Company type | Limited Company |
---|---|
DSE: RENATA | |
Industry | Pharmaceutical |
Founded | 1993 |
Headquarters | , Bangladesh |
Area served | South Asia, South East Asia, Africa, Europe and Latin America |
Key people | Syed S Kaiser Kabir (CEO) |
Products | Maxpro, Rolac, Fenadin, Rolip, Furoclav and more |
Number of employees | 3485 |
Website | renata-ltd |
Renata Limited (formerly Pfizer Laboratories (Bangladesh) Limited), also known as Renata, is one of the top ten pharmaceutical manufacturers in Bangladesh in terms of revenue. [1] Renata is engaged in the manufacture and marketing of human pharmaceutical and animal health products. [2] The company also manufactures animal therapeutics and nutrition products. As of 2024, Renata employs about 11,000 people in its head office in Mirpur, Dhaka [3] and its 14 production facilities in Mirpur, Dhaka, Rajendrapur, Gazipur and Bhaluka, Mymensingh. [4]
Renata is a publicly traded company on the Dhaka Stock Exchange (ticker: RENATA). [5]
Recently, Renata Limited has received the UK MHRA approval for its Potent Product Facility. [6] This facility is exporting prednisolone to the UK. [7]
The company also operates four other manufacturing units – the original Pfizer facility for general products, a UNICEF-approved SFF (Sachet Filling Facility). [8]
Recently, GAIN (The Global Alliance for Improved Nutrition) provided US$2.9 million to Renata Limited and BRAC, one of the biggest NGOs in the developing world, to build and operate an innovative business model to produce and deliver multi-nutrient powders to vulnerable infants in Bangladesh. [9]
Renata was fined on 21 January 2016 by the Department of Environment for damaging the environment. The company has also illegally occupied land owned by the forest department. [10] Syed S. Kaiser Kabir, the CEO, of the company had illegally grabbed government land to build a house near Dhaka-Mymensingh highway. [11]
The economy of Bangladesh is a major developing mixed economy. As the second-largest economy in South Asia, Bangladesh's economy is the 35th largest in the world in nominal terms, and 25th largest by purchasing power parity. Bangladesh is seen by various financial institutions as one of the Next Eleven. It has been transitioning from being a frontier market into an emerging market. Bangladesh is a member of the South Asian Free Trade Area and the World Trade Organization. In fiscal year 2021–2022, Bangladesh registered a GDP growth rate of 7.2% after the global pandemic. Bangladesh is one of the fastest growing economies in the world.
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