Simpor Pharma products available in local market
BRUNEI’S first pharmaceutical manufacturing company Simpor Pharma Sdn Bhd is currently selling some of their supplement and cosmetic ranges at several major supermarkets here, and will be opening a store in the Brunei International Airport mid-November.
Simpor Pharma, a $35 million joint-venture between Canadian firm Viva Pharmaceutical Inc (Viva), the Ministry of Finance and a group of local investors, is located in the Salambigar Industrial Site and began production in 2013.
They currently produce a range of 80 to 100 pharmaceutical, health and cosmetic products, and are exporting 25 of these products to various countries.
This year alone, Simpor Pharma has exported about $500,000 worth of products.
Managing Director Edward Ko said they are currently exporting to Canada, the US, Singapore, Hong Kong, Taiwan and Australia, and will soon begin exporting to Thailand. They are also targeting to export to the Middle East market.
He told journalists yesterday they are now penetrating the local market while exporting their products. “Some of our products, most of which are supplements and cosmetics, are currently available in Guardian, Hua Ho and First Emporium. We will also be opening our Simpor Pharma store at the airport in mid-November.’’
While they are focusing on exporting their products, Ko said they will market more of their products locally once they get their cosmetic products Brunei Halal certified.
Currently, Ko said their pharmaceutical and some health supplements have already been endorsed with the Brunei Halal certified stamp.
He said having the Brunei halal certification on their products when exporting to countries like Malaysia is an advantage because customers there like and trust Brunei’s halal certification, adding that Malaysia has recently placed an order of 300,000 tablets of Paracetamol from them.
Ko said they chose to invest in Brunei because the sultanate is very stable and safe.
“Those are good images for a company to set up here. We really like Brunei and this image has helped us market our products.
Ko called on any kind of investor to come to Brunei, because he said it is easy to do business here. “This is the best place for people to invest in. Coming here, you are either the only one doing that kind of business, or the first to do it and that is an advantage.’’
He pointed out the government is ready to help investors wanting to come to Brunei. “In addition, there is no corporate tax for new businesses so this is an advantage for investors.’’
The Brunei Times