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Olam a step closer to becoming cocoa bean processing heavyweight with opening of Chicago plant

Commodities

Olam a step closer to becoming cocoa bean processing heavyweight with opening of Chicago plant

Reuters Published on Wed, Feb 07, 2018 / 7:57 AM GMT+8

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NEW YORK (Feb 6): Global commodities trader Olam International is building a cocoa powder manufacturing facility outside Chicago, according to a company spokesman and a local official.

The plant marks the latest step in the transformation of the large Singapore-based cocoa trader into a bean processing heavyweight.

In 2015, Olam scooped up the cocoa assets of rival Archer Daniels Midland for about US$1.2 billion ($1.6 billion). That did not include ADM's US chocolate plants.

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Olam a step closer to becoming cocoa bean processing heavyweight with opening of Chicago plant

Commodities

Olam a step closer to becoming cocoa bean processing heavyweight with opening of Chicago plant

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Olam a step closer to becoming cocoa bean processing heavyweight with opening of Chicago plant

Commodities

Olam a step closer to becoming cocoa bean processing heavyweight with opening of Chicago plant

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