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Lonza reports fall in profits, announces restructuring plans
1:10 PM MDT | July 30, 2013 | Deepti Ramesh
Lonza has recorded a 51.2% fall in net profits for the first half of 2013 compared with the first half of 2012, to 41 million Swiss francs ($44 million). Sales for the first half of 2013 decreased by 11.2%, to SF1.74 billion. Lonza also announced certain measures to restructure its activities. Lonza says that its board of directors, on 24 July, decided to phase down the company’s microbial biologics plant at Hopkinton, MA, which will lead to about two-thirds of the 300 jobs at the site being cut by the end of 2013. Lonza also plans to shut down...
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