June 19, 2013

CSM changes name to Corbion, focuses on biochems

CSM, the parent company of lactic acid producer Purac, announced yesterday its new growth strategy for 2013-2016 starting with a new company name called Corbion. The new name and strategy marks the company's transformation from a bakery ingredients supplier to a leading biobased products provider focusing on biobased food ingredients and biochemicals.

In biochemicals, the company is betting on fermentation-derived, sustainably-sourced chemical building blocks and currently has portfolio on lactic acid and derivatives such as PLA, and bio-succinic acid with its 50/50 Succinity joint venture with BASF. Corbion is targeting 15-20% average organic growth sales for its biochemicals within the 2013-2016 period mostly in the bioplastics area.





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