Katinko maker to invest P2B in PH expansion
The maker of popular oil liniment and ointment brand Katinko is investing P2 billion to expand its facilities in the country the next two years approximately, scaling up its production and expanding its product lineup following the launch of its new pharmaceutical industrial park in Tarlac.
Greenstone Pharmaceutical HK, Inc. chief executive officer Melissa Yap, whose company is the local manufacturer of the Katinko products, said this includes the expansion of their product line up for cosmetic, home care and cleaning agents.
“We need to expand already because our (research and development) lab, it just creates smaller batches,” Yap told reporters on the sideline of the launching ceremony of the Victoria Industrial Park last April 30.
Greenstone is the developer for the 30-hectare industrial hub, touted as the country’s first pharmaceutical industrial hub accredited by the Philippine Economic Zone Authority (PEZA).
When asked about potential plans for an initial public offering, Yap said the company might consider listing within five years.
Yap said there are also plans to expand the Victoria Industrial Park by at least another 50 hectares.
President Marcos signed the proclamation of the industrial hub in July 2024.
During the launch, the developer signed memoranda of agreement and understanding with 13 firms that will set up operations within the hub.
These firms include ACP Heavy Industries, Lifestrong Marketing, Inc., Greenstone Pharmaceutical HK. Inc, Goodfield, Ethosperic, Inc., Solstice ECOventures, Inc., Triumphus Ventures, Inc., Medinext, Inc., Revitalix, Inc., Kweens Ventures, Inc., K Food, Verdant Dreams Hong Kong, and Creative Ecohub for Philippine Artistry.
