Olam news
Olam International is a global agri-business company that operates in the food and agri-products sector. Here are some recent news updates about Olam:
Recent News
- Olam's Q3 2022 Results: Olam International reported a net profit of SGD 143 million (USD 103 million) for the third quarter of 2022, a 14% increase from the same period last year. Revenue grew 12% to SGD 9.4 billion (USD 6.8 billion).
- Sustainability Efforts: Olam has set a target to reduce its greenhouse gas emissions by 30% by 2030, as part of its efforts to achieve net-zero emissions by 2050. The company has also committed to sourcing 100% of its electricity from renewable sources by 2025.
- New Cocoa Processing Facility: Olam has opened a new cocoa processing facility in the Ivory Coast, which will increase its processing capacity by 20%. The facility will also create jobs and support local communities.
- Partnership with Microsoft: Olam has partnered with Microsoft to develop a digital platform for its agricultural operations. The platform will use artificial intelligence and machine learning to improve crop yields, reduce waste, and enhance supply chain efficiency.
- Expansion in Africa: Olam has announced plans to expand its operations in Africa, with a focus on the Democratic Republic of Congo, Ghana, and Nigeria. The company aims to increase its presence in the region and support local economic development.
Recent Awards and Recognition
- Sustainability Award: Olam was recognized as one of the top 10 most sustainable companies in the world by the Dow Jones Sustainability Index (DJSI) in 2022.
- Best Employer: Olam was named one of the best employers in the world by the Forbes Global 2000 list in 2022.
- Industry Awards: Olam has received several industry awards for its innovative products and services, including the "Best Cocoa Processor" award at the 2022 Cocoa Awards.
These are just a few examples of the recent news and updates about Olam International. If you're looking for more information, I can try to help you find it!