ADM and Wilmar establish Olenex CV

Archer Daniels Midland Company and Wilmar International intend to officially launch Olenex CV, a joint venture for the sale and marketing of refined vegetable oils and fats to the European Economic Area (EEA) and Switzerland, in mid-November 2012.

Headquartered in Rolle, Switzerland, Olenex will offer an extensive range of high quality products, including standard refined oils as well as confectionery fats and fats for ice cream.

To help customers optimise their supply chain and better meet the needs of their consumers, Olenex will also offer enhanced technical support, improved logistical capabilities, and in-depth market intelligence.

“This joint venture allows us to leverage the sales and marketing expertise and the existing production facilities of both ADM and Wilmar to provide exceptional products and services to our customers in EEA and Switzerland,” saya Martin Kropp, managing director of oils and fats, Europe, for ADM and a member of the Olenex board of directors.

“Olenex customers will benefit from a world class oil business marketed by a single, expert team, and we are proud to establish this joint venture with ADM,” says Napoleon Pefianco, managing director, Europe, for Wilmar and a member of the Olenex board of directors.

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