New Full-Function Olenex JV Provides Comprehensive, Integrated Capabilities in Edible Oils and Fats

ADM and Wilmar launch Olenex as full-function joint-ventureNew Olenex to offer comprehensive portfolio of refined vegetable oils and fats along with streamlined sourcing and best-in-class customer serviceROLLE, Switzerland/SINGAPORE, Nov. 14, 2016 – Archer Daniels Midland Company (NYSE: ADM) and Wilmar International Limited (SGX: F34) have completed the transition of Olenex from a marketing and sales partnership to a full-function joint venture with its own assets.As a full-function joint venture, Olenex will leverage the combined capabilities of ADM and Wilmar to serve as a single, integrated solutions provider for customers. It will offer a comprehensive portfolio of oils and fats, from commodities to specialty products, along with unparalleled customer service and innovative solutions to meet customer needs. Customers will also benefit from streamlined sourcing and increased supply efficiency, helping to meet their needs for quality and sustainability.

“We are excited to introduce customers to the new Olenex, and share with them the benefits of an end-to-end supplier of oils and fats,” said Dr. Kai-Uwe Ostheim, general manager, Olenex. “With a great product portfolio and a talented team, the new Olenex is ready from day one to distinguish itself as the partner of choice for our edible oils and fats customers.”

Established in 2012 as a partnership to market refined vegetable oils and fats in Europe, Olenex today owns and operates specialty oils and fats and palm refining plants in Hamburg, Germany, as well as tropical oils processing plants in Brake, Germany and Rotterdam, the Netherlands. In addition to processing, the new joint venture integrates raw materials sourcing, trading, and sales and marketing operations. Olenex will also market refined oils and fats from ADM’s plants in the Czech Republic, Germany, the Netherlands, Poland and the U.K.

For more information about the Olenex portfolio of products and services, contact info@olenex.com.

ADM
Jackie Anderson
media-eu@adm.com
+41 21 702 8400

Wilmar
Ms. LIM Li Chuen (Investor Relations)
+(65) 6507 0592
lim.lichuen@wilmar.com.sg

Ms. Iris Chan (Corporate Communications)
+(65) 6216 0870
iris.chan@wilmar.com.sg