Press Release

    Olam unveils comprehensive and transparent new online view of the business

    Press release

    Olam International Ltd., a leading global agricultural products and food ingredients company, today unveils its new web site with an extensive suite of resources available to access online at www.olamgroup.com.

    “As well as being a business to business brand serving more than 11,600 customers globally, Olam is committed to communicating its stance as a company that grows responsibly, both in terms of its financial results and the products it sources, grows and processes. Olam’s new web site reflects both the scale of the business and our commitment to transparency in the supply chain,” said Briony Mathieson, Head of Corporate and Sustainability Communications.

    Olam is best known as an agricultural supply chain business, but it has embraced an innovative adjacency business model that has seen it move upstream into farming, midstream into processing and downstream into branded goods through organic growth and acquisitions. The new web site provides comprehensive information on all of these areas. Upstream businesses featured include palm (Roundtable Sustainable Palm Oil New Planting Procedures followed) and rubber plantations in Africa; and the development of tropical forest concessions (Forestry Stewardship Council® certified) in The Republic of Congo. Examples of businesses in the midstream include sugar milling and refining in India and Indonesia; and tomato paste manufacturing in California while downstream businesses include the Packaged Foods Business division which manufactures, markets and sells a range of branded packaged food products to consumers across multiple African markets.

    In addition to comprehensive Investor Relations information, the updated website also offers a new Sustainability section outlining how Olam builds sustainable supply chains and consumer friendly facts about the scale and size of the business in a Facts and Snippets section:

    • For every 8 chocolate bars consumed in the world, 1 is made from cocoa beans handled by Olam.
    • The quantity of rice handled by Olam annually could feed the entire population of Africa for a week.
    • The amount of peanuts processed by Olam is enough to make 7,610,626,992 peanut butter sandwiches.
    • Olam produces enough wool to make 40 million suits a year.
    • Olam produces enough cotton to provide everyone in the world with 3 pairs of socks each year.

    Olam Website News Release

     

    About Olam International Limited

    Olam International is a leading global integrated supply chain manager and processor of agricultural products and food ingredients, sourcing 20 products with a direct presence in 65 countries and supplying them to over 11,600 customers. With direct sourcing and processing in most major producing countries for its various products, Olam has built a global leadership position in many of its businesses, including cocoa, coffee, cashew, sesame, rice, cotton and wood products. Headquartered in Singapore and listed on the SGX-ST on February 11, 2005, Olam currently ranks among the top 40 largest listed companies in Singapore in terms of market capitalisation and is a component stock in the Straits Times Index (STI), MSCI Singapore Free, S&P Agribusiness Index and the DAXglobal Agribusiness Index. Olam is the only Singapore firm to be named in the 2009 and 2010 Forbes Asia Fabulous 50, an annual list of 50 big-cap and most profitable firms in the region. It is also the first and only Singapore company to be named in the 2009 lists for the Global Top Companies for Leaders and the Top Companies for Leaders in the Asia Pacific region by Hewitt Associates, the RBL Group and Fortune.

    More information on Olam can be found at www.olamgroup.com.

    Olam International Corporate Responsibility & Sustainability

    Olam’s sustainability initiatives are closely aligned with the core business and aim to make a meaningful impact on the countries and communities in which the company operates. Olam has 110 Corporate Responsibility & Sustainability programmes across 30 countries which impact the lives of 1.5 million farmers through income generation, food security, local infrastructure development, health awareness and primary education programmes.

    In May 2011 Olam launched the Livelihood Charter – a framework to improve the economic, social and environmental welfare of small-scale farmers and their communities, based on a set of 8 Principles, one of which takes into account the Environmental Impact of farming activities.

    For further information on Olam’s CRS activities, please follow the link below: http://www.olamgroup.com/

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