Breaking News

Specialty Ingredients Give Lonza a Lift

July 25, 2013

Arch integration successfully concluded

Although corporate sales fell 11% in the second quarter to $1.8 billion, Lonza executives said there was good news to report in the recently concluded period.

"At the start of the year I announced transformational steps as part of our focus & deliver initiative," said Lonza CEO Richard Ridinger. "Today I am very pleased to report that we have made significant progress in many areas. The successful reorganization of the company which we initiated in the first quarter will help us to move Lonza from a product oriented to a market oriented organization."

According to Lonza, specialty ingredients delivered a good performance, with substantially increased profitability in nearly all subsegments and in total. Positive developments such as the very strong demand for the agrochemical offerings, the good demand for high-performance products as well as the successful conclusion of the Arch integration balanced the significantly lower revenues in the recreational water business where the cold and rainy weather led to a record low in the first six months, after a record high for the same period in the prior year.

blog comments powered by Disqus
  • Patent Update

    Patent Update

    July 28, 2016
    Three-layered hair product from Lauder, palm oil extracts for wrinkle treatment and more in recently awarded patents.

  • Pushin’ the Cushion

    Pushin’ the Cushion

    Christine Esposito, Associate Editor||July 26, 2016
    AmorePacific, the creator of the cushion compact, continues to improve its unique product.

  • Cozy Makes a Splash

    Cozy Makes a Splash

    Melissa Meisel, Associate Editor||July 25, 2016
    Expands reach in CVS and introduces new collection.

  • Sustainability is Omnipresent

    Sustainability is Omnipresent

    Christine Esposito , Associate Editor||July 1, 2016
    Industry stakeholders convene in New York City for Organic Monitor’s annual event

  • Perceived Perfection

    Perceived Perfection

    Christine Esposito, Associate Editor||July 1, 2016
    From primers to pressed powders, facial cosmetics help create the illusion of a flawless complexion.

  • Preserve & Serve

    Preserve & Serve

    Melissa Meisel , Associate Editor||July 1, 2016
    Suppliers with innovative preservatives provide staying power for formulations.