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Strengthening Currency and Raw Material Costs Continue to Impact Lonza's Results

7:57 AM MDT | October 28, 2011 | Deepti Ramesh

Lonza, in its business update announcement for the third quarter of 2011, says that the company’s good operating performance continued with capacity utilization remaining at good levels and project pipelines increasing in key areas of its business, particularly in chemicals. This underlying growth has however “been masked by the strength of the Swiss franc and the impact of higher raw material costs which take time to pass onto customers,” Lonza says. Further measures have been taken in Switzerland to improve productivity to help offset the...

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