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

Monday 8 June 2009

Johnson Matthey sees fine chemicals growth

In its year ended 31 March Johnson Matthey saw sales for its Fine Chemicals and Catalysts division grow 15% mostly due to favourable exchange rates. The division's Fine Chemicals businesses, Macfarlan Smith, Pharmaceutical Materials and Services and Research Chemicals which will report as a separate unit next year, contributed £220 (36%) of the division's revenue and 68% of the operating profit. Matthey reported that sales of some products were strong, but manufacturing costs, particularly the cost of energy, rose and that revenue from contract research was adversely affected by the lack of venture capital funding for a number of our smaller customers.
Manufacturing Chemist

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