Borregaard ASA - Company Profile
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Business Description
Borregaard ASA (Borregaard) is a biochemicals company that produces and develops wood-based chemicals using renewable raw materials. Its products are used as binding agents, dispersing agents, crystal growth modifiers, emulsion stabilizers, and complexing agents.
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R&D Overview
Borregaard focuses on innovation and research and development (R&D), which is one of its strategic priorities. It has a leading research center that combines various chemistry disciplines, biotechnology, and microbiology to develop new or improved products, applications, and production technologies. The company focuses on training programs and cooperation between various disciplines to maintain its leading position. Borregaard innovation portfolio primarily consists of projects aimed at increasing the level of specialization when commercialized, with sustainability as a key decision criterion in relation to innovation. The R&D units of Borregaard are located in Sarpsborg, Norway, India, and the US. Each R&D unit represents a center of excellence, with targeted collaboration among customers, universities, and research institutes worldwide. The central R&D in Sarpsborg, Norway, employed 73 people from 9 different countries at year-end 2023. In FY2024, the company incurred an expense of NOK121 million on its R&D, which as a percentage of revenue, stood at 1.6% and decreased 42.7% YoY.
Business Segments
Overview
Develops, produces, and sells specialty cellulose and cellulose fibrils for industrial applications. These products are mainly used as raw materials in the production of cellulose ethers, cellulose acetate, and other specialty products. Serves a wide range of industries, including the food and beverage industry, the fragrance industry, and the construction industry. The materials are used in cellulose fibrils for industrial applications.
Performance
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Overview
Develops, produces, and sells biopolymers and wood-based biovanillin from lignin. Offers ingredients, fine chemicals, and cellulose fibrils, and production of certain chemicals at the Sarpsborg site and corporate functions. These products are used in a wide range of end-market applications and companies, such as agrochemicals, flavor and fragrance, batteries, industrial binders, and construction.
Performance
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Overview
Develops and produces fine chemical intermediates mainly for contrast agents and advanced bioethanol mainly for biofuel. The segment serves the healthcare industry with contrast agents and the energy sector with biofuels.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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