Laurus suffers price pressures from China

Laurus Labs says it has witnessed “significant pricing pressure on our key raw materials from China” in its financial first quarter ended 30 June 2018, and has “started taking initiatives to mitigate the key raw material price risk”. “We are in the process of developing in-house/alternative manufacturing sources for key materials which we are currently sourcing from China,” chief executive officer Satyanarayana Chava stated.