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Elder Pharma forms JV with Kose Corporation to manufacture, sell cosmetics in India

20 Mar 2013 Evaluate

Elder Pharmaceuticals, a leading pharmaceuticals company in India, has formed a joint venture (JV) ‘Kose Elder (India)’ with Japan’s Kose Corporation to manufacture and sell cosmetics in India. The company will hold 40% stake in the JV while Kose Corporation will hold 60% stake.

The JV will manufacture all kinds of skin care products including creams, lotions and ointment. Besides, Kose products will be produced in the existing plant of Elder Pharmaceuticals in Paonta Sahib in Himachal Pradesh.

Elder Pharmaceuticals (EPL) has around six manufacturing units in India, all as per international standards. Post increasing its stake in Elder Biomeda AD and Neutrahealth PLC, EPL also has access to the manufacturing units of these companies in Bulgaria and Birmingham, UK respectively coupled with distribution network and brands of the same.

Peers
Company Name CMP
Sun Pharma Inds. 1668.00
Dr. Reddys Lab 1232.25
Cipla 1228.90
Zydus Lifesciences 936.35
Lupin 2328.60
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