14 Facts About Olam International

Olam International is among the world's largest suppliers of cocoa beans and products, coffee, cotton and rice.

The success of this operation resulted in Olam International establishing an independent export operation and sourcing and exporting other agricultural products.

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, Olam International relocated their entire operations from London to Singapore.

On 11 February 2005, Olam International Limited was listed on the main board of the Singapore Exchange.

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In 2010, Olam International discussed a possible merger with one of its main competitors; Geneva-based Louis Dreyfus Company, the world's largest cotton and rice trading company.

Olam International announced in July 2013, that it would sell its cotton assets in Zimbabwe, with the preferred buyer being a private equity company.

In January 2020, Olam International announced division of its portfolio of diverse products into two new operating businesses, Olam Food Ingredients and Olam Global Agri .

Olam International was accused of endangering the forest habitats of gorillas, chimpanzees and forest elephants due to widespread deforestation.

Two NGOs documented Olam International's cutting down an area the size of Washington DC in what had been an intact forest landscape in Northern Gabon, for rubber in Gabon.

The report accused Olam International of endangering the forest habitats of chimpanzees, elephants and other wildlife populations by purchasing cocoa linked to deforestation.

Olam International was notified of the findings of Mighty Earth's investigation and did not deny that the company sourced its cocoa from protected areas in the Ivory Coast.

In November 2012, Carson Block of Muddy Waters Research accused Olam International of "deciding to take huge leverage and invest in illiquid positions", questioning its accounting practices and accusing its board of an "abject failure of leadership".

In 2021, Olam International was named in a class action lawsuit filed by eight former child slaves from Mali who allege that the company aided and abetted their enslavement on cocoa plantations in Ivory Coast.