In Denmark, Novozymes is making organizational changes to drive stronger growth and deliver on its updated corporate strategy, “Better business with biology,” according to their press release. Changes will free up resources which will be made available for reinvestments where they have higher impact, including layoffs for about 280 – 330 employees globally, of which […]
In Denmark, Novozymes announced that EVP and CFO Prisca Havranek-Kosicek was leaving immediately due to “personal reasons” and that Lars Green will join Novozymes A/S as EVP and CFO, with responsibility for Finance, IT, Legal and Investor Relations. This comes on the heels of their first half financial report last week that showed a decline […]
In Denmark, Novozymes is opening a new office in Nairobi, Kenya in order to expand their presence in East Africa and unlock emerging markets for their enzyme technologies. They hope to reach consumers with their biological enzyme solutions that allow detergent producers to develop better and affordable detergents, breweries to be more efficient at producing […]
In Denmark, Novozymes updated their strategy for the three-year period 2020-2022 which focuses on better utilization of Novozymes’ core capabilities, making it possible to better prioritize high-impact pipeline projects, invest in new longer term strategic opportunity areas and drive stronger commercial execution. According to Novozymes, they serve many industries with different customer needs and the […]
In Indiana, Novozymes announced two major launches during the Fuel Ethanol Workshop & Expo (FEW) to continue supporting the growth of the renewable fuel industry. Fortiva is a new alpha-amylase technology that helps customers avoid having to choose between maximizing enzyme performance and operational efficiency. In yeast, Force continues to deliver on the promise to quickly […]
In Finland, Novozymes has experienced a decline of 2% in organic sales in the first five months of 2019. Although this is an improvement compared with the 4% decline reported for the first quarter, the softness in sales, particularly in May, reflects market headwinds. Severe weather in the US Midwest are impacting grain-processing volumes and […]
In Denmark, Reuters reports that this winter’s heaving flooding in the US’s Midwest that knocked out significant ethanol production negatively impacted Novozymes’ Q1 bioenergy-based sales, losses which the company’s CEO doesn’t see as possible to recuperate later in the year. About 13% of the country’s total ethanol production capacity was impacted by the floods. Q1 […]
In India, Novozymes’ VP for biorefining commercial told the Business Standard newspaper that the country’s push towards 2G ethanol will not only help it achieve energy independence, but it will also create jobs in rural areas that are so desperately needed. The country’s biomass surplus is enough to produce 30 billion liters per year but […]
The lucky 13 – with spring comes a sense of renewal and this season these lucky 13 bioeconomy bellwethers recently shared their 2018 and Q4 earnings to reveal uncertainties with trade wars, especially between the U.S. and China, some deals that fell through impacting losses, and pricing issues. But all is not lost as there […]
In France, bioplastics company CARBIOS and its subsidiary CARBIOLICE, signed a co-development agreement with enzyme production leader Novozymes. Under the terms of this global and multi-year agreement, Novozymes will produce on an industrial scale the proprietary enzyme developed by CARBIOS and is committed to becoming, in the long term, exclusive supplier of CARBIOLICE. “This unprecedented […]
