The Diplomatic Society

 
  • Increase font size
  • Default font size
  • Decrease font size
South Africa’s Aspen Pharmacare launches in the Philippines
 

Pictured during the launch of Aspen Philippines (l-r): Dr. Fernando de Castro, Medical Director, Aspen Philippines, Inc.; Dr. Norma Ona, Hematologist, Vicente R. Potenciano Medical Center; Senator Edgardo Angara, Vice-Chair, Senate Committee on Health & Demography; H.E. Agnes Nyamande-Pitso, South African Ambassador to the Philippines; Mr. Greg Lan, Chief Executive Officer, Aspen Australia; Ms. Ace Itchon, President and CEO, Aspen Philippines, Inc.; Mr. Trevor Ziman, Deputy CEO, Aspen Australia; Mr. Keith Iu, Director Asian Markets, Aspen Asia Ltd.; Dr. Elmer Punzalan, Assistant Secretary, Department of Health; and Mr. Anthony Weymouth, Senior Trade Commissioner, Australian Trade Commission, Manila.


It is official, Aspen Pharmacare has entered the Philippines (PH)  market. South African Ambassador Agnes Nyamande-Pitso attended the launch on Wednesday, 28 March 2012, at Peninsula Hotel. Other dignitaries included Aspen Philippines Inc. President and CEO, Ms. Ace Itchon; Senator Edgardo Angara, Vice Chairman, Senate Committee on Health and Demography; and Dr. Elmer Punzalan, Assistant Secretary, Department of Health.

Aspen Pharmacare Holdings Ltd. supplies branded and generic medicine in about 100 countries and has now included the Philippine in its global operations.  The company was established in October 2011 in Bonifacio Global City in Metro Manila with only four employees and an initial investment of P300 million (approximately R57 million).  However, business operations only commenced in January 2012 and currently the company has employed about 100 Filipinos and plans to double its business volume to P1 billion (R182 million) by the end of 2013.

Aspen’s entry into the PH market is strategic in that the company can also tap into the Asian Health market, which is one of the biggest in the world.  Currently Aspen has 18 manufacturing facilities in seven countries including South Africa. The company intends to source some of the products directly from their manufacturing plant in Port Elizabeth. This translates to more and secured jobs for South Africans as the company grows globally.      

This launch follows closely on Gold Fields’ recent announcement that it has acquired a 40 % stake in Far Southeast mining project (Benguet area in northern Philippines).  It is thus encouraging to note that South African companies are now venturing into the Philippines which is a lucrative market for growth.
 


 
 
 
 
 
 
 
_________________________________________________

August 2017 Edition

 
 
_________________________________________________

Translater


 
 
 
 
 
 
 
 
 

Doing Business in Sri Lanka The High Commission of Sri Lanka in Pretoria in partnership with the Johannesburg Chamber of Commerce and Industry (JCCI) organized a trade and investment promotion... <|> Daesh defeated Daesh, the extremist group that occupied the city of Mosul in Iraq has been defeated, said Ambassador Dr Saad Jawad Kindeel of Iraq to South Africa at a press conference held at the... <|> 65th National Day of the Arab Republic of Egypt 4 August 2017 H.E. Ambassador Sherif Issa and Madame Dina Zeidan hosted a reception on the occasion of the 65th National Day of the Arab Republic of... <|> Vietnam Cuisine Week Ambassador Vu Van Dzung of Vietnam in South Africa hosted the opening of the Vietnam Cuisine Week at Saigon Restaurant in Rivonia, Johannesburg. The Embassy of Vietnam is... <|> Easing travel regulations between South Africa and Kenya 3 May 2016 South Africa and Kenya have announced measures that will make travelling between the two countries easier. South African Home... <|> The story of Diamond Lakes and the legendary Pienaar’s Pothole The story of Diamond Lakes and the legendary Pienaar’s Pothole is what intrigued Dr Navin Naidoo to go into the world of Diamonds... <|> The United Nations stands with South Africa’s women 9 August 2017 Pretoria, South Africa: The United Nations in South Africa extends its warm wishes to the women of South Africa on the... <|> UAE Embassy Women's Day initiative The staff at the Embassy of the United Arab Emirates in South Africa visited the Youth for Survival shelter on Women's Day and donated goods. The donation included... <|> H.E. Ambassador-Designate Lin Songtian arrives in SA Speaking to the press upon his arrival at O.R Tambo International Airport, Johannesburg, Ambassador–Designate Lin Songtian said he is back in... <|> Independence Day of Bolivia 6 August 2017 Bolivia signed its declaration of independence on August 6, 1825 and marked the first Independence Day for Bolivia. On Sunday, the Bolivian community... <|>
© copyright 2011-2017| The Diplomatic Society| All Rights Reserved.