GLAXOSMITH Announces approved Change in its Supply Chain Model

Proshare

GLAXOSMITH Announces approved Change in its Supply Chain Model

Tuesday, April 2, 2019 11:50AM / NSE 

 

Today, we announce that the Board of GlaxoSmithKline Consumer Nigeria Plc (“GSK”) has approved a change in its supply chain model effective Q3 2021. 

Following an extensive review of its product supply operation, the Board of Directors has approved a restructuring of GSK’s current operating model to better serve the Nigerian patients and consumers. This restructuring, which would be effective in Q3 2021, involves working with local contract manufacturers for the supply of GSK’s products, where possible. This would support the building of local expertise, transfer of technical knowledge and improve local production capacities in the country. 

The Board of Directors believe that these changes will allow GSK to build a more sustainable commercial business, enabling it to continue with its ongoing efforts in supporting access to GSK’s consumer health products, medicines and vaccines. 

Upon the successful transition of locally manufactured products to third-party contract manufacturing, the current GSK production operations in Agbara would be closed by Q3 2021. The identification of a suitable third party local manufacturer would be the subject of another announcement. Until then, it would be business as usual at the Agbara factory as GSK continues to ensure supply continuity for all its locally manufactured brands. 

These proposed changes do not impact GSK’s broader commitments to global health in Nigeria and  across Africa. GlaxoSmithKline Consumer Nigeria Plc will continue to be listed on the Nigerian Stock Exchange (NSE).

 

Related News

1.       GLAXOSMITH declares N617.62 mln PAT in 2018 Audited Result; Proposes 50 Kobo Final Dividend

2.       GLAXOSMITH Declares N10mn LAT in Q3 2018 Results (SP:N11.10k)

3.      GLAXOSMITH declares N21.71 million PAT in Q2 17 Result SP N20.00k

4.      GLAXOSMITH declares N8.26 million Loss in Q1 2017 Result SP N14.09k

5.      GSK Consumer Nig. Plc positions for sustainability with focus on consumer healt

6.      GLAXOSMITH declares N4.20 billion PAT in 2016 Audited Result SP N0.87k

7.      GlaxoSmithKline Consumer Nigeria Plc Appoints Mr. Bhushan Akshikar as a Non-Exec

READ MORE:
Related News
SCROLL TO TOP