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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » PC House moves into drug manufacturing

PC House moves into drug manufacturing

4 posters

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1PC House moves into drug manufacturing Empty PC House moves into drug manufacturing Sat Jun 02, 2012 11:37 pm

CSE.SAS

CSE.SAS
Global Moderator
PC Pharma, a pharmaceutical importer associated with Rs. 15 billion turnover PC House, has entered into talks with India's Apura Organics, as well as another, Bangladeshi firm, to be its partner in a local drug manufacturing facility. However the outcome of this project is still pending pursuant to negotiations with Sri Lanka's Health Ministry, according to company Chairman S.H.M. Rishan.

PC Pharma made Rs. 130 million in profits most recently, a significant growth from its startup investment of Rs. 5 million less than a decade ago. The keynote speaker at this week's Sunday Times Business Club discussion on Entrepreneurship, Mr. Rishan also noted that activated carbon producer Bieco Link, a company recently acquired by his group, had already turned profitable after just four short months since its takeover. This follows years and millions lost as well as union problems faced by the company prior to its acquisition by PC House.

Also, he noted that, despite a number of people advising him against getting into a declining local garments industry, the PC House group had not only ventured into this segment and showed it to be profitable, but had also surmounted one of the major issues faced by even the biggest local players, a lack of adequate labour force, by moving its manufacturing centres to the South, to areas like Koggala, Weligama, Weerawila and Deniyaya.

The club is sponsored by Etisalat and hosted by the Taj Samudra Hotel. Hameedia is the club co-sponsor.
http://www.sundaytimes.lk/120603/BusinessTimes/bt39.html

2PC House moves into drug manufacturing Empty Re: PC House moves into drug manufacturing Sun Jun 03, 2012 10:24 am

Hawk Eye

Hawk Eye
Expert
Expert
What a Joke: Rishan tries to show that he is a turnaorund specialist, which is not the case actually.

PC Pharma from a 5Mn Investment decade ago had become a Public Quoted Company. can anyone explain how this happened, and with what are the products they lead in the market. what is their competitive edge. you will get to know some interesting facts if you dig in

OGL doesnt have a solid customer base, and they are just a garment factory. Just check how much they have invested in the Software. MAS and Brandix one of the Competitive advantage is IT.

No idea what is BIECO, and dont know under which company this is shown as subsidiary and When this was acquired. Any one remeber any CSE announcement regarding this. I just checked the site BIEKO and the HO address is 451 of PCH, and factory in Giriulla.

Can ayone in this area (Girulla) or in this Business highlight us some facts about this company. I feel that he would next take this Comapny public


Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Hawk Eye wrote:What a Joke: Rishan tries to show that he is a turnaorund specialist, which is not the case actually.

PC Pharma from a 5Mn Investment decade ago had become a Public Quoted Company. can anyone explain how this happened, and with what are the products they lead in the market. what is their competitive edge. you will get to know some interesting facts if you dig in

OGL doesnt have a solid customer base, and they are just a garment factory. Just check how much they have invested in the Software. MAS and Brandix one of the Competitive advantage is IT.

No idea what is BIECO, and dont know under which company this is shown as subsidiary and When this was acquired. Any one remeber any CSE announcement regarding this. I just checked the site BIEKO and the HO address is 451 of PCH, and factory in Giriulla.

Can ayone in this area (Girulla) or in this Business highlight us some facts about this company. I feel that he would next take this Comapny public


Bieco Link, a coconut shell based activated carbon manufacturer was purchased by PCH Holdings, the holding company of PCH. That's why there was no announcement in CSE regarding the acquisition.

I have heard about Bieco earlier. But I do not know much detail about this company. Yes, he will definitely make it a public company by showing magic profits.

4PC House moves into drug manufacturing Empty Re: PC House moves into drug manufacturing Mon Jun 04, 2012 10:47 am

Hawk Eye

Hawk Eye
Expert
Expert
SEC and CSE has to learn a lot from them.

the loopholes in the systems

gamaya


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
There was talks about a massive BPO venture, what happened to that? And then hotel, and then garment factory and now pharmaceuticals? This guy is a massive crook in CSE.

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