Essential Drugs Company Limited (EDCL)

Essential Drugs Company Limited (EDCL) is a 100% state owned Pharmaceuticals Company in Bangladesh. In the year 1962 it was functioning under the then Central Government in the name & style of Government Pharmaceuticals Laboratory (GPL) and subsequently it was renamed as Pharmaceuticals Production Unit (PPU) in the year 1979. In the interest of Public Health & smooth running of the organization, it was registered as a Public Limited Company under the Company’s Act-1994. The Ministry of Health & Family Welfare of Bangladesh is its controlling authority. It was established in 1983 with the main objective of setting up an advanced pharmaceuticals industry in the Country for the local production of medicines and to supply these products inside the Country for public health and for Export. EDCL has developed a strong position in Bangladesh in Govt. Sector and is well positioned to sustain its growth and have a sound platform to serve export markets. Presently authorized capital of EDCL is Tk.200.00 Crore and paid up capital 100.92 CroreTk.10/=eachpershare. It's main objective is to manufacture quality drugs at an affordable price & supply to the Government Hospital and other Health Institutions. Since the inception of its production the company has been supplying Essential Drugs to the Government Hospitals, Civil Surgeon’s Offices, Health Institutions of Government, Non-Government and International (Non-profit makings) Organizations like UNICEF, WHO, ICDDRB etc. At present the company has been producing various Drugs & Contraceptive product with a sales target of Taka 400.00 Crore in the Financial Year 2013-14, its present manpower is 2500. In the year 1985 another unit by name Essential Drugs Company Limited, Bogra was established at Japanese Grant. It has also been supplying Essential Drugs to the Government Hospitals, Civil Surgeon’s Offices in Northern & Southern Districts of the Country This Company has been expanding very rapidly to serve Health Sector. Cephalosporine Project- it’s another unit in Bogra will go for commercial production soon. Its production capacity per hour is 18,000 Vials. With a view to population control, Bangladesh Government has established a condom factory in Khulna named as Khulna Essential Latex Plant (KELP) as another unit of Essential Drugs Company Limited. Production capacity of this project has been primarily installed at 150 Million pcs per annum. Now it goes upto 249.60 Million per annum. The major part of the production will be consumed by the Directorate General, Family Planning, Government of Bangladesh. In shortest time it will also to export after meeting domestic demand. EDCL has also established a Latex Processing Plant to use locally developed raw materials at Modhupur in the Tangail District under Khulna Essential Latex Plant. EDCL has taken another project "EDCL (3rd Plant)" for producing contraceptives from pill to birth control injections, I-V Fluid, penicillin products at Ghunapara, Gopalganj. The estimated project cost is Tk. 597.28 Crore by GOB Fund and will go for production by 2015. Employees Empowerment & Development EDCL acknowledges its employees and their role in accomplishing its goal and in its growth, therefore, it is committed to recruit and appoint individuals as per Service Rules, Recruitment, Promotion Criteria and Revised Organogram with high qualifications. It is committed to motivate and train its staff to improve their knowledge, skills, and abilities and empower them to provide outstanding services to the Company and the nation.In return, it expects employees to perform effectively with outstanding professionalism and loyalty for the betterment of the company and the national health. EDCL'S Vision EDCL envisages to rank among the top performers locally & strengthen its network of global operations to export. EDCL'S Mission EDCL is committed to provide high quality pharmaceuticals products of international standards that earn the confident of the nation through internal development and strategic alliances to benefit its employees, the society and the nation as a whole. Finally the Company wants to improve the quality of human life by enabling people to do more, feel better and live longer. Customer Satisfaction EDCL values customers and cares for their needs, therefore, it is committed to work with its customers directly to understand consumers needs and requirements. Customer satisfaction is one of its top priorities. Continuous Quality Improvement EDCL believes in its responsibilities towards patients, health care providers, and the society where it operates. It is committed to apply highest quality standards on its products during all phases of development, production, warehousing, marketing and always takes initiative to exceed the standards. Team Spirit EDCL realizes the importance of teamwork for the growth of the company. It works continuously to improve organizational performances. EDCL's strategy was based on developing business relationship with most of the existing players in the pharmaceuticals market. This is aimed at capitalizing their strengths, and specialization. Distribution EDCL caters the requirement of even remote areas very effectively through Govt. Hospitals, Civil Surgeon offices and Community Clinics. Conclusion EDCL is a successful joint stock company in Govt. sector. Its financial performance over 20 years of operation is praiseworthy in private and public segment.