Celebrating ECHEMI Thailand's subsidiary obtaining the Drug Import License approval from the Thai Food and Drug Administration (TFDA)

ECHEMI (Thailand) Co., Ltd. is a leading global chemical supply chain service company specializing in food additives, chemicals, and pharmaceutical raw materials supply, research analysis, marketing, distribution, logistics, e-commerce, and after-sales services. We are pleased to announce that this month we have successfully obtained the Drug Import License from the Thai Food and Drug Administration (FDA). This significant milestone signifies a crucial step forward in ensuring Thai pharmaceutical manufacturers have access to safe, effective, and high-quality pharmaceutical raw materials to meet market demands. The approval document is attached below.

Obtaining approval from the Thai FDA is a rigorous process that requires strict adherence to quality, safety, and regulatory standards. This achievement demonstrates ECHEMI (Thailand) Co., Ltd.'s unwavering commitment to ensuring that every product distributed meets the highest quality standards, providing peace of mind and trust to pharmaceutical manufacturers and end-users.

The pharmaceutical market in Thailand is a vibrant and continuously growing industry that plays a critical role in the healthcare of the nation's people. According to 2022 data, the value of Thailand's pharmaceutical market has reached $6.8 billion, with antibiotic imports amounting to approximately $450 million. It is projected that pharmaceutical sales will grow at an annual rate of 5.0-6.0% from 2023 to 2025, with hospital drug sales growing at an average rate of 6.3% per year and over-the-counter drug sales growing at an average rate of 5.0% per year. As per the data from the Food and Drug Administration (FDA), as of August 2022, Thailand has 123 modern pharmaceutical factories certified with Good Manufacturing Practice (GMP).

The Thai FDA is the regulatory body responsible for overseeing the pharmaceutical industry. Therefore, we ensure that our products comply with the safety, efficacy, and quality requirements of pharmaceutical raw materials. Thailand has a well-developed pharmaceutical manufacturing industry, and we support various types of pharmaceutical raw materials, including active pharmaceutical ingredients, excipients, amino acids, and supplements. Thailand requires a significant amount of imported pharmaceutical raw materials to meet the medical needs of its people, and thus, we actively adapt to the diversified pharmaceutical import market, providing diversified pharmaceutical raw material supply and logistics services. The pharmaceutical industry in Thailand is increasingly focused on research and innovation, and we collaborate with the government, private pharmaceutical manufacturers, and academic institutions to drive industry development.

ECHEMI (Thailand) Co., Ltd. is committed to advancing the food, chemical, and pharmaceutical industries in Thailand, placing great emphasis on quality, safety, and compliance. Our team members have an average of over six years of industry experience and possess the ability to meet the diverse needs of our customers.

Under the leadership of Country Manager Khanyapak Pidtungtane, we successfully obtained the food import license in Thailand last year, significantly expanding our business coverage in the Thai market. We have established strong partnerships with renowned clients such as Red Bull and Carabao, providing solid support to our position in the industry.

In addition to our success in the food sector, we are actively exploring opportunities in the chemical and pharmaceutical fields. With the support of the Drug Import License, we are confident that ECHEMI (Thailand) Co., Ltd.'s business will reach new heights. We are currently actively preparing for more licenses to be applied, making adequate preparations for future extensive business.

At ECHEMI, we recognize the importance of food safety and compliance. We work closely with suppliers to ensure that imported food products meet the highest standards and comply with regulatory requirements. Our strict quality control measures and rigorous procurement processes guarantee the integrity and safety of the products we provide.

In the chemical industry, we are committed to providing reliable and high-quality chemical products to our customers. We carefully select our partners to ensure they have robust quality assurance and compliance commitments. By strictly implementing quality control throughout the supply chain, we ensure that customers receive chemical products that meet the requirements and comply with relevant regulations.

CEO Yulin Zhang of ECHEMI Global Co., Ltd. stated, "We are delighted to announce that our Drug Import License has been approved by the Thai Food and Drug Administration. This achievement highlights our commitment to providing affordable and high-quality pharmaceutical raw materials to pharmaceutical manufacturers across Thailand. We are pleased to expand our range of pharmaceutical raw materials and contribute to the Thai pharmaceutical industry."

The significance of obtaining the Thai FDA's Drug Import License is self-evident. As a company with extensive experience and expertise in the field, ECHEMI will continue to ensure that the products we offer meet the highest standards and work closely with the Thai FDA to promote industry development and innovation.

Our commitment at ECHEMI is to contribute to the advancement of the Thai pharmaceutical industry through excellent service and a professional team. We will work closely with Thai authorities, suppliers, and customers to collectively promote the continuous improvement of standards and processes for pharmaceutical raw material access. We firmly believe that through our efforts, Thailand will become a safer and more reliable pharmaceutical market, making a greater contribution to people'shealth and well-being.