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Company Details
Company Name   Website
Adco   www.adcopharma.com
     
Description

Arab drug company for pharmaceuticals was established in 1963, It is an Egyptian joint venture company having  a long history of achievements since its foundation as it is considered as one of the leading companies in pharmaceutical drug manufacturing in Egypt and the Arab world..

Adco Co. has a unique competitive advantage for being the first producer and a specialized pioneer for the production of inhalers and sprays in Egypt and the Middle East.

The aerosoles manufacturing line was primarily founded in early nineties and was using Freon gas as a carrying base in its production, but in year 2006, Egypt had  signed on "Montréal  agreement" for fighting environmental damage caused by Freon , since that commitment, the company has worked hard to exchange this gas to another environmentally  friend one, and assigned all the items stated in this agreement, by a  successful collaboration with UNIDO association that aided the company with technology transfer supported by international experts assigned from Cardiff  University in England and the Italian company "Ferry" with the Advisory consultation Group 12 C.

The company is developing another new section for the production of "Metered Dose Inhalers" in accordance to the latest GMP guidelines and the national requirements of the Egyptian Ministry of Health , it was successfully approved and licensed and began its actual production lately in December 2010 beside its old production of traditional inhalers used internally by inhalation or externally as topical anesthetic sprays or topical antibiotic spray "Polybiotic Spray", which is used widely for patients with burns and for surgical wounds.

The company is planning to double its production from inhalers and sprays by establishing another production line to cover all the Egyptian market and export demands, this planning will be carried out totally and side by side with the renovation and modernization of other production lines such as tablets, capsules, ointments, creams, suppositories and syrups.

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Members of the Board

Dr/ Tamer Mohamed Ahmed  Elhoseny              Managing Director

                           Dr/ Mahmoud  abbas hamdy Chairman Of The Board

Mr/ Ahmed hamdy abbas                                Non-Executive Member

 Mr/ Mohamed hamida yones breek                   Elected Member 

                              Mr/Maher mqar touadrous  Elected Member

Dr/Niveen raafat abd allah gad                               Member  

 

 

Audit Committee:

Dr\Mahmoud abbas hamdy                         Director 

Mr\Amed hamdy abbas elawadi                   Member

Dr/Usama mustafa abd elbaset                        Member

 

                      

Company Main Indicators   (in thousands of Egyptian Pounds)

     
Indicator 2018-2019 2019-2020 2020-2021
Net Operating Revenue 34647 521073 537047
Interest Expenses 660 0 0
Net Income 43103 92800

102039

Net Equity 189504 248786 309633
Working Capital 137128 201356 238477
Total Investment 298590 371834 446268
Salaries 93899 99600 108167
Number of workers 1261 1192 1143
   
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