Cosun wants to grow at a faster pace in the development and production of biobased solutions. The cooperative food group has set up the new Cosun Biobased business unit for this purpose. Cosun announced on Thursday 6 April that Geert-Jan Beijering will be appointed director of this division as of 1 July.
Beijering is currently still Global product director at Nouryon and previously held various management positions at AkzoNobel. Nouryon, which develops and sells ingredients and applications for paper, pharmaceuticals, personal care and building materials, among others, was spun off from AkzoNobel in 2018. Cosun has the ambition to grow rapidly in biobased solutions. Cosun Biobased is already active in Home Care and Personal Care and wants to further accelerate this growth. Other plant-based opportunities will also be explored, the company reports in a statement.
The ingredients of these products are developed from, among other things, residual flows of sugar beet (photo). Beijing's knowledge and network in these markets should contribute to this accelerated growth. In its Unlock 25 strategy presented last year, Cosun focuses on profitable growth in vegetable proteins, dietary fibers and biobased raw materials.
© DCA Market Intelligence. This market information is subject to copyright. It is not permitted to reproduce, distribute, disseminate or make the content available to third parties for compensation, in any form, without the express written permission of DCA Market Intelligence.