Lonza divests Singapore acid plant to Perstorp

20 November 2007 08:25  [Source: ICIS news]

MUMBAI (ICIS news)--Lonza has divested its Singapore purified isophthalic acid (PIPA) plant for a sum of $138m by selling it to Perstorp to focus on its life sciences operations, it said on Tuesday.

The move was part of the company's strategy following transformational changes to its portfolio implemented last year, the Swiss company said.

"Over 90% of Lonza’s sales now relate directly to the life sciences," the firm said.

Lonza is a leading provider of value chemical and biotech ingredients to the nutrition, hygiene, preservation, agro and personal care markets.

ICIS Copyright © Reed Business Information 2009

Author: Aaron Rodrigues
+65 6780 4359

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.