Navigation

Lonza changes focus amid strong growth

Lonza is set to re-focus its business Keystone Archive

The Swiss speciality chemicals and energy group, Lonza, is to re-focus itself as a pure life sciences business. The announcement comes as the group reported net profit growth of 13 per cent last year to SFr309 million ($187.5 million).

This content was published on January 23, 2001 - 10:16

In a statement on Tuesday, Lonza said it aimed to sell off its polymers and energy businesses by the end of the year for a price of SFr1 billion.

"The group has completed assessment of its strategic options and concluded that the future lies in the higher value added life sciences sector," the statement said.

"As a result we will focus exclusively on the development of biotechnology, fine and performance chemicals platforms."

Lonza's chief executive Sergio Marchionne, announced last year that the group would decide whether to remain a traditional speciality chemicals company or to transform itself into a pure life sciences company.

Lonza was spun off from the Algroup last year when the metals and packaging company merged with Alcan.

The company also announced on Tuesday that it expects to improve on its performance of last year over the current financial year.

swissinfo with agencies

Articles in this story

This article was automatically imported from our old content management system. If you see any display errors, please let us know: community-feedback@swissinfo.ch

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI swissinfo.ch certified by the Journalism Trust Initiative

Contributions under this article have been turned off. You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.

Share this story

Change your password

Do you really want to delete your profile?