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22.11.2007 Business & Finance

Olam wins stevie award

By Daily Graphic
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OLAM International, the renowned global leader in the supply chain management of agricultural products and food ingredients, became the proud winner of the Stevie Award for the 'Best Investor Relations Programme' at this year's International Business Awards in the United States.

The prestigious international business awards, acclaimed as the business world's equivalent of the Oscars, annually confers Stevie Awards on companies of all types and sizes and the key players behind their successes, recognising their outstanding performance at their workplaces and general operations.

Olam International operates an integrated end-to-end supply chain solution, sourcing such product varieties as cocoa, cashew, coffee, teakwood, sheanuts, rice, sesame and other food ingredients from over 12,000 collection points in some 52 countries.

It exports to more than 55 destination markets around the world. Besides the high profile recognition at the 2007 International Business Awards, Olam International has crowned what is clearly a very successful business year (2006-2007) with a chain of honours and acknowledgements from its own backyard.

In July, Olam made its way onto International Enterprise's highly competitive top 10 ranking for the most- globalised companies at the 2007 Annual Singapore International 100 Ranking.

Earlier this year, Olam also received three prestigious honours at the Singapore Corporate Awards 2007 – a 'Silver' award for the Best Managed Board, a 'Gold' for the Best Annual Report award and 'Bronze' for the Best Investor relations award.

The Singapore Corporate Awards scheme, organised annually by the Business Times and actively supported by the Singapore Stock Exchange, recognises companies for distinction in their operations and for setting exemplary standards and practice in corporate governance and communication to shareholders.

In Ghana, Olam was the first international company to be registered as a Licensed Buying Company by the Cocoa Board in 1989, but operates a largely non-traditional product portfolio, which includes sheanut, cashew and cotton.

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