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Millennium Pharmacon to expand branches in 2023

20 December 2022 07:05

JAKARTA – PT Millennium Pharmacon International Tbk (SDPC) plans to establish three new branch offices outside Jakarta Greater Area in 2023. It is intended to reinforce the distribution of pharmaceutical goods to boost revenue.

Ahmad bin Abu Bakar, President Director of Millennium Pharmacon International, believed that the expansion will bring in positive outcome for the company. “Pharmaceutical industry will continue to flourish and make progress next year,” he mentioned in the public expose treatise quoted Tuesday (20/12).

These upcoming branch offices in question will be located in Pematang Siantar, North Sumatra; Purwakarta, West Java; and Lombok, West Nusa Tenggara (NTB).

As of now, SDPC is operating 33 distribution offices, 26,000 outlets, 180 distribution fleets, and 13,000 m2 of warehouse to help to distribute 4,000 products from domestic and foreign principals.

Until September 2022, SDPC had realised IDR 12.5 billion of its capital expenditure budget, soaring from IDR 4.5 billion recorded in September 2021 and IDR 3.8 billion in 2020.

In 2019, prior to the COVID-19 pandemic, SDPC realised IDR 10.8 billion of its capital expenditure budget. (LK/ZH)

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