Pakistan unit of British firm Haleon to manufacture Centrum multivitamins
Wire desk byline Sourced from Xinhua, Dawn, Arab News, Anadolu and Minute Mirror. Translated and abridged by the GSRRA Desk.
Haleon Pakistan plans to start manufacturing multivitamin brand Centrum in the country for domestic sales and export, its chief executive officer (CEO) said, as it seeks to boost sales in the country amid lower inflation.
The Pakistan unit of British consumer healthcare firm Haleon plans to expand its pain management offerings next year by adding the Panadol range for menstrual pain and migraines, CEO Farhan Muhammad Haroon told Reuters in an interview.
“Pakistan has a Rs24 billion ($86.30 million) Vitamin Mineral Supplement market. This does not include the grey market. We already make up Rs7.5bn ($26.97m) of the market through our [vitamin] products CAC-1000 Plus and Qalsium-D,” said Haroon.
“With the launch of Centrum, we plan to capture 7 to 8 per cent of the remaining market immediately, which is a sizeable portion of the category.”
Haroon said the company plans to sell Centrum in smaller bottles so customers do not have to worry about high upfront costs, as purchasing power has diminished in the country after inflation hit a multidecade high of around 40pc last year.
In November, Pakistan’s consumer price index inflation slowed to 4.9pc.
Haroon said in the first stage of the Centrum launch — expected in the first quarter of 2025 — the product will be imported, and in the second stage, it will be made locally with market-specific variants to suit the needs of Pakistanis and other export markets.
“We already export our calcium and vitamin D supplement CAC-1000 Plus and topical pain relief product Voltral Emulgel to Vietnam and Philippines, we will be ready to export to 19 countries in the next 1-1.5 years,” he said.
Haleon Pakistan sees at least 10pc of its sales coming from exports in the next two years, up from 5pc-6pc during its peak in 2022, Haroon said, adding that it had invested $10m last year to enhance local production capabilities.
Reference Link:- https://www.dawn.com/news/1878287
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
