Olam Food Ingredients (OFI)

Olam Food Ingredients, commonly referred to as OFI, is a prominent entity in the global dairy market. Based in Singapore, OFI is strategically positioned to support its global operations and market outreach. The company is recognized as a key competitor to industry leaders such as Fonterra, actively contributing to the competitive landscape for milk supply and challenging established processors in the industry.

Company Location

Olam Food Ingredients is headquartered in Singapore. This strategic location plays a pivotal role in supporting its global operations and expanding market outreach.

Important Company Events

A significant development for OFI is the expansion of its Tokoroa facility in New Zealand. This expansion includes adding a second dryer, which is aimed at enhancing production capabilities. This move is part of OFI's broader strategy to strengthen its position in the dairy market by investing in advanced dairy processing technologies.

OFI is also conducting trials on the use of almond hulls and shells as feed for dairy cows. These trials have been conducted on supplier farms near Tokoroa in South Waikato for two seasons. The purpose of the trials is to evaluate whether the repurposed feed can reduce methane emissions, support milk yields, and lower input costs. As part of these trials, OFI plans to supplement the feed with Agolin Ruminant to further reduce methane emissions and improve feed-conversion rates.

Company Plans

OFI intends to develop higher-value ingredients and nutrition products. The company retains flexibility to respond to market conditions, which is integral to its strategy of enhancing its market position through innovation and strategic investments.