NEWS AND VIEWS FROM THE PHARMACEUTICAL FINE CHEMICAL AND CUSTOM MANUFACTURING SECTOR

Sunday 27 July 2008

Lonza predicts weaker H2, expands Hopkinton site

Lonza reported a 83% rise in first-half net profit boosted by the sale of its stake in Polynt SpA. However the company said underlying performance was "on track despite currency and raw material challenges". Lonza ceo Stefan Borgas said the company will have a "weaker" second half than the first as a number of biopharmaceuticals customers have postponed projects until next year. Lonza is adding a state-of-the-art, high-titer 2000L microbial fermentation manufacturing train in Hopkinton, MA. The plant, which is due onstream in March 2009, will meet customer demand for mid-scale microbial manufacturing.
Reuters
Bloomberg
Lonza

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