Greater Pharma Co. Ltd. is a leading Thai pharmaceutical manufacturer and part of the Greater Pharma group. Greater Pharma produces herbal food supplements, cosmetics and pharmaceutical products. Larive supported Greater Pharma with the application for a PSI subsidy from the Netherlands Enterprise Agency (“NEA”) and provided assistance during execution, enabling Greater Pharma to establish a herbal products facility with GMP certification in Laos, together with their local partner Viengthong Pharma Co. Ltd.
Larive supported establishing the Joint Venture, constructing the new factory in compliance with FDA requirements, recruiting and training employees, establishing cooperation with herb farmers for the provision of raw materials, developing a farmer’s training program, starting production of herbal finished products and implementing GMP certification.
“It is challenging and risky for ASEAN companies to invest in foreign countries. However, with a financial subsidiary from Netherlands Enterprise Agency and constructive advice from Larive International, our project is a success with a good result.” – Chernporn Tengamnuay, Managing Director Greater Pharma Co. Ltd.