2022 BSM Index
TOP 50 BRANDS NIGERIA® 2022
| #31 | Olam Nigeria |
|---|---|
| BSM Index | 55.8 |
| YoY | -5 |
| CEO | Mukul Mathur |
| Year Founded (in Nigeria) | 1989 |
| Website | www.olamgroup.com |
| Head Office | Plot 5 & 6, Abebe Village, Iganmu, Lagos |
| Nationality | Singapore |
| Customer Base | – |
| Number of Branches | – |
| Annual Turnover | – |
| Employees | 3,350 |
| Marketing Budget | – |
Olam International is a leading food and agri-business company in the world, operating from seed to shelf in 70 countries and supplying food and industrial raw materials to over 23,000 customers worldwide. Olam is one of the world’s largest suppliers of cocoa beans and products, coffee, cotton and rice.
Olam was established in 1989 by the Kewalram Chanrai Group 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 Groupbof Companies operating in the country. The success of this operation resulted in Olam establishing an independent export operation and sourcing and exporting other agricultural products.
The business began with the export of cashew nuts from Nigeria and then expanded into exports of cotton, cocoa and sheanuts from Nigeria.
Today, Olam Nigeria owns one of the largest integrated milling system in sub-Sahara Africa, producing 36,000 metric tonnes of rice for the local market on its 10,000 hectare farm.
For the past 10 years, Olam has been the largest non-oil exporter from Nigeria, where it also employ over 3,500 staff, spread across the 6 geo –political zones, who are helping to manage their value chain activities of sourcing, processing, marketing and distribution.
Olam’s principal business activities in Nigeria include:
- Animal Feeds and Hatchery with Olam Hatcheries Limited
- Sourcing and procurement, grading, processing and export of agricultural produce such as cocoa, cashew, and sesame
- Local farming, milling and distribution of rice
- Wheat milling and Pasta with Crown Flour Mills
- Biscuits, candy and confectionery with OK Foods Ltd
- Noodles with Olam Sanyo
- Dairy beverages with Ranona Nigeria Ltd
- Culinary ingredients with Caraway Foods Ltd.
- Pioneering domestic sesame hulling and sesame exports in Nigeria.
Olam was internationally recognised in 2013 by The Rockefeller Foundation as a catalytic innovator in African Agriculture’ and in 2018, it has been identified as one of 3 high impact success stories for Global Recognition by the United Nations Economic & Social Council.
