MANILA, Philippines - Filipino drug giant United Laboratories, Inc. (Unilab) is expanding its presence in Myanmar, making a foray into personal care products in partnership with a local company.
Unilab has formed a joint venture with Myanmar personal care products company Beauty Palace Co. Ltd. to manufacture and distribute beauty care products in the Southeast Asian nation.
Philippine ambassador to Myanmar Alex G. Chua, witnessed the signing of the agreement between United and Beauty Palace Co. Ltd.
The agreement, signed between Unilab CEO and president Clinton Andrew Campos Hess and Beauty Palace Co. Ltd. managing director Myaing Hin, establishes the United Beauty Palace Myanmar which aims to provide quality and affordable personal care products in Myanmar.
In his opening remarks, Hess expressed confidence the joint venture would benefit from Unilab’s 70 years of providing quality products.
Unilab, from a small corner drugstore in Binondo in 1945, Hess said, is today the biggest pharmaceutical company in the Philippines, capturing a 20 percent market share.
Unilab founded by Hess’grandfather, the late Filipino-Chinese businessman Jose Yao Campos, and his partner Mariano K. Tan, has facilities throughout Southeast Asia. Its operations in Myanmar began in March 1997 offering such household name products as Biogesic, Alaxan, Enervon, among others.