Corbion NV - Company Profile
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Business Description
Corbion nv(Corbion) is a manufacturer and supplier of food and industrial ingredient solutions.
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R&D Overview
R&D focuses on supporting the accelerated execution of the company’s strategy Advance 2025. Corbion works with a global network of partners for original biobased applications and innovations that meet customer and market needs. The company is focused on spending around 4% of net sales on its 2020-2025 R&D projects. Its R&D strategies include expansion of portfolio to strengthen market leadership in sustainable food preservation; development of new functional systems building on applications, enzymes and industry knowledge; continuing sustainable process improvements to maintain lactic acid leadership; driving development of new lactic acid derivatives including encapsulation and controlled release; increasing support for fast-growing medical polymers business; and improving omega-3 cost position and protein portfolio. The company has also initiated R&D programs for identifying new technologies for enhancing the productivity and sustainability of manufacturing facilities. It is focused on innovations in electrification, recycling and low-carbon energy sources. In FY2022, the company incurred an expenditure of EUR47.2 million on R&D, which as a percentage of revenue stood at 3.2%.
Business Segments
Overview
Provides nutrients from algae that are beneficial to both human and animal diets, like long-chain omega-3.
Performance
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Overview
It comprises biochemicals, biomaterials and Total Corbion PLA, the joint venture with Total Energies for the production and marketing of PLA bioplastics (polylactic acid polymers). Offers biochemicals such as lactic acid, lactate salts, esters, and other specialties. Provides biochemical solutions for industries such as chemicals, electronic components, pharmaceuticals, home and personal care products, and animal health. Biomaterials focuses on resorbable polymers for medical applications enabling the controlled release of actives, patient-friendly orthopedic devices and others. Deems capitalizing on its leadership position in the market and technology in lactic acid and lactic acid derivatives as a growth driver for the segment.
Performance
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Overview
Non-core activities comprise emulsifiers.
Performance
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Overview
It comprises preservation, functional systems, and single ingredients solutions. Supplies food ingredient solutions for food manufacturers. Provides food solutions for bakery, beverages, dairy, emulsifiers, poultry, fruits and vegetables, seafood, meat, oils, shortening and margarine, savory snacks, sauces dressing, refrigerated food and confectionery businesses under the brand names Ultra Fresh, Ultra Fresh Sweet, Alga Via, Nutrivan, Purac, Starplex, BFP, Verdad, Thrive and PuraQ Considers expansion of its solutions business with natural food preservation and functional systems as its core capabilities to accelerate growth in close adjacencies.
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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Performance
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