Corbion is a leading provider of sustainable ingredient solutions for food and biochemicals
Corbion is the global market leader in lactic acid and lactic acid derivatives, and a leading company in emulsifiers, functional enzyme blends, minerals, vitamins, and algae ingredients. We develop sustainable ingredient solutions to improve the quality of life for people today and for future generations. For over 100 years, we have been committed to safety, quality, innovation, and performance. Drawing on our deep application and product knowledge, we work side by side with customers to make our cutting-edge technologies work for them.
In manufacturing we have a long history of excellence in sustainable and resource-efficient production processes across four key areas: fermentation into organic acids and algae products, polymers, emulsifiers, and bakery blends.
Corbion’s strategy and all aspects of our operations are built around advancing sustainability underpinned by high ethical standards, whether this relates to the management of our global supply chain, responsible procurement of our raw materials, or the safety and well-being of our people.
In 2019, Corbion generated annual sales of € 976.4 million and had a workforce of 2,138 FTE. Corbion is listed on Euronext Amsterdam.
Two lines of business
At Corbion we distinguish between two lines of business, each with a different set of characteristics: Ingredient Solutions and Innovation Platforms. These business units are supported company-wide by globally managed R&D, operations, and business support functions.
Our Ingredient Solutions business unit focuses on our core business: ingredients and solutions for food and biochemicals.
We are a global supplier of food ingredient solutions for leading food manufacturers. We strive to be the leader in keeping food tasty, fresh, and safe from date of production to day of consumption.
With our proven food solutions, we enable our customers to make conscious choices that grow their business in a sustainable way, reducing food waste, and creating affordable products (in the bakery, meat, beverage, confectionery, and dairy markets) that people love and can safely enjoy with their friends and family, just as we enjoy them with ours.
The inherent safety, sustainability, and performance of our products is what sets us apart, driven by a passion for finding better solutions and new opportunities for our customers. Our continuous focus on sustainable practices, our use of renewable feedstocks, and our rich heritage in lactic acid form the foundation for our biochemical applications in a wide array of industries, encompassing (agro)chemicals, resin adhesives, electronic components, pharmaceuticals, home & personal care products, and animal health & nutrition. We are constantly exploring opportunities to bring the benefits of our products and solutions to our customer's applications.
Through our Innovation Platforms business unit, we develop new business platforms to deliver long-term value, applying disruptive technologies built on decades of experience in fermentation and industrial-scale manufacturing. Collaborating with like-minded partners we support our customers to make conscious choices, so they can create better, more sustainable products, based on renewable resources. We believe in a circular economy, where our innovations can help improve quality of life – both today and for future generations.
Total Corbion PLA bv, our 50/50 joint venture with Total for the production and marketing of poly lactic acid (PLA) polymers and lactide monomers for bioplastic solutions, is functionally part of Innovation Platforms.
The business unit also comprises our Algae Ingredients business and our longer-term development programs such as FDCA, a biobased building block with unique properties in (bio)polymers and a potential replacement for purified terephthalic acid (PTA), our gypsum-free lactic acid production process, and use of alternative feedstocks such as agricultural residues, to make lactic acid.
Note: this annual report is based on the Creating Sustainable Growth 2018-2021 strategy and related business segmentation. On 9 March 2020, Corbion will announce its updated strategy for 2020-2025, including a revised business segmentation.
Our global presence
We market our products through a worldwide network of sales offices and distributors and have a global supply chain with manufacturing facilities in the US, Thailand, Brazil, the Netherlands, and Spain. Our innovation centers are located across the globe and our headquarters is based in the Netherlands.