One-hundred-and-fifty years to the day after its founding
as a small optical shop in Rochester, New York, Bausch
& Lomb, the global eye health company, today launched
a year-long celebration of its 150 years in business by
announcing two major initiatives and ringing the closing
bell at the New York Stock Exchange.
in 1893 by German immigrants John Jacob Bausch and Henry
Lomb, Bausch & Lomb''s heritage in vision care is second
to none. What began as a small shop selling spectacles
and magnifiers imported from Europe is today a global
company with nearly $2 billion in sales, 11,500 employees
and strong franchises in contact lenses and lens care
products and ophthalmic surgical and pharmaceutical products.
India, the company began its operations in 1992, taking
credit for bringing in a revolution in eyecare. Over the
past decade, Bausch & Lomb has demonstrated its innovative
technology and know-how in eyecare by continuously bringing
in revolutionary products in all three areas of eyecare
that it operates in.
vision care, the company has brought in breakthrough new-generation
contact lenses such as Soflens Comfort, ReNu, Pure Vision
and SL66 Torics. High-quality foldable intraocular lenses
such as Akreos & Millenium Microsurgical System have
spearheaded a similar revolution in cataract, while the
state-of-the-art Zyoptix vision correction procedure has
ushered in a new gold standard for surgical vision correction
in the country.
B&L''s ISO 9002 certified manufacturing facility is
perhaps the most advanced eyecare products manufacturing
unit anywhere in the country, with ReNu being manufactured
under a Class 100 sterile facility and contact lenses
by the spin casting process. Apart from this, it has also
set up a Bausch & Lomb International School of Optometry
founders knew that a commitment to constant innovation
was key to building a successful company," says Ronald
L Zarrella, Bausch & Lomb chairman and CEO. "They
understood that being good partners with each other
and with their customers was not just the right
thing to do, but could also be a competitive advantage.
They never forgot that they couldn''t succeed except through
the efforts of their employees. They were dedicated to
perfecting vision and enhancing life150 years ago
and we remain committed to their values today."
Bausch & Lomb story in India is not much different
from that of our parent organisation. Starting on a humble
note a decade ago, Bausch & Lomb today is not only
a leader in most segments it operates in, our brand is
undoubtedly synonymous with innovative technology eyecare
in the country," says J P Singh, managing director,
Bausch & Lomb Eyecare India.
strength of our brand in India is not only a result of
our innovative products and services in Eyecare, but also
due to the emphasis that we lay on strong, intimate relationship
with our customers. To that extent, Bausch & Lomb
continues to find immense value in the principles of partnership
with customers and employees, handed over by the founders,
even today. We believe in total openness and transparency
in our operations," he adds.
& Lomb, in keeping with its long heritage of service
to society, has donated $1 million to the international
organisation Vision 2020 The Right to Sight, a
collaborative effort of the World Health Organisation
and the International Agency for the Prevention of Blindness.
Its goal is to eliminate the main causes of avoidable
blindness by 2020.
& Lomb has proclaimed 29 April 2004 as its global
day of caring. On that day, Bausch & Lomb employees
around the world will participate in charitable and public
service projects as a way to thank their local communities
for supporting the company''s operations.
India, Bausch & Lomb announced a yearlong celebration
of its 150th year with a number of community outreach
programmes that will promote eye health among school and
college students, conduct advanced training workshops
for eyecare specialists and organise events across the
country to promote eyecare awareness. It believes in being
a responsible corporate citizen, by raising the standards
of Eyecare in India, which is home to 25 per cent of the
world''s blind population.
4 pm Eastern time, Bausch & Lomb chairman and CEO
Ron Zarrella will ring the closing bell at the New York
Stock Exchange. Joining him on the podium will be the
leaders in the eyecare professions of ophthalmology and
optometry and Bausch & Lomb employees from around
the world who were chosen as examples of the company''s
dedication to service, professionalism and innovation.
& Lomb is the eye health company, dedicated to perfecting
vision and enhancing life for consumers around the world.
Its core businesses include soft and rigid gas permeable
contact lenses and lens care products, and ophthalmic
surgical and pharmaceutical products. The Bausch &
Lomb name is one of the best-known and most respected
health care brands in the world.
its 150th anniversary in 2003, the company is headquartered
in Rochester, New York. Bausch & Lomb ''s 2002 revenues
were $1.8 billion, it employs approximately 11,500 people
worldwide and its products are available in more than