Olam International
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| Public company | |
| Traded as | SGX: O32 |
| Industry | Food processing |
| Founded | Nigeria (1989) |
| Headquarters | Singapore, Singapore |
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Key people
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| Revenue |
 S$19,421.8 million (2014) |
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S$1,168.8 million (2014) |
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 S$641.272 million (2014) |
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| Total assets |
S$16,306.593 million (2014) |
| Total equity |
S$4,222,328 million (2014) |
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Number of employees
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25,000 (2015) |
| Website | olamgroup |
Olam International is a leading agri-business operating from seed to shelf in 70 countries, supplying food and industrial raw materials to over 16,200 customers worldwide.
Since it was established in 1989, Olam has evolved from a single-product, single-country geography, to a multi-product, multi-national, agri-business today, with 62,500 employees, contract, seasonal and temporary workers from 70 different nationalities.
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 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.
By the start of 1993, Olam recognised patterns andin the skills and capabilities required to participate in agricultural production and distribution in many different product markets. Between 1993 and 1995, the business grew from a single operation into multiple origins, first within West Africa (including Benin, Togo, Ghana, Côte d'Ivoire, Burkina Faso, Senegal, Guinea Bissau, Cameroon and Gabon), and then to East Africa (Tanzania, Kenya, Uganda, Mozambique and Madagascar) and then 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 International 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.
During this phase, Olam established sourcing and marketing operations in Indonesia, Vietnam, Thailand, China, Papua New Guinea, Middle East, Central Asia and Brazil.
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