Minneapolis, Michigan – Biopolymer maker BioAmber has reported a 16% increase in bio-succinic acid sales to $2.7m (EUR1.9m) in 2013 compared to $2.3m during 2012.
During a full year results conference, the company highlighted the growing use of its product Bio-SA in artificial leather production as well as in the production of foam from recycled PET (polyethylene terephthalate) and polyurethane dispersions.
The company also revealed that work at its demonstration facility in Pomacle, France had achieved a 32% reduction in the unit cost of the bio-succinic Bio-SA compared to its cost in the previous year.
The company's accounts reflected poor sales performance in the final quarter of 2013. Total sales amounted to $439,000, compared to $831,000 in the final quarter of 2012.
No one was available from the company to comment on the significant drop in sales for the Q4 period compared to the previous year's final quarter. The company's full year results showed 2013 sales revenues to be higher than 2012's - $2.6m in 2013 compared to $2.2m the year before.
XE Currency Conversion: 17 March
