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Olam International To Enter Animal Feed Business
Daily Bulletin | 30 November 2015
Related stocks:
O32
By:

Olam International announced that its grains platform plans to expand into animal feed and related businesses in Nigeria.

The expansion involves investments in setting up poultry and fish feed mills as well as hatcheries to produce day-old-chicks. These investments are consistent with the group’s strategy to selectively invest in prioritised platforms, which includes the Grains platform.

Olam Int'l  2.190 +0.08 +3.79%   
Business: Co is engaged in sourcing, processing, packaging and merchandising agricultural products. [FY17 Turnover] Food staples & packaged foods (37.2%), confectionery & beverage ingredients (31%), edible nuts, spices & vegetable ingredients (17.1%), industrial raw materials, ag logistics & infrastructure (14.7%).

Insight: May-18, 1Q18 revenue rose 8.5% on the back of a 56... Read More


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