In order to build a new business entity in the personal care and hygiene sector in Myanmar, Asian pharmaceutical company, United Laboratories, Inc and local Beauty Palace Co. Ltd signed a joint-venture agreement on July 28, 2015. The new company, United Beauty Palace Myanmar Co. Ltd., will bring synergies, combining local knowledge of Myanmar’s consumer needs with technological best practices-applying stringent product quality standards towards the manufacturing of personal care and hygiene products.
The new company will invested in buildings, uplifting consumer science and communications and deep improvements in product distribution and customer engagement across the country. Then, it will also take over marketing for the PH Care product line.
Sebastian Baquiran, United Beauty Palace’s Chairman of the Board highlighted the mission of the JV said,” United Beauty Palace is deeply committed to uplifting the lives of Myanmar consumers. We hope that our forthcoming investments will be testament of our resolve to act as a leader in this market, and a testament to the Myanmar peo- ple of our ongoing commitment to offer the best-quality products, at the best-prices.”
U Myaing Hin, Managing Director of Beauty Palace also said “Beauty Palace is very proud to have been a part of the everyday lives of Myanmar consumers for the last few decades. In joining forces with Unilab, we are looking forward to improving our products and our capabilities, for the mutual benefit of ourselves, our retail partners, and of all Myanmar people.” United Laboratories, Inc. (Unilab), the parent company of Myanmar’s United Pharmaceuticals, was established in 1945 and has been carried out in supporting the best health and personal care in Asia through developing innovative and affordable products for the last seventy years. Founded in 2001, Beauty Palace Co. Ltd is producing local famous brands: Best-T Gel toothpaste and A21 Shampoo.
