet is a positive example of the importance of collaboration between the public and private sectors to help achieve further progress for a sustainable wood industry.”

    About Olam Agri

    Olam Agri is a market leading, differentiated food, feed and fibre agri-business with a global origination footprint, processing capabilities and deep understanding of market needs built over 33 years. With a strong presence in high-growth emerging markets and products across grains & oilseeds, animal feed & protein, rice, edible oils, specialty grains & seeds, cotton, wood products, rubber and commodity financial services, Olam Agri is at the heart of global food and agri-trade flows with more than 40 million MT in volume traded annually. Focused on transforming food, feed and fibre for a more sustainable future, it aims at creating value for customers, enable farming communities to prosper sustainably and strive for a food-secure future. Olam Agri Holdings Pte. Ltd., which holds the Olam Agri business, is a 64.6% owned indirect subsidiary of Olam Group. 35.4% of OAHPL is owned by SALIC International Investment Company, a wholly owned subsidiary of Olam Agri’s strategic partner The Saudi Agricultural and Livestock Company.

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    About Olam Group

    Olam Group is a leading food and agri-business supplying food, ingredients, feed and fibre to 20,900 customers worldwide. We are present in over 60 countries and our operations include farming, processing and distribution operations, as well as a sourcing network of an estimated 5.0 million farmers.

    Through our purpose to ‘Re-imagine Global Agriculture and Food Systems’, Olam Group aims to address the many challenges involved in meeting the needs of a growing global population, while achieving positive impact for farming communities, our planet and all our stakeholders.

    Headquartered and listed in Singapore, Olam Group currently ranks among the top 30 largest primary listed companies in terms of market capitalisation on SGX-ST.

    Since June 2020, Olam Group has been included in the FTSE4Good Index Series, a global sustainable investment index series developed by FTSE Russell, following a rigorous assessment of its supply chain activities, impact on the environment and governance transparency. The FTSE4Good Index Series identifies companies that demonstrate strong Environmental, Social and Governance (ESG) practices and is used by a variety of market participants to create and assess responsible investment funds.

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    Olam Group is located at 7 Straits View, Marina One East Tower #20-01, Singapore 018936. Telephone: +65 63394100, Facsimile: +65 63399755. 

    About Nature+

    Nature+ is a Belgian non-profit organization specializing in the sustainable management of natural resources, particularly African forest ecosystems.  

    About Le Groupe Millet

    Le Groupe Millet is a leading specialist in industrial joinery for over 70 years.

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