Corbion Dividend 2024

Corbion N.V., is a company engaged in the manufacture and marketing of processed foods based on bioingredients and biochemicals from lactic acid and organic acids, with customers in the chemical, food and pharmaceutical industries.

It was founded as a holding company for several companies, in 1919 as La Centrale Suiker Maatschappij nv (CSM), with the purpose of producing various types of sugar, starting to be listed on the stock exchange a year later, however, the business was not profitable in the beginning, so that of the 28 initial factories only 17 remained, decreasing by 1935 to 7, although most of the parent companies continued to exist.

Since 1970 they acquire several companies dedicated to the production of food, bakery and lactic acid, selling the operations in sugars in 2006, in 2013 it becomes Corbion after acquiring the bakery brand CSM, which owned at that time three divisions Bakery Supplies one in Europe and another in North America and PURAC, focusing entirely on the creation and marketing of biochemical products and organic food.

In addition to this, in 2016 they opened a polylactic acid factory affiliating with Total thereby creating Total Corbion PLA which commercializes such polymers, coupled with this in 2017 they acquired TerraVia thus extending its operations to the United States and Brazil, taking advantage of the platform of the organization to extract ingredients such as Omega 3 and structured fats.