Corbion

Last updated
Corbion N.V.
FormerlyCSM N.V.
Company type Public
Euronext Amsterdam:  CRBN
Industry
  • Food ingredients
  • Biochemicals
FoundedAugust 21, 1919;105 years ago (1919-08-21)
Headquarters,
Netherlands
Key people
  • Olivier Rigaud (CEO)
  • Peter Kazius (CFO)
Number of employees
2,727 (2013)
Website corbion.com

Corbion N.V., formerly Centrale Suiker Maatschappij (CSM) N.V. (Central Sugar Company in English), is a Dutch food and biochemicals company headquartered in Amsterdam, Netherlands. It produces bioingredient-based foods, chemicals derived from organic acids, and lactic acid based solutions for the food, chemical and pharmaceutical industries. The company was founded on August 21, 1919. [1] [2]

Contents

Centrale Suiker Maatschappij (CSM, 1919-2013)

Foundation

The Centrale Suiker Maatschappij n.v. (CSM) was founded in 1919 for the production and trade of all kinds of sugar. The company was founded on 24 September 1919 as a new holding in which the participants brought in their assets in exchange for shares. On foundation, there were 100 preference shares of 10,000 guileders each. The participating companies took 12,000 regular shares of 1,000 guilders as follows: [3]

Notably people in the combination were: [3]

In business

In 1920 CSM was listed on the Amsterdam Stock Exchange. In capitalization it ranked just after Shell plc, Jurgens, Van den Bergh and Oliefabrieken Insulinde. [4]

From the start business went downhill due to overproduction and falling prices. [4] The merger included the 17 private sugar factories that remained from the 28 that still existed in 1910. By 1935, CSM consisted of: [4]

The parent companies of the new CSM continued to exist. In 1939, CSM and Wester Suiker still produced their own annual reports. [5] After World War II this was known as Administratie Maatschappij Wester Suiker Raffinaderij N.V.

The sugar activities would gradually gain an increasingly smaller share of total company revenue. In mid-2006, CSM announced that it would sell its sugar operations to Royal Cosun, the parent company of Suiker Unie. This company became the only remaining sugar producer in the Netherlands. CSM Suiker then produced approximately 350,000 to 380,000 tons of sugar per year.

Food

From the mid-1970s, the company grew through acquisitions. In June 1978, CSM bought the food division of Koninklijke Scholten-Honig. In 1986 Verenigde Dropfabrieken was acquired. In 1990, Tonnema was bought. [4]

In 2001, the Foods Division was sold, with well-known brands such as Hak, Honig and De Ruijter. In 2005, the Sweets Division was put on sale. With brands such as Venco, Red Band and Sportlife, some €750 million in sales at CSM disappeared.

Bakery products

Over the years, CSM increasingly focused on the market for the food and confectionery industry, with bakery products and food ingredients. The company was a major supplier to Europe and North America. A major acquisition was that of the bakery ingredient division of Unilever in 2000, for €670 million.

In February 2010, CSM announced the acquisition of Best Brands, one of the largest producers of bakery products in the United States. Best Brands achieved sales of $538 million in 2009. After the acquisition, CSM became the market leader in bakery products with a total annual turnover of more than $2.3 billion.

Lactic acid

In the late 1960s, the production of lactic acid from fermented sugar began. CSM was the market leader in lactic acid and lactic acid derivatives such as ingredients and supplements for shelf life extension of food, cosmetic products, solvents, biodegradable plastics, pharmaceuticals and medical applications.

Cosun (2013)

CSM becomes Corbion

In early May 2012, the company had three divisions: CSM Bakery Supplies Europe, CSM Bakery Supplies North America and PURAC (lactic acid and lactic acid derivatives). CSM decided to sell its bakery activities and to focus on growth in the bio-ingredient divisions Purac and Caravan Ingredients. [6] In March 2013, the sale of the bakery activities in Europe and North America to investment company Rhône Capital was announced, for more than €1 billion. Rhône also acquired the brand name CSM. The sale became final on July 3, 2013. CSM changed its name to Corbion. [7] The new company was fully focused on the production of organic food ingredients and biochemicals.

Expanding in lactic acids

The lactic acid division built a lactide factory in Thailand that became operational at the end of 2011, costing €45 million. The lactide made from lactic acid is a raw material for polylactic acid and biodegradable bioplastics.

At the beginning of 2016, Corbion decided to build a PLA factory next to the existing factory in Thailand. Polylactic acid (PLA) is a bioplastic produced from biomass and biodegradables. Corbion then became the second provider in the market alongside the American company Natureworks. In November 2016 Corbion joined forces with Total to develop bioplastics by creating a 50/50 joint venture to produce and market polylactic (PLA) polymers called Total Corbion PLA. Total Corbion PLA announced the start-up of its 75,000 tons per year PLA (Poly Lactic Acid) bioplastics plant in Rayong, Thailand on 3 December 2018. [8]

Algae ingredients

In 2017 Corbion acquired TerraVia (formerly Solazyme), a bioengineering chemical company with a broad and diverse platform centered on biodiesel, ingredients, and branded products derived from microalgae. It produces ingredients such as Omega-3 for animal nutrition and tailored oils, structured fats and proteins for food and biochemical applications. San Francisco-based TerraVia operates an R&D center in San Francisco, and two manufacturing facilities: one in the US and one in Brazil. [9]

On 25 March 2019 Corbion acquired Granotec do Brazil to drive further expansion in food ingredients in Latin America. [10]

See also

Related Research Articles

<span class="mw-page-title-main">Biopolymer</span> Polymer produced by a living organism

Biopolymers are natural polymers produced by the cells of living organisms. Like other polymers, biopolymers consist of monomeric units that are covalently bonded in chains to form larger molecules. There are three main classes of biopolymers, classified according to the monomers used and the structure of the biopolymer formed: polynucleotides, polypeptides, and polysaccharides. The Polynucleotides, RNA and DNA, are long polymers of nucleotides. Polypeptides include proteins and shorter polymers of amino acids; some major examples include collagen, actin, and fibrin. Polysaccharides are linear or branched chains of sugar carbohydrates; examples include starch, cellulose, and alginate. Other examples of biopolymers include natural rubbers, suberin and lignin, cutin and cutan, melanin, and polyhydroxyalkanoates (PHAs).

<span class="mw-page-title-main">Lactic acid</span> Organic acid

Lactic acid is an organic acid. It has the molecular formula C3H6O3. It is white in the solid state and it is miscible with water. When in the dissolved state, it forms a colorless solution. Production includes both artificial synthesis as well as natural sources. Lactic acid is an alpha-hydroxy acid (AHA) due to the presence of a hydroxyl group adjacent to the carboxyl group. It is used as a synthetic intermediate in many organic synthesis industries and in various biochemical industries. The conjugate base of lactic acid is called lactate (or the lactate anion). The name of the derived acyl group is lactoyl.

Ingeo is a range of polylactic acid (PLA) biopolymers owned by NatureWorks. Resinex Group distributes Ingeo in Europe.

<span class="mw-page-title-main">Tate & Lyle</span> British-based multinational agribusiness

Tate & Lyle PLC is a British-headquartered, global supplier of food and beverage products to food and industrial markets. It was originally a sugar refining business, but from the 1970s, it began to diversify, eventually divesting its sugar business in 2010. It specialises in turning raw materials such as corn and tapioca into ingredients that add taste, texture, and nutrients to food and beverages. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

<span class="mw-page-title-main">PLGA</span> Copolymer of varying ratios of polylactic acid and polyglycolic acid

PLGA, PLG, or poly(lactic-co-glycolic) acid is a copolymer which is used in a host of Food and Drug Administration (FDA) approved therapeutic devices, owing to its biodegradability and biocompatibility. PLGA is synthesized by means of ring-opening co-polymerization of two different monomers, the cyclic dimers (1,4-dioxane-2,5-diones) of glycolic acid and lactic acid. Polymers can be synthesized as either random or block copolymers thereby imparting additional polymer properties. Common catalysts used in the preparation of this polymer include tin(II) 2-ethylhexanoate, tin(II) alkoxides, or aluminum isopropoxide. During polymerization, successive monomeric units are linked together in PLGA by ester linkages, thus yielding a linear, aliphatic polyester as a product.

<span class="mw-page-title-main">Polylactic acid</span> Biodegradable polymer

Polylactic acid, also known as poly(lactic acid) or polylactide (PLA), is a plastic material. As a thermoplastic polyester it has the backbone formula (C
3
H
4
O
2
)
n
or [–C(CH
3
)HC(=O)O–]
n
. PLA is formally obtained by condensation of lactic acid C(CH
3
)(OH)HCOOH
with loss of water. It can also be prepared by ring-opening polymerization of lactide [–C(CH
3
)HC(=O)O–]
2
, the cyclic dimer of the basic repeating unit. Often PLA is blended with other polymers. PLA can be biodegradable or long-lasting, depending on the manufacturing process, added additives and copolymers.

<span class="mw-page-title-main">Bioplastic</span> Plastics derived from renewable biomass sources

Bioplastics are plastic materials produced from renewable biomass sources. Historically, bioplastics made from natural materials like shellac or cellulose had been the first plastics. Since the end of the 19th century they have been increasingly superseded by fossil-fuel plastics derived from petroleum or natural gas. Today, in the context of bioeconomy and circular economy, bioplastics are gaining interest again. Conventional petro-based polymers are increasingly blended with bioplastics to manufacture "bio-attributed" or "mass-balanced" plastic products - so the difference between bio- and other plastics might be difficult to define.

Alpha hydroxy carboxylic acids, or α-hydroxy carboxylic acids (AHAs), are a group of carboxylic acids featuring a hydroxy group located one carbon atom away from the acid group. This structural aspect distinguishes them from beta hydroxy acids, where the functional groups are separated by two carbon atoms. Notable AHAs include glycolic acid, lactic acid, mandelic acid, and citric acid.

<span class="mw-page-title-main">Biodegradable plastic</span> Plastics that can be decomposed by the action of living organisms

Biodegradable plastics are plastics that can be decomposed by the action of living organisms, usually microbes, into water, carbon dioxide, and biomass. Biodegradable plastics are commonly produced with renewable raw materials, micro-organisms, petrochemicals, or combinations of all three.

Biodegradable polymers are a special class of polymer that breaks down after its intended purpose by bacterial decomposition process to result in natural byproducts such as gases (CO2, N2), water, biomass, and inorganic salts. These polymers are found both naturally and synthetically made, and largely consist of ester, amide, and ether functional groups. Their properties and breakdown mechanism are determined by their exact structure. These polymers are often synthesized by condensation reactions, ring opening polymerization, and metal catalysts. There are vast examples and applications of biodegradable polymers.

<span class="mw-page-title-main">Potassium lactate</span> Chemical compound

Potassium lactate is a compound with formula KC3H5O3. It is the potassium salt of lactic acid and appears as a clear, hygroscopic, syrupy liquid suspension that is typically 60% solids. The substance can be concentrated to contain up to 78% solids. It is produced by neutralizing lactic acid, which is fermented from a sugar source. It has E number E326.

<span class="mw-page-title-main">Raffinerie Tirlemontoise</span>

Raffinerie Tirlemontoise, a subsidiary of Raffinerie Tirlemontoise Group, is a Belgian sugar producing company. The company whose headquarters is located in Tienen (Belgium) has four business units: sugar activities, Orafti, Surafti and PPE, which together employ more than 1,800 people.

<span class="mw-page-title-main">Danimer Scientific</span>

Danimer Scientific, formerly known as Meredian Holdings Group Inc. and MHG, is a biopolymer manufacturer headquartered in Bainbridge, Georgia.

<span class="mw-page-title-main">Amsterdamsche Stoom Suikerraffinaderij</span> 19th century Dutch sugar refining company

The Amsterdamsche Stoom Suikerraffinaderij was a big Dutch sugar refining company. It produced white sugar by refining raw sugar from sugar cane. The company existed from 1833 to 1875 and was one of the most important industrial companies of Amsterdam.

<span class="mw-page-title-main">Nederlandsche Suikerraffinaderij</span> Sugar refinery in Amsterdam, Netherlands

The Nederlandsche Suikerraffinaderij NV (NSR) was an Amsterdam sugar refining company that refined sugar cane to produce white sugar and other sugar products. After its closure, its main sugar refinery became part of the Amstel Suikerraffinaderij and later was part of the Wester Suikerraffinaderij.

<span class="mw-page-title-main">Eerste Nederlandsche Coöperatieve Beetwortelsuikerfabriek</span>

The Eerste Nederlandsche Coöperatieve Beetwortelsuikerfabriek (CBS) was a company and beet sugar factory in Sas van Gent, Zeelandic Flanders. It processed sugar beet to produce white sugar. The factory operated from 1899 to 1989.

<span class="mw-page-title-main">Wester Suikerraffinaderij</span> Sugar refinery in Netherlands

The Wester Suikerraffinaderij or Wester Sugar Refinery, was a major sugar refinery in Amsterdam founded by the company Wester Suiker-Raffinaderij N.V. The sugar refinery became part of the Centrale Suiker Maatschappij (CSM) in 1919 and was closed down in 1965. The public company Wester Suikerraffinaderij N.V., which held shares in CSM, survived into the 1990s.

<span class="mw-page-title-main">Cosun Beet Company</span> Dutch sugar company

Cosun Beet Company is a part of Royal Cosun. It produces white sugar and other refined sugar products. By acquiring the beet sugar division of Corbion in 2007 and Danisco Sugar GmbH in 2008, Cosun Beet Company became one of the five biggest European producers of sugar from sugar beet.

<span class="mw-page-title-main">Sugar Factory Zeeland</span> Defunct Dutch sugar factory

Sugar Factory Zeeland was a beet sugar factory in Bergen op Zoom, a city and municipality in the North Brabant province in the Southwestern Netherlands. It got its peculiar name when it was sold to the Coöperatieve Beetwortelsuikerfabriek Zeeland, a cooperative of sugar beet farmers from neighboring Zeeland province. The factory was in operation from 1863 to 1929. Some of the imposing factory buildings remain and are protected as industrial heritage. In 2012 a reconstruction started to change the old buildings to a large shopping mall called De Zeeland.

<span class="mw-page-title-main">Halfweg sugar factory</span> Dutch company

The Halfweg sugar factory is a now defunct beet sugar factory previously known as "Suikerfabriek Holland". It closed down in 1992 and was then repurposed to become 'Sugar City', an area with offices, retail shops and an event venue. The terrain measures 11 hectares, and is hemmed in by the Haarlemmerstraatweg (N200), the Ringvaart of the Haarlemmermeer polder, and the wide part of the Ringvaart that leads to the sluices and the former Zijkanaal F. Halfweg village is on the other side of the wide part of the Ringvaart.

References

footnotes

  1. relationshipscience 2018.
  2. Bloomberg 2018.
  3. 1 2 Het Vaderland 21 October 1919.
  4. 1 2 3 4 Volkskrant 1 April 1995.
  5. De Tijd 16 March 1939.
  6. Fif 7 May 2012.
  7. BNNVara 18 June 2013.
  8. "TotalEnergies Corbion".
  9. "Press releases".
  10. "Press releases".

Citations