Maruho Establishes Local Subsidiary in China
Osaka (Japan), February 22, 2024 - Maruho Co., Ltd. ("Maruho"; Head Office: Osaka; President and CEO, Atsushi Sugita) announces the establishment of a wholly owned subsidiary "Maruho Pharmaceutical Technology (Beijing) Co., Ltd." in China and started operations today.
1.Purpose of Establishment
Maruho has been formulating and implementing business strategies in China and other Asian countries and regions under its 5th Medium-Term Plan, which started in October 2023, and which calls for "Taking a new step in global expansion." By establishing "Maruho Pharmaceutical Technology (Beijing) Co., Ltd.", we will develop pharmaceutical products in China and make further contributions to patients suffering from skin diseases.
Outline
Name | Maruho Pharmaceutical Technology (Beijing) Co., Ltd. |
Location | Chaoyang District, Beijing, China |
Name and Titles of Representatives | Chairman, Yutaka Tomita*1 President, Masahiro Hamade*2 |
Business Description | Development of pharmaceutical products, etc. |
Date of establishment | December 26, 2023 |
Date of business commencement | February 22, 2024 |
Capital | 50 million yen |
Shareholders and shareholding ratio | Maruho Co., Ltd. 100% |
*1: Part-time *2: To be appointed on April 1, 2024
About MaruhoMaruho Co., Ltd. has its head office in Osaka and leads Japan in research and development, manufacturing and commercialization of dermatological products. Founded in 1915, Maruho has 1,566 employees (as of the end of September 2023), and net sales were approximately 85.71 billion yen in its fiscal year ended September 30, 2023. With the mission "More smiles, brighter life for you.", Maruho aims to help realize a society where everyone can live with a smile.
For more information, please visit www.maruho.co.jp/english/
Contact Information: |
Maruho Co., Ltd. |
Public Relations Group, Corporate Planning Dept. |
Tel:+81-(0)6-6371-8831 Fax:+81-(0)6-6371-8679 |
e-mail:kouhou@mii.maruho.co.jp |
Maruho Establishes Local Subsidiary in China