In both the specialty ingredients and pharma and biotech segments, Lonza realized its growth targets and achieved a better performance than in the same period of the previous year, according to company executives.
“I’m pleased with the performance of our businesses in the first quarter,” said Richard Ridinger, CEO. “The good results show that we have embarked on the right path with our transformational initiatives, which make us more competitive and more market oriented. We also continue to work diligently on operational improvements and quality initiatives across the company in all regions.”
The specialty ingredients segment had a good start for 2014 with positive overall market demand in most areas. In consumer care the hygiene business had a particularly encouraging start, Ridinger added.
The consumer care segment benefited from a solid performance in home and personal care based on sound demand. During the period, three new products for hair and skin care were successfully introduced. At the same time, the push into disinfecting wipes for consumer retail brands continues as planned, according to Lonza.