Corbion Purac Will Accelerate Its Thrust Into The Biotechnology Arena Making The Next Step In The Bioplastics Value Chain By Becoming A Pla Producer With Entry Into Pla Corbion Purac Intends To Bring New Biodegradable Solutions To The Plastics Industry And Increase Global Pla Production Capacity By A Further 75 Ktpathis Announcement Forms A Part Of Corbionrsquos Updated Strategic Direction For 2015 Ndash 2018 Tjerk De Ruiter Ceo Of Corbion Comments Ldquoas Part Of Our Strategic Review We Confirmed There Is An Attractive Demand Outlook For Pla Albeit At A Lower Growth Pace Than Previously Assumed Given Our Strong Position In Lactic Acid Our Unique High Heat Technology And The Market Need For A Second Pla Producer We Plan To Forward Integrate In The Bioplastics Value Chain From Being A Lactide Provider To A Pla Producerrdquocorbion Intends To Invest In A 75 Ktpa Pla Plant Estimated Eur 60 Million Capex In Thailand Ldquowe Will Only Commence With This Investment If We Can Secure At Least Onethird Of Plant Capacity In Committed Pla Volumes From Customersrdquo States De Ruiter Corbion Will Also Continue Exploring Strategic Alliances As Part Of Their Pla Growth Strategy In Order To Enhance The Business Opportunities While Mitigating The Associated Riskscorbion Purac Will Continue Selling Lactides To Both Existing And New Pla Polymerization Customers Lactide Sales For The Coatings And Adhesives Markets Will Also Continue Many Of Corbionrsquos Existing Polymerization Customers Have Already Successfully Built A Strong Local Presence And Distribution Channel With Great Market Coverage Worldwide Pla Capacity Is Almost Sold Out And With The Pla Market Expected To Grow To 600 Ktpa By 2025 The Market Is Seeking Additional Pla Supplierstjerk De Ruiter Ceo Of Corbionphoto Corbion Pr009for More Information Please Contactpress Nbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbsp Julia Lovett Marketing Communications Manager Bioplasticsnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbsp T 31 0183 695 695nbsp Enbsp Jlovettcorbioncomanalysts And Investorsnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbsp Jeroen Van Harten Director Investor Relationsnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbsp T 31 020 5906293 M 3106 21 577 086 E Jeroenvanhartencorbioncompress Agency Nbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbsp Inka Finne Marketing Solutionsnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbsp T 31 0164 317 019 E Ifinnemarketingsolutionsbebackground Informationabout Corbioncorbion Biobased Solutions Designed By Science Powered By Nature And Delivered Through Dedicationcorbion Is The Global Market Leader In Lactic Acid Lactic Acid Derivatives And Lactides And A Leading Company In Functional Blends Containing Enzymes Emulsifiers Minerals And Vitamins The Company Delivers High Performance Biobased Products Made From Renewable Resources And Applied In Global Markets Such As Bakery Meat Pharmaceuticals And Medical Devices Home And Personal Care Packaging Automotive And Coating Resins Its Products Have A Differentiating Functionality In All Kinds Of Consumer Products Worldwidein 2013 Corbion Generated Annual Sales Of Euro7436 Million And Had A Workforce Of 1885 Employeescorbion Is Listed On Nyse Euronext Amsterdam For More Information Wwwcorbioncomthis Press Release And Relevant Photography Can Be Downloaded From Wwwpressreleasefindercomalternatively For Very High Resolution Pictures Please Contact Inka Finneifinnemarketingsolutionsbe 31 164 317 019
