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Lonza 2008 Profits Rise

2:42 AM MST | January 27, 2009 | Deepti Ramesh

Lonza has recorded a 39% rise net profits to SF419 million ($371 million) for 2008, compared to the pervious fiscal, and sales increased by 2.3% to SF2.9 billion. The performance growth was driven by the exclusive synthesis and life science ingredients business, and also by cost and efficiency improvements overall, Lonza says. “Lonza’s mix of life-science products and services contributed to a balanced performance across its businesses. Cost and efficiency improvements achieved through operational excellence programs counteracted most of the effects...

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