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Olam International information


Olam International Limited
Company typePublic company
Traded as
SGX: O32
IndustryAgri-business
FoundedNigeria (1989 (1989))
Headquarters7 Straits View, Marina One East Tower,
Marina South
,
Singapore[1]
Key people
  • Lim Ah Doo (Chairman)
  • Sunny George Verghese (CEO)
RevenueIncrease S$47 billion (2021)[2]
Operating income
Increase S$1,423 million (2021) [2]
Net income
Increase S$686 million (2021) [2]
Total assetsIncrease S$32.060 billion (2021) [2]
Total equityIncrease S$6.771 billion (2021) [2]
OwnerTemasek Holdings (54%)
Mitsubishi Corporation (17%)
Number of employees
82,000+ (2021) [2]
DivisionsOlam Food Ingredients (OFI)
Olam Global Agri (OGA)
Websiteolamgroup.com

Olam International is an agri-business company, operating in 60 countries and supplying food and industrial raw materials to over 20,900 customers worldwide, placing them among the world's largest suppliers of cocoa beans, coffee, cotton and rice.[3][4][5] Its value chain includes farming, origination, processing and distribution operations,[2] child labor,[6] and allegedly even child slavery.[7]

  1. ^ "OLAM GROUP LIMITED (202180000W) - Singapore Company". SGP Business. Retrieved 8 April 2024.
  2. ^ a b c d e f g "Olam Full Year 2021 Results" (PDF). Olam. Retrieved 15 April 2021.
  3. ^ George, George (15 April 2013). "Overview of global cocoa, coffee and sugar markets" (PDF). Global Grain.
  4. ^ Roche, Julian (2019). Agribusiness: An International Perspective. Abingdon: Routledge. pp. 139–143. ISBN 978-1-351-03972-7.
  5. ^ "The world's food system has so far weathered the challenge of covid-19". The Economist. 9 May 2020.
  6. ^ "Olam Cocoa continues work to eradicate child labor". www.candyindustry.com. Retrieved 5 April 2020.
  7. ^ Balch, Oliver (12 February 2021). "Mars, Nestlé and Hershey to face child slavery lawsuit in US". Retrieved 13 February 2021.

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