Lonza reports strong year

Lonza reported a net income rise of 39% to CHF419m in 2008. Stafan Borgas, Lonza CEO, said the company saw solid demand overall and an increased trend towards outsourcing. The company's Exclusive Synthesis saw strong sales growth especially in samll molecules. The Biopharmaceuticals business was stable despite some project postponements. Borgas said the company was looking for some small to mid-sized acquisitions for its bioscience business in 2009 and that it was in advanced negotiations for a number of new custom manufacturing deals.
Reuters
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