3 days ago
- Business
- New Straits Times
YSP to ramp up expansion plans, production
KUALA LUMPUR: YSP Southeast Asia Holding Bhd (YSP SAH), one of the top pharmaceutical manufacturers on the FBM KLCI by market capitalisation, is accelerating efforts to grow its presence in both domestic and international markets.
Leveraging a combination of offline and online business strategies, the group aims to strengthen its presence in the increasingly competitive pharmaceutical sector.
Rashica Lim Yin, head of business development strategy office, e-commerce and consumer healthcare at YSP Industries (M) Sdn Bhd, said the group is committed to growth, underpinned by a strong pipeline of new products and a sustained focus on research and development (R&D).
"It's a potential business segment, but also very competitive. That's why we can't rest on our laurels. We must keep innovating and developing products that support the health and wellness of the community," Lim said at the unveiling of the company's latest innovation – the botanical beauty and wellness rituals series by GREENS – during the Greenstopia event in Kuala Lumpur last week.
YSP SAH is among the top five pharmaceutical manufacturers in Malaysia. Its operations cover the R&D, manufacturing, warehousing and logistics, and trading of pharmaceutical products ranging from prescription medications and OTC (over-the-counter) remedies to consumer healthcare products, including traditional and complementary medicines.
As part of its growth strategy, the company is sharpening its focus on exports, particularly within Asean markets, where demand for affordable quality healthcare products continues to rise in line with expanding private healthcare expenditure across the region.
Asked whether current global economic headwinds have impacted operations, Lim said it remains "business as usual" for the company, supported by steady demand for affordable medicines and ongoing product innovation.
YSP SAH continues to channel significant investment into R&D to fuel its product pipeline. The group's latest launch – the botanical beauty and wellness rituals series – is an example of this commitment.
Lim noted that development for this latest innovation took three years, with its key raw materials sourced from Japan and South Korea.
"We are very bullish about the potential of this product and the e-commerce exclusive GREENS series. Patented and clinically proven ingredients supported the product development that we use. We also did extensive market studies to validate demand and growth prospects," she added.
Greenstopia, now running in its third year, combines community recycling initiatives with health education and wellness activities. Each Greenstopia edition, including the latest Greenstopia 3.0, encourages attendees to exchange recyclable items such as plastic, aluminium, paper, e-waste and clothing for fresh produce and refreshments, fostering both environmental awareness and community bonding, in line with the GREENS branding vision of creating products that are as close to nature and eco-friendly as possible and with sustainable sources.
With a clear strategy to expand its domestic and export markets and a renewed push in health and wellness innovation, YSP SAH is positioning itself to capture new opportunities in an evolving healthcare landscape while reinforcing its standing as one of Malaysia's top pharmaceutical players.
