About Olam International
Olam International is a major food and agri-business company, operating in 60 countries and supplying food and industrial raw materials to over 19,800 customers worldwide. Olam is among the world’s largest suppliers of cocoa beans and products, coffee, cotton and rice.
In 1989, the Kewalram Chanrai Group established Olam Nigeria Plc to set up a non-oil based export operation out of Nigeria to secure hard currency earnings to meet the foreign exchange requirements of the other Group Companies operating in Nigeria. The success of this operation resulted in Olam establishing an independent export operation and sourcing and exporting other agricultural products. The Group’s agri-business was headquartered in London until 1996, and operated under the name of Chanrai International Limited. The business began with the export of cashews from Nigeria and then expanded into exports of cotton, cocoa and sheanuts from Nigeria.
Move to Singapore
Between 1993 and 1995, the business grew from a single operation into multiple origins, first within West Africa, and then to East Africa and India. The move into multiple origin countries coincided with the deregulation of the agricultural commodity markets.
Olam International Limited was incorporated in Singapore on 4 July 1995 as a public limited company. In 1996, at the invitation of the Singapore Trade Development Board (now Enterprise Singapore), Olam relocated their entire operations from London to Singapore. Furthermore, the Singapore Government awarded Olam the Approved International Trader status (now called the Global Trader Programme) under which Olam was granted a concessionary tax rate of 10%, which was subsequently reduced, in 2004, to 5%. On relocation to Singapore, the Group’s agri-business was reorganised to be wholly owned by Olam International Limited in Singapore.
In 2002, AIF Capital became the first external investor to take an equity stake in the company. In 2003, Singapore’s state-owned Temasek Holdings, through its wholly owned subsidiary Seletar Investments, took a stake in Olam, followed by International Finance Corporation (IFC). On 11 February 2005, Olam International Limited was listed on the main board of the Singapore Exchange. Temasek made a further investment in Olam in 2009.
As of December 2014, following a Voluntary General Offer Temasek held close to 80% of Olam. By 2020 this had reduced to 53.4%. In 2015 Mitsubishi Corporation acquired a shareholding of 20% making them the second largest shareholder.
The management team of Olam has a shareholding in the company approximating 6.3% of the total issued share capital. Olam’s free float owned by public shareholders accounts for approximately 15.9% of the total issued share capital in 2020.
Established in 1989, we’re listed on the Singapore Exchange. Our global team of over 81,000 employees have built leadership positions in many of our businesses such as cocoa, coffee, cotton, nuts and spices. Our six values shape our actions towards our work, our customers, our suppliers, our culture and each other.
A Taste of What We Do
As well as growing crops in our own orchards and estates, we source from over five million farmers and operate 75 large processing and manufacturing facilities. We develop ingredients and packaging solutions, and deliver risk management, logistics and infrastructure to support our customers’ needs. Through our Packaged Foods Business, we market our own brands directly to consumers in Africa. Here’s a flavour of what that looks like.
Olam International Location and Contact Information
Contact our general enquiries team:
- (+65) 633 94100
Contact our investor relations team:
- (+65) 6339 4100
Contact our media relations team:
- (+65) 6339 4100
Get in touch with our sustainability team:
- (+44) 20 7389 6464
Vacancies and Internships at Olam International – Olam International
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