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Saturday, October 5, 2024

Medicine importer breaks ground on Cavite warehouse

Pharmaceutical importer I.E. Medica, owned by Ayala Healthcare Holdings Inc. (AC Health), said Friday it broke ground on a new warehouse at Cavite Technopark in Cavite province.

I.E. Medica chief operating officer Ma. Victoria Sugapong said in a statement the event marks a significant step in expanding the company’s operations.

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The facility aims to improve supply chain efficiency and meet the growing demand for healthcare products in the Philippines.

“The groundbreaking is more than just a symbol of expansion; it represents our commitment to operational excellence and the delivery of end-to-end supply chain solutions that ensure quality, efficiency, and growth,” said Sugapong.

The warehouse will also support I.E. Medica’s long-term vision of becoming a leading supplier of quality medicines. Construction is set to be completed by 2026.

The project reflects the company’s dedication to providing high-quality healthcare products, underscored by its robust end-to-end supply chain solutions, she said.

“As we look into the future, this project plays a pivotal role in achieving our long-term vision of becoming the country’s recognized supplier of quality and affordable medicines,” Sugapong said.

Since 2019, AC Health has invested in I.E. Medica as a part of its efforts to expand its pharma portfolio and elevate the healthcare landscape in the Philippines.

The partnership enabled both companies to better serve Filipinos by improving access to quality healthcare. The new warehouse marks another milestone in this ongoing partnership, aligning with the shared goal of enhancing healthcare delivery.

“With this new project, we are not just building a structure; we are investing in our ability to better serve our customers and improve their lives,” said Monaliza Salian, president and chief executive of I.E. Medica.

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