Logo of Phnom Penh Post newspaper Phnom Penh Post - Cambodia’s pioneer drug-maker PPM eyes domestic expansion and increase in exports




Cambodia’s pioneer drug-maker PPM eyes domestic expansion and increase in exports

Content image - Phnom Penh Post
PPM now prides itself as one of the leading pharmaceutical companies in Cambodia after 60 years in the business. Photo supplied

Cambodia’s pioneer drug-maker PPM eyes domestic expansion and increase in exports

After six decades of building a strong brand reputation in the pharmaceutical business, Pharma Product Manufacturing Co., LTd. (PPM) plans to increase its domestic market share and widen its exports to new countries.

PPM, which established its name in Cambodia with the production of Kinal, the nation’s first paracetamol tablet in 1960, currently exports from painkillers to health supplements to mostly French-speaking African states, Southeast Asia and Europe.

Kinal was the first Cambodian produced medicine by pharmacist Dr Kok Sokhim.

“At the moment, our local market sales are about five per cent and we want to increase the numbers. We want our local products to be more popular. Demand for medicines will continue to increase in Cambodia.

“It will be good to have over 10 per cent domestic market share. Pharmaceutical manufacturers not only create jobs and contribute to local economy, but also help in the development of human resources,” said PPM CEO Hay Ly Eang.

Content image - Phnom Penh Post
Eang wants to turn Cambodia’s pharmaceutical sector into a dynamic industry. Photo supplied

According to industry observers, Cambodia imports at least 90 per cent of its medicines worth nearly $300 million annually.

The private sector imports about $200 million worth of drugs per year, while the government spends $100 million on medicine imports annually.

Most of the imports come from drug manufacturers such as – France, India, Russia, China, Vietnam and Thailand.

Besides Kinal, the drug-maker has also developed a wide range of products - vitamins, nutritions and antibiotics that are now sold across the nation.

Content image - Phnom Penh Post
Kinal is PPM’s top selling drug, especially in African markets. Photo supplied

“After 60 years, we are standing firm and our sales are progressing. We have aslo increased our products to meet the market demands. We continue to strengthen our development as well as expanding our markets.

“Kinal is not only successful locally, but recognised internationally. In fact, Kinal is one of the best-selling medicines among our export products, especially in Africa,” he added.

With 400 employees the company produces about 50 different medicines.

PPM’s other unit, Confirel Co., Ltd. has embarked in developing a range of health supplements, largely using organic palm sugar and pepper grown in rural Cambodia.

One of its much-sought after product is KEM Probiotics, a dietary complement produced from fermented juice of morinda citrifolia and exported to markets worldwide.

“We export over 90 per cent of KEM and 95 per cent of health products like supplements are also exported,” added Eang, who is also the founder of Confirel.

KEM can be used to treat stomach ulcers, it is an anti-bacterial agent and a powerful antioxidant.

Content image - Phnom Penh Post
Say Chhum, president of the Senate, visits a booth during PPM’s 60th anniversary celebration on December 18, 2019. Photo supplied

MOST VIEWED

  • Tourists urged not to skip trip

    The Ministry of Tourism has called on international tourists not to cancel trips to Cambodia, but urged them to adhere to several dos and don’ts when arriving in the Kingdom during the Covid-19 pandemic. The ministry released an eight-point instruction manual on Wednesday published

  • The taxman cometh – Cambodia’s capital gains tax casts the net on individual taxpayers

    In a country where only limited personal income tax existed, the new taxation law beginning January 1, 2021, will make taxpayers out of Cambodians, whether they are ready for it or not About two years ago, a little known amendment was made to Article 7 of the Law

  • Cambodian-American gets Star Trek treatment

    Kevin Ung, a Cambodian-American whose family escaped genocide during the Khmer Rouge’s reign of terror, was recently selected from thousands of applicants to participate in the Television Academy Foundation’s inaugural 2020 Star Trek Command Training Programme, a course intended to give hands-on filmmaking experience

  • Cambodia seeks to be transport hub

    Cambodia is working on several fronts to modernise its transport infrastructure and services, concentrating on opening new international gates to relieve and balance traffic congestion at its borders, Minister of Public Works and Transport Sun Chanthol said on Thursday. This is part of the Kingdom’

  • PM: West unfair to Cambodia

    Prime Minister Hun Sen released a message celebrating the International Day of Peace on Monday, saying that some major powers and western countries had been systemically cooperating to put political pressure on Cambodia as they did in the 1970s and 1980s. Hun Sen said pressuring

  • First ‘mobile kitchen’ in Cambodia enters service

    A catering company recently rolled out Cambodia’s first “mobile kitchen” – a $50,000 container capable of serving up to 200 people at a time. The kitchen is the brainchild of Seng Hok Heng Catering Services. At 4.4m-high, 6.8m-long and 2.4m-wide (expandable to 6.8m), the kitchen is equipped