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PPM doubles exports

PPM doubles exports

CAMBODIA’S Pharma Product Manufacturing (PPM) doubled revenue from overseas sales last year to US$3 million, CEO Hay Ly Eang said Tuesday. “We expect overseas revenues from our products this year will increase 50 percent as we increase our export volume and expand the number of countries we export to,” he said. The company has recently added two new markets – Cameroon and Madagascar – and now ships its products to 15 countries in total. PPM announced in December it planned to reach 30 countries by the end of 2010. The firm exports a number of different pharmaceutical products including antibiotics, cough medicine and mouthwash which it began exporting for the first time in 1997.

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