Singapore-based agricultural group Olam International has announced the resignation of its CFO Krishnan Ravi Kumar. Kumar, who is leaving to "pursue a new career outside the agri-commodity sector", will be replaced by Shekhar ...
Tags: agricultural group Olam, CFO Krishnan Ravi Kumar, Titanium Holding
Singapore agribusiness giant Olam International has acquired Egypt-based onion and herb business Dehydro Foods. Olam said Dehydro is Egypt's largest exporter of dehydrated onions and would add to its B2B ingredients business. "This ...
Tags: Olam, onion, herb, ingredients
The week's two major stories broke within hours of each other on Wednesday - Tesco admitted it was "likely" to leave the US and Germany's Intersnack snapped up United Biscuits' salty snacks business. Elsewhere, ex-Tesco CEO Terry Leahy led ...
Tags: salty snacks, Intersnack, Hula Hoops, McCoy's, Skips, dairy, pork sector
Olam International has booked a 26.2% increase in first-quarter profits, boosted by growth at its food business. Net profit for the three months to the end of September rose to S$43.2m (US$35.3m), up from S$34.2m in the comparable period ...
Tags: net profit, Sales rise, Food sales
Cocoa processors including Cargill and Archer Daniels Midland could be encouraged to follow the example of Nestle and launch investigations into their cocoa supply chains, the head of the Fair Labor Association has told just-food. Auret ...
Tags: Cocoa Processors, Nestle, cocoa supply
US cocoa group Blommer Chocolate Company and Singapore-based ingredients firm Olam International have formed a 50-50 joint venture, GrowCocoa. The JV aims to "bolster the cocoa supply chain" and support the sustainable production of ...
Olam International,a Singapore-based processor of agricultural products and food ingredients,has reported that its revenues increased by 45.2%to S$4.69bn($3.82bn)for the first quarter of 2013,compared to S$3.2bn($2.6bn)for the same period ...
Tags: revenues, sales volume, continued growth
Olam International has acquired a 50%stake in Acacia Investments(AI),a business group based in the United Arab Emirates with a strong presence in edible oil refining and distribution in East Africa,for$35m. Olam managing director and Palm ...
Tags: edible oil refining, joint venture, CPO
Pharm-Olam International (POI) has signed a multi-year, multi-million dollar contract with Datatrak for the cloud-based unified clinical research solution, Datatrak One. The solution deployed worldwide through an ASP or Enterprise ...
Tags: Pharm-Olam International, POI
Ophthalmologic products provider, InSite Vision has started the patient enrollment for the first Phase 3 clinical trial of BromSite (ISV-303), which is used to reduce pain and inflammation post cataract surgery. The study will enroll ...
Tags: Insite Vision, BromSite Phase 3 Study, Ophthalmologic products
Cotton Council International (CCI) and Cotton Incorporated, in cooperation with USDA, jointly presented the seventh biennial Sourcing USA Summit in Rancho Palos Verdes, California. The event, held on November 12-16, attracted 400 delegates ...
Tags: CCI, Sourcing USA Summit, cotton, textile, raw cotton fiber
A swathe of results releases this week highlighted the ongoing difficulties of operating in the current economic climate. Supervalu announced that it is cutting 2,500 jobs from its Albertsons chain and McCain said that it is quitting pizza ...
Tags: Supervalu, cutting jobs, meat, food, packaged foods
The global food industry has seen a raft of M&A activity this week with Flowers Food's purchase of Lepage Bakeries, Olam's acquisition of Usina Açucareira Passos, and Booker's deal to buy the local cash-and-carry assets of German ...