Report Company
Ferozsons Laboratories Limited
Ferozsons Laboratories Limited was incorporated in 1956, as one of the first national companies in the pharmaceutical sector. In 1960, it became the first Pakistani pharmaceutical company to be listed on the Karachi Stock Exchange.
We have a rich history of manufacturing world class pharmaceuticals under contract for such world class companies as Boots Pharmaceuticals PLC, Lakeside Laboratories Inc. USA (which later became a division of HMR/Aventis), Chemie Grunenthal GmbH of Germany, and Procter & Gamble. We currently have licensing agreements with Curatis Pharma GmbH, Germany and the Bag Group of Argentina.
In December 2004, Ferozsons Laboratories Limited and the Bag Group entered into an agreement to jointly set up Pakistans first Biotech Pharmaceuticals manufacturing facility, which is Inshallah expected to come into production in 2007.
OUR VISION
Our vision is to become an industry Leader known and respected for bringing to market Global Quality products that treat life-threatening diseases and reduce the cost of treatment for patients and health-care providers.
OUR MISSION
Achieve excellence in all areas of operation
Provide a rewarding and enjoyable place to work.
Consistently reward our Shareholders with better-than-market growth in earnings and revenues.
Be a socially responsible and contributing corporate member of society.
OUR VALUES
Trust is derived from the values we display in our daily lives and in our dealings with customers, associates and suppliers. In the pursuit of our goals, we pledge to create a Culture based on:
1. Merit:
We pledge to develop a merit-based system of developing and rewarding people, in a clear and transparent manner based on open and accepted criteria.
2. Mutual Respect:
Each member of the company is here because he or she has a contribution to make, and deserves our respect as an associate and a human being. Respect applies to our dealings with associates of all backgrounds and all ranks, whether above or below us. It includes displaying the ability to:
Tolerate points of view that are different from your own
Welcome Associates from different ethnic or corporate backgrounds.
Constantly remember to treat others the way you would like them to treat you.
Adhere to systems and processes
3. Integrity
Integrity is the key to winning Trust in any relationship, whether with a Customer, an Associate or a Supplier. Integrity means:
Being Honest and Fair in all our dealings.
Holding ourselves to the same standards to which we hold others, i.e. applying the same criteria in the same situation to all people.
Actively Resisting Politics at all levels. Politics is the only game in which there is no winner - Everybody loses.
Having the courage not to retaliate when we feel an associate has treated us unfairly, but to remind them in a polite and helpful way of the unfairness of their action, and failing that, to raise an objection through the proper channels. Failure to rise above means we are proving ourselves to be no better than the associate whom we feel wronged by.
4. Focus:
A focus on customers and objectives automatically drives success, reduces friction and the ability for politics to creep in and sap our energies. Highly Focused People:
Discuss only Customers, Opportunities, Ideas and Solutions.
Manage Goals & Objectives, not People
Do not spend too much time trying to analyze why an associate may have made a criticism or suggestion, but go directly to whether there is any merit in what the associate has said.
5. Empowerment:
A key to our success in achieving our goals will be the empowerment of our front-line employees. For empowerment to succeed, it is very important to ensure that:
The Objectives are clear
The Process is transparent
The Results are reviewed
Empowerment. comes with Accountability
6. Teamwork
Synergy is the single most energizing force in an organization. It can unlock our potential and lead to breakaway growth, both in our personal and business lives.
Synergy comes through recognizing that though we may come from different backgrounds or line functions in the organization, we stand to benefit from each others strengths and should unite to achieve common goals.
7. Speed & Responsiveness:
Speed and Responsiveness, a sense of urgency in our work These are the key competitive advantages that will place us ahead of the competition - and come as a direct result of being goal-oriented and focused on results.
We have a rich history of manufacturing world class pharmaceuticals under contract for such world class companies as Boots Pharmaceuticals PLC, Lakeside Laboratories Inc. USA (which later became a division of HMR/Aventis), Chemie Grunenthal GmbH of Germany, and Procter & Gamble. We currently have licensing agreements with Curatis Pharma GmbH, Germany and the Bag Group of Argentina.
In December 2004, Ferozsons Laboratories Limited and the Bag Group entered into an agreement to jointly set up Pakistans first Biotech Pharmaceuticals manufacturing facility, which is Inshallah expected to come into production in 2007.
OUR VISION
Our vision is to become an industry Leader known and respected for bringing to market Global Quality products that treat life-threatening diseases and reduce the cost of treatment for patients and health-care providers.
OUR MISSION
Achieve excellence in all areas of operation
Provide a rewarding and enjoyable place to work.
Consistently reward our Shareholders with better-than-market growth in earnings and revenues.
Be a socially responsible and contributing corporate member of society.
OUR VALUES
Trust is derived from the values we display in our daily lives and in our dealings with customers, associates and suppliers. In the pursuit of our goals, we pledge to create a Culture based on:
1. Merit:
We pledge to develop a merit-based system of developing and rewarding people, in a clear and transparent manner based on open and accepted criteria.
2. Mutual Respect:
Each member of the company is here because he or she has a contribution to make, and deserves our respect as an associate and a human being. Respect applies to our dealings with associates of all backgrounds and all ranks, whether above or below us. It includes displaying the ability to:
Tolerate points of view that are different from your own
Welcome Associates from different ethnic or corporate backgrounds.
Constantly remember to treat others the way you would like them to treat you.
Adhere to systems and processes
3. Integrity
Integrity is the key to winning Trust in any relationship, whether with a Customer, an Associate or a Supplier. Integrity means:
Being Honest and Fair in all our dealings.
Holding ourselves to the same standards to which we hold others, i.e. applying the same criteria in the same situation to all people.
Actively Resisting Politics at all levels. Politics is the only game in which there is no winner - Everybody loses.
Having the courage not to retaliate when we feel an associate has treated us unfairly, but to remind them in a polite and helpful way of the unfairness of their action, and failing that, to raise an objection through the proper channels. Failure to rise above means we are proving ourselves to be no better than the associate whom we feel wronged by.
4. Focus:
A focus on customers and objectives automatically drives success, reduces friction and the ability for politics to creep in and sap our energies. Highly Focused People:
Discuss only Customers, Opportunities, Ideas and Solutions.
Manage Goals & Objectives, not People
Do not spend too much time trying to analyze why an associate may have made a criticism or suggestion, but go directly to whether there is any merit in what the associate has said.
5. Empowerment:
A key to our success in achieving our goals will be the empowerment of our front-line employees. For empowerment to succeed, it is very important to ensure that:
The Objectives are clear
The Process is transparent
The Results are reviewed
Empowerment. comes with Accountability
6. Teamwork
Synergy is the single most energizing force in an organization. It can unlock our potential and lead to breakaway growth, both in our personal and business lives.
Synergy comes through recognizing that though we may come from different backgrounds or line functions in the organization, we stand to benefit from each others strengths and should unite to achieve common goals.
7. Speed & Responsiveness:
Speed and Responsiveness, a sense of urgency in our work These are the key competitive advantages that will place us ahead of the competition - and come as a direct result of being goal-oriented and focused on results.