Dear shareholders,
Another year has gone by and we have ushered in 2023. first let me wish you all a good health, so you are blessed with energy and strength to carry forward your dreams and enjoy the next 365 days.
Year 2022 had its challenges, from covid resurging, supply chain issues and rising costs. we fared well in spite of all of them causing trouble. The mega team worked round the clock to solve them and focus on our core business. We build our new facility in bangpoo which will become operational by qtr 2, to replace our aging plant which is over 36yrs old. we embarked on design and development of our Indonesian facility to produce new drugs, while our registrations for new differentiated generics got approvals to market. our pipeline of pharma medicines and our consumer health range grew, while we expanded our reach thru consumer centric initiatives in our markets.
The political turmoil in Myanmar continues to be a drag on our distribution business, while we remain very focused on the pharma and our branded business to deliver over the next few years. in spite of trouble in Ukraine, our business continues and we pray for solution for the country and their citizens.
We also achieved our goal to listed among the esg companies in Thailand, and have progressed well, to be included in the this index. we continue to build on our sustainability and governance and work towards environmently friendly model, where a large portion of energy is now solar and design of products are based on least material usage and wastages, and the manufacturing operations are working on intiatives to reduce consumption in all areas - energy, water and material.
2023 will bring in new challenges and opportunities. we have embarked on growing our pharma health care portfolio thru partnerships and inhouse developments. our list of drugs and over the counter products have grown and will continue to get launched in multiple markets.
The digital health initiative was launched in Myanmar for diabetic patients and doctors to help manage and improve care. We continue to expand this to other markets.
Our wellness we care initiative to improve the lives of our employees and our partners - pharmacists, consumers thru life style modification continues to build programs and add courses to prevent and reverse lifestyle diseases thru self care.
We remain confident in this present day and world situation, that mega we care will deliver on its promise to help people stay healthy as long as they live, and build a sustainable business that will live and grow beyond each one of us.
I once again thank you for your trust and support.
Mr. Vivek Dhawan CEO and Chief Coach