CSM improved EBITA substantially despite the recessionary environment. The effects of lower sales volumes have been compensated by cost savings, recovery of margins through lower cost of raw materials and continued improvements in operational efficiencies.
CSM's subsidiary Purac signed today a research contract to participate in the research program of BE-Basic; a consortium of international knowledge institutes, the Dutch government, global industry and financial partners. The research program aims at developing an economy based on renewable resources.. Purac is a partner in this consortium as it develops new sustainable building blocks for the chemical industry.
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