News & Videos - CORBION - English - Page 2

Corbion has published its agenda for the upcoming Annual General Meeting of Shareholders (AGM) to be held on 15 May 2024 . The full AGM agenda together with explanatory notes is available on Corbion's website under Investor relations --> Shareholder information --> Shareholder meetings. Attachment Press release AGM_agenda_2024...

Corbion, a leading global ingredient solutions provider, and Kingswood Capital Management, LP (“Kingswood”), a middle-market private equity firm with significant experience in corporate carve-outs have completed the earlier announced sale of Corbion's emulsifiers business. Based in Los Angeles, Kingswood acquired the emulsifier business from Corbion for a cash purchase price of $362M, with expected net cash proceeds of approximately $275M, post tax and transaction costs. The transaction...

Corbion announced today that the Supervisory Board has nominated Peter Kazius to succeed Eddy van Rhede van der Kloot as CFO of Corbion. Upon his appointment at the annual general meeting of shareholders (AGM) on 15 May 2024, Peter Kazius and Olivier Rigaud, Chief Executive Officer (CEO), will form Corbion’s Board of Management. Eddy van Rhede van der Kloot has been CFO and member of Corbion’s Board of Management and Executive Committee since 2014. He will hand over his responsibilities...

Corbion, the Amsterdam-listed sustainable ingredients company that champions preservation through application of science, today publishes its results for the year ending 31 December 2023. Key highlights annual results 2023: Sales € 1,443.8 million; an organic increase of 1.2% Adjusted EBITDA € 191.8 million; an organic increase of 10.3% Operating profit € 117.2 million; an organic increase of 20.8% Organic growth core activities: Sales 3.0% & Adjusted EBITDA 16.2% Q4 2023: Sales € 352.8...

Transparency and action on the part of the global ingredient supplier continue to contribute to the mitigation of climate change, earning an A- score in the most recent assessment by the world's leading authority on environmental reporting. Corbion is continuing to play a leading role in advancing corporate sustainability, according to the most recent assessment by global environmental non-profit CDP. Following a review of data submitted by Corbion in response to CDP’s 2023 climate change,...

During its Capital Markets Update for analysts and investors in Amsterdam today, Corbion management will present a review of the ‘Advance 2025’ strategy development and introduce updated targets for the 2024-2025 period. Key highlights Key financial metrics for 2023 in line with guidance 1 Emulsifier business divested (closing anticipated in Q2) EBITDA growth rate outlook for ‘24/’25 reconfirmed Restructuring program in place to deliver significant Free Cash Flow in ‘24/’25 (> €...

Corbion and Kingswood Capital Management announce agreement in divestiture of emulsifiers business Corbion, a leading global ingredient solutions provider, and Kingswood Capital Management, LP (“Kingswood”), a middle-market private equity firm with significant experience in corporate carve-outs and investments related to food and beverage, have signed a binding agreement regarding the sale of Corbion's emulsifiers business. The sale, which is contingent upon the satisfaction of certain...

Corbion, the Amsterdam-listed sustainable ingredients company, today announced the mechanical completion of its new circular lactic acid manufacturing plant in Rayong, Thailand, consistent with the timeline previously disclosed. Lactic acid produced by this first-of-its-kind facility will have the lowest associated carbon footprint compared to any manufacturing technologies currently used. The recycling of processing chemicals eliminates the use of lime and, subsequently, the formation of gypsum...

Corbion, the Amsterdam-listed sustainable ingredients company dedicated to preserving what matters, specializing in lactic acid, lactic acid derivatives, food preservation solutions, functional blends, and algae ingredients, today issued the following statement regarding public statements made by Inclusive Capital Partners, L.P. (“Inclusive”): The Supervisory Board and Management of Corbion value open dialogue with shareholders and welcome their constructive input. We have engaged, and will...

Corbion, the Amsterdam-listed sustainable ingredients company that champions preservation through the application of science, today publishes its results for the first nine months of 2023. Key highlights first nine months 2023: Sales € 1,091.0 million; an organic increase of 2.6% Adjusted EBITDA € 142.8 million; an organic increase of 7.1% Operating profit € 75.9 million; an organic growth of 0.2% Organic growth core activities: Sales 4.2% & Adjusted EBITDA 12.3% Q3 2023: Sales € 353.0...

DATE September 26, 2023 Corbion launches AlgaPrime™ DHA P3, addressing the demand for sustainable active nutrition in the pet food industry AlgaPrime™ DHA P3 offers pet food manufacturers higher levels of DHA while reducing dependency on scarce traditional omega-3 sources . Corbion , the global market leader in algae-based feed ingredients, announced today the launch of its new AlgaPrime™ DHA P3, a high-performance omega-3 ingredient enabling pet food manufacturers to enhance the...

Corbion, the Amsterdam-listed sustainable ingredients company that champions preservation through application of science, today publishes its results for the first half ending 30 June 2023. Key highlights first half 202 3 : Sales € 738.0 million; an increase of 7.4%, of which organic 6.7% Adjusted EBITDA € 96.8 million; an increase of 7.7%, of which organic 13.3% Operating profit € 53.6 million; a decline of 9.3% due to last year’s book profit of € 9.3 million related to the sale of a...

The Corbion General Shareholders Meeting held on 17 May 2023 approved the reappointment of Mathieu Vrijsen and Liz Doherty as members of the Supervisory Board. Olivier Rigaud was reappointed as CEO, his contract of assignment will be extended for an additional period of 4 years (May 2023 - May 2027). At the shareholders meeting the proposed dividend of € 0.56 per ordinary share for the financial year 2022 was also approved. Dividends will be all-cash and will in principle be subject to Dutch...

Expanded, upgraded lab facility will help meet growing demand for the technical, R&D, and product development support needed to capitalize on emerging market opportunities. Global ingredient supplier and preservation solutions leader Corbion is taking on a greater number of collaborative projects with customers in the European meat industry, thanks to newly renovated lab facilities in Gorinchem, The Netherlands, a key R&D and production site for the company. The upgrade provides additional space...

Danimer Scientific, Inc. (NYSE: DNMR) (“Danimer” or the “Company”) and TotalEnergies Corbion , both leading bioplastics companies focused on the development and production of biodegradable materials, today announced that they have developed a new compostable coffee pod biopolymer that is in compliance with proposed EU packaging regulations. The EU recently announced a proposal requiring plastic packaging such as tea bags, coffee pods, very light plastic bags and sticky labels for fruit...

Corbion announces the appointment of Jennifer Lindsey as Chief Marketing and Digital Officer and member of the Executive Committee. With the creation of this new Executive Committee role, Corbion will focus on enhancing its brand relevance and accelerating its digital transformation. The role will partner with the three business units, connecting the market to the end customer using market research and insights, digital experience, innovation partnership and communications. CEO Olivier Rigaud...

During its Capital Markets Day for analysts and investors in Amsterdam today, Corbion management will present a n update of the ‘ Advance 2025 ’ strategy progress and introduce updated targets for the 2023-2025 period. Through o ur purpose ‘ Preserve what matters ’, sustainability continues to be at the forefront in all our decision-making . Key highlights of the event will include: Significant progress made in delivering ‘Advance 2025’ Creation of Algae Ingredients as a new business...

Corbion’ s Supervisory Board announces it has nominated Olivier Rigaud for re-appointment as C E O and C hair of the Board of Management for a second term of office . Olivier Rigaud was appointed in 2019 and his current term of office runs from August 2019 to May 2023. Chair of the Supervisory Board Mathieu Vrijsen said: "The Supervisory Board is very pleased that Olivier is willing to extend his contract of assignment with Corbion for a second four-year term (May 2023 - May 2027). Since 2019,...

Corbion reported net sales of € 320.1 million in the first quarter of 2022, driven by organic net sales growth of 20.2 % and positive currency effects . Adjusted EBITDA de creased by 8 .9 % to € 40.0 million . “Following last year’s unprecedented increases in input costs, our necessary pricing initiatives are beginning to bear fruit. Price increases are clearly reflected in our higher organic net sales growth. Profit margins are recovering from the lows in the second half of 2021. Given...

Corbion’s Supervisory Board announces it has nominated William Lin for appointment to the Supervisory Board for a term of four years as of the Annual General Meeting of Shareholders (AGM) in May 2022. Mr. Lin (who has United States of America nationality) brings extensive global business and operational experience, expertise in sustainability, and knowledge of Asian markets. Mr. Lin has worked for BP for 26 years and is currently Executive Vice President for Regions, Cities & Solutions and a...