Founded in 1989 in Nigeria, Olam International, headquartered in Singapore, entered the coffee business in 1994 with Indian plantations of conilon. The word "Olam" means transcending boudaries, which it believes fittingly describes its journey from start-up to global leader over that past 25 years.
In 2004 it started trading coffee in Brazil and seven other countries. Today it sells beans from 21 different countries, a position that puts it among the three largest coffee exporters in the world.
In addition to Brazil, the group also has arabica farms in Laos, Tanzania and Zambia. Olam also has instant coffee plants in Vietnam and Spain, which supply other brands.
With global revenue of $14.2 billion in 2015, Olam International was founded by Indian Sunny Verghese, its current CEO, and other partners. The company started off trading cashew nuts raised in the African country and shipped to India. Today it operates in over 70 countries and also has businesses in cocoa, cotton, rice, grains, sugar, dairies, palm oil, processed foods like pasta and tomato paste, spices and others, in addition to coffee.
Temasek Holdings, the Singapore sovereign investment firm, is the top shareholder of Olam with a 51.4% stake. Mitsubishi Corporation has 20% and the executive committee holds about 6.4%. The free float is nearly 22.3%.
Cashew nuts also were Olam's entryway to Brazil in 2001. It doesn't trade them in the country anymore, but has branched out into important commodities such as sugar, cotton and cocoa and also has a “small” soybean operation.
The company has just created a specialty coffee division in Brazil, showing how important the beans are for the Asian company's strategy. Olam employs 1,000 workers in the country, of which 660 work in the coffee business.
After operating in Brazil since 2001, Olam International has ambitious plans for coffee, its core business here. Already the second-largest exporter of coffee in the country, the Singapore-listed agribusiness giant also produces coffee in Brazil and wants to expand cultivation.
In the last three years, Olam started producing coffee on an irrigated farm in partnership with a local grower in Luiz Eduardo Magalhães, Bahia. The area has 1,800 hectares but only 1,100 are producing now, with an estimated harvest of 28,000 bags with 60kg. Olam doesn't disclose the size of its stake in the Bahia coffee farm. The entire area is not fully cultivated because some of the irrigation pivots are still being installed.
Brazil, the biggest coffee producer in the world, has an important role in Olam's global strategy. With this in mind, the company is also investing to expand its coffee exports. More efficiency is part of the plan, and Olam has been investing in warehouses close to producing regions, the executive says.
Olam has five coffee processing and storage units in Garça (SP), Nova Venécia (ES), and in Alfenas and Manhumirim, both in Minas Gerais. The company is also building a warehouse in another Minas Gerais city, São Sebastião do Paraíso. It also has 15 coffee purchasing units in the main producing regions of Brazil.
In November 2016, a year after taking over a cocoa processing plant in Ilhéus, Olam International opened on November 3rd, a development center of cocoa products, also in the same city. The unit received an investment of R$2 million and will develop cocoa products with characteristics that meet specific demands of several industries, such as beverage, ice cream or chocolate. To ensure the quality of its cocoa products, Olam has also launched a program to encourage improvement in the quality of the harvested beans, which initially will include 200 producers.
(Fonte: jornal Valor internacional - 02.08.2016 / 04.11.2016 / site The Motlay Fool - partes)
In 2004 it started trading coffee in Brazil and seven other countries. Today it sells beans from 21 different countries, a position that puts it among the three largest coffee exporters in the world.
In addition to Brazil, the group also has arabica farms in Laos, Tanzania and Zambia. Olam also has instant coffee plants in Vietnam and Spain, which supply other brands.
With global revenue of $14.2 billion in 2015, Olam International was founded by Indian Sunny Verghese, its current CEO, and other partners. The company started off trading cashew nuts raised in the African country and shipped to India. Today it operates in over 70 countries and also has businesses in cocoa, cotton, rice, grains, sugar, dairies, palm oil, processed foods like pasta and tomato paste, spices and others, in addition to coffee.
Temasek Holdings, the Singapore sovereign investment firm, is the top shareholder of Olam with a 51.4% stake. Mitsubishi Corporation has 20% and the executive committee holds about 6.4%. The free float is nearly 22.3%.
Cashew nuts also were Olam's entryway to Brazil in 2001. It doesn't trade them in the country anymore, but has branched out into important commodities such as sugar, cotton and cocoa and also has a “small” soybean operation.
The company has just created a specialty coffee division in Brazil, showing how important the beans are for the Asian company's strategy. Olam employs 1,000 workers in the country, of which 660 work in the coffee business.
After operating in Brazil since 2001, Olam International has ambitious plans for coffee, its core business here. Already the second-largest exporter of coffee in the country, the Singapore-listed agribusiness giant also produces coffee in Brazil and wants to expand cultivation.
In the last three years, Olam started producing coffee on an irrigated farm in partnership with a local grower in Luiz Eduardo Magalhães, Bahia. The area has 1,800 hectares but only 1,100 are producing now, with an estimated harvest of 28,000 bags with 60kg. Olam doesn't disclose the size of its stake in the Bahia coffee farm. The entire area is not fully cultivated because some of the irrigation pivots are still being installed.
Brazil, the biggest coffee producer in the world, has an important role in Olam's global strategy. With this in mind, the company is also investing to expand its coffee exports. More efficiency is part of the plan, and Olam has been investing in warehouses close to producing regions, the executive says.
Olam has five coffee processing and storage units in Garça (SP), Nova Venécia (ES), and in Alfenas and Manhumirim, both in Minas Gerais. The company is also building a warehouse in another Minas Gerais city, São Sebastião do Paraíso. It also has 15 coffee purchasing units in the main producing regions of Brazil.
In November 2016, a year after taking over a cocoa processing plant in Ilhéus, Olam International opened on November 3rd, a development center of cocoa products, also in the same city. The unit received an investment of R$2 million and will develop cocoa products with characteristics that meet specific demands of several industries, such as beverage, ice cream or chocolate. To ensure the quality of its cocoa products, Olam has also launched a program to encourage improvement in the quality of the harvested beans, which initially will include 200 producers.
(Fonte: jornal Valor internacional - 02.08.2016 / 04.11.2016 / site The Motlay Fool - partes)
Olam's History
Olam’s history is just as varied and interesting, with its roots dating back to 1860, in the province of Sindh, India (now part of Pakistan). Two brothers named Jhamatmal and Thakurdas Chanrai set up a small, textile-trading operation, which flourished and soon expanded to include handicrafts and agricultural commodities.
Leaving India
By the 1870s, the company had spread its wings and opened a shop in Malta, and by 1900, had established operations to Sierra Leone, Ghana and Nigeria. From here the company rapidly expanded to South America while keeping its roots firmly based in Bombay (Mumbai).
Asia
By 1924, the company had set up branches in Japan and had set its sights on our very own island, taking over a Singaporean silk business. Operations were soon started up in Hong Kong, Shanghai and Canton (Guangzhou).
Kewalram Chanrai Group
After the war the family decided to separate the company into two. Kewalram Ghanshamdas Chanrai and his sons consolidated the existing businesses in India, Africa and the Far East and formed the Kewalram Chanrai Group (KCG). The company ventured into extension farming, setting up Afcott, which farmed and produced cotton.
Olam
It wasn’t until 1989, when KCG decided to set up a non-oil agri-commodities group in Nigeria. Seed capital of US$10,000 was given to one of KCG’s senior (non-family) members with a mandate to get things going. The company was named Olam Nigeria Plc and it concentrated solely on the export of raw cashew nuts from Nigeria to India.
The new company proved successful and soon cotton, cocoa and shea nuts were added to its export portfolio, expanding operations firstly within West Africa, and then to Tanzania and India. Olam’s headquarters were moved to London, operating under the name Chanrai International Ltd and the company’s employees grew to 500.
Singapore
Sugar and sesame were added to the mix and Olam’s first South East Asian operations were set up in Indonesia. In 1996, Olam relocated its entire operations from London to Singapore. The Singapore government awarded Olam its Approved International Trader status and the company continued to grow, expanding both its operations and export portfolio.
(Fonte: site The Motlay Fool)
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