News

  11/08/2021 | Ingredients

Corbion celebrates “record sales growth” in preservation category

Corbion is celebrating the highest H1 growth in the Preservation category in its history, according to the company’s 2021 first half-year results. The continued interest in replacing fossil-based and synthetic ingredients allows natural preservation in food solutions to further “gain ground,” hails the company.

Corbion reported net sales of EUR 515.6 m in the first half of 2021, driven by organic net sales growth of 15.5 %. Adjusted Ebitda in the first half of 2021 increased organically by 4.7 % to EUR 77.1 m. Meanwhile, the company’s sales during H1 organically increased by 12.6 %in the Lactic Acid & Specialties business unit, in contrast to the same period of last year.

Developing early-stage initiatives, Corbion plans to bring omega-3 DHA to profitability in 2022. Its three main product categories are: algae-based omega-3, starting with fish feed applications, algae proteins in cooperation with Nestlé, and its new co-polymer platform that expands on its (medical) polymer expertise. Non-core activities comprise emulsifiers, which will have a declining strategic fit in the future and will be managed for value. Corbion reports “good progress” with the development of its natural ferments, mould inhibitors, natural antioxidants and antimicrobial solutions. The company plans to expand natural food preservation and functional systems as its core capabilities.

www.corbion.com