The company is shutting down its trading operations, laying off employees in its largest business segment, Ag Services and Oilseeds.
New filling lines from SIG will increase LUBBC’s production capabilities and support the growing demand for aseptic beverage products.
This re-organisation is part of a multi-year transformation that began in January 2020 when Olam announced the restructuring of its diverse operations into three distinct business units.
It incorporates advanced robotic technologies for increased automation features, sourcing 30% of its energy from solar power.
The initiative aims to reshape the country’s recycling landscape by turning waste into valuable resources.