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About
Essential Drugs Company Limited (EDCL):
Essential Drugs
Company Limited (EDCL) is a 100% state owned Pharmaceuticals
Company in Bangladesh. In the year 1962 it was functioning
under the then Central Government in the name & style
of Government Pharmaceuticals Laboratory (GPL) and subsequently
it was renamed as Pharmaceuticals Production Unit (PPU) in
the year 1979. In the interest of Public Health & smooth
running of the organization, it was registered as a Public
Limited Company under the Company’s Act-1994. The Ministry
of Health & Family Welfare of Bangladesh is its controlling
authority. Essential Drugs Company Limited (EDCL) is a Joint–Stock
company with a fully paid-up capital of TK: 882.55 lac It
was established in 1983 with the main objective of setting
up an advanced pharmaceuticals industry in the Country for
the local production of medicines and to supply these products
inside the Country for public health and for Export. EDCL
has developed a strong position in Bangladesh in Govt. Sector
and is well positioned to sustain its growth and have a sound
platform to serve export markets.
It's main objective
is to manufacture quality drugs at an affordable price &
supply to the Government Hospital and other Health Institutions.
Since the inception of its production the company has been
supplying Essential Drugs to the Government Hospitals, Civil
Surgeon’s Offices, Health Institutions of Government,
Non-Government and International (Non-profit makings) Organizations
like UNICEF, WHO, ICDDRB etc. At present the company has been
producing 155 Essential Drugs with a sales target of Taka
1100 Million in the Financial Year 2008-09, its present manpower
is 682 in Dhaka Factory.
In the year 1985 another unit by name
Essential Drugs Company Limited, Bogra was established at
Japanese Grant. It has also been supplying Essential Drugs
to the Government Hospitals, Civil Surgeon’s Offices
in Northern & Southern Districts of the Country. Its present
manpower is 345.
This Company has
been expanding very rapidly to serve Health Sector. Cephalosporin
Project- it’s another unit in Bogra will go for commercial
production soon. Its production capacity per hour is 18,000
Vials.
With a view to population
control, Bangladesh Government has established a condom factory
in Khulna named as Khulna Essential Latex Prokolpo (KELP)
as another unit of Essential Drugs Company Limited. Production
capacity of this project has been primarily installed at 150
Million pcs per annum. The entire production will be consumed
by the Directorate General, Family Planning, Government of
Bangladesh.
Employees Empowerment & Development:
EDCL acknowledges
its employees and their role in accomplishing its goal and
in its growth, therefore, it is committed to recruit and appoint
individuals as per Service Rules, Recruitment, Promotion Criteria
and Revised Organogram with high qualifications. It is committed
to motivate and train its staff to improve their knowledge,
skills, and abilities and empower them to provide excellent
services to the Company and the nation.
In return, it expects employees
to perform effectively with outstanding professionalism and
loyalty for the betterment of the company and the national
health.
EDCL’S Vision:
EDCL envisages to rank among the
top performers locally & strengthen its net work of global
operations to export.
EDCL’S Mission:
EDCL is committed
to provide high quality pharmaceuticals products of international
standards that earn the confident of the nation through internal
development and strategic alliances to benefit its employees,
the society and the nation as a whole. Finally the Company
wants to improve the quality of human life by enabling people
to do more, feel better and live longer.
Customer Satisfaction:
EDCL values customers
and cares for their needs, therefore, it is committed to work
with its customers directly to understand consumers needs
and requirements. Customer satisfaction is one of its top
priorities.
Continuous Quality Improvement:
EDCL believes in
its responsibilities towards patients, health care providers,
and the society where it operates. It is committed to apply
highest quality standards on its products during all phases
of development, production, warehousing, marketing and always
takes initiative to exceed the standards.
Team Spirit:
EDCL realizes the
importance of teamwork for the growth of the company. It works
continuously to improve organizational performances.
EDCL's strategy was based on developing business
relationship with most of the existing players in the pharmaceuticals
market. This is aimed at capitalizing their strengths, and
specialization.
Co-Marketing:
EDCL's outstanding success
in the private market attracted some multinationals to grant
EDCL, the marketing rights to develop second brands for their
leading innovative brands. EDCL launched Latex Male CONDOM,
licensed from Bangladesh Govt. of Population control program
in the country. The excess production will be exported.
Distribution:
EDCL caters the
requirement of even remote areas very effectively through
Govt. Hospitals, Civil Surzons offices and Community Clinics.
Conclusion:
EDCL is a successful
joint stock company in Govt. sector. Its financial performance
over 18 years of operation is praiseworthy in private and
public sector.
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