Related Searches: Tea Vitamin Nutrients Ingredients paper cup packing

Food & Health Ingredients
Health & Nutrition
Processing & Packaging
Starch & Starch Derivatives

Corbion to exit frozen dough market to focus on food preservation

foodprocessing-technology 2020-03-09
Share       

Dutch food ingredient firm Corbion has unveiled plans to exit the frozen dough market.

The company plans to focus on natural food preservation and lactic acid.

Corbion made the announcement at its capital markets day for analysts and investors in Amsterdam.

Corbion CEO Olivier Rigaud said: “Our business and reporting structure will have three business units from now on. Sustainable food solutions: supported by an industry that is rapidly moving towards clean label / natural food solutions we will leverage our strengths in preservation.

“Sustainable food solutions will consist of three segments: preservation, functional systems and single ingredients.

“In the preservation segment, we intend to expand our (natural) preservation solutions from the meat into other markets. In the functional systems segment, we will focus on natural / clean label solutions in bakery and other markets.

“Both segments could be supported by bolt-on mergers and acquisitions (M&A). Emulsifiers will have a declining strategic fit going forward and will be managed for value. Other non-core activities, such as co-packing blending and the frozen dough will be exited.”

The company also aims to capitalise on its leadership in lactic acid business. It plans to build a new lactic acid plant at the existing Corbion site in Rayong Province in Thailand.

Rigaud said: “In our incubator, wher we develop early stage initiatives, we plan to bring omega-3 docosahexaenoic acid (DHA) to profitability in 2022 while we stay committed to investing in initiatives with a longer time horizon.”

In November, Nestlé partnered with Corbion to develop microalgae-based ingredients for plant-based products.

Nestlé agreed to combine its expertise in the development of plant-based products with Corbion’s microalgae and fermentation capabilities. They aim to produce microalgae-based ingredients that are rich in protein and micronutrients.

E-newsletter

Subscribe to our e-newsletter for the latest food ingredients news and trends.

Tags

Recommended Products

Astaxanthin krill oil

Astaxanthin krill oil

POTASSIUM CARBONATE

POTASSIUM CARBONATE

Multi Vitamin Softgel

Multi Vitamin Softgel

Cinnamon .P.E

Cinnamon .P.E

18 Heads MEMORY HOPPER WEIGHER

18 Heads MEMORY HOPPER WEIGHER

Circumrotation Brush Filter (GLC)

Circumrotation Brush Filter (GLC)

VM(Q)500TE Vacuum Packager

VM(Q)500TE Vacuum Packager

Triacontanol90%

Triacontanol90%

Top

SJGLE B2B Website : 中文版 | ChineseCustomer Service: 86-400 610 1188-3 ( Mon-Fri 9: 00-18: 00 BJT)

About Us|Contact Us|Privacy Policy|Intellectual Property Statement

Copyright 2006-2023 Shanghai Sinoexpo Informa Markets International Exhibition Co Ltd (All Rights Reserved). ICP 05034851-121