Establishment of a Joint Venture by Alpro Pharmacy And Sugi Holdings Co., Ltd.
By Alpro Pharmacy
June 28, 2023
From left to right Dr. Ph. Hiew Fei Tsong (Alpro Co-Founder), Ph. Low Swee Siong (Alpro Founder), Mr. Katsunori Sugiura (Sugi Holdings Corporation Representative Director & President), Mr. Tsuyoshi Yamamoto (Sugi Holdings Corporation General Manager)
Kuala Lumpur, June 28, 2023 – Alpro Pharmacy Group (hereinafter referred to as Alpro Pharmacy), the largest prescription pharmacy in Malaysia announces the establishment of a joint venture with Sugi Holdings Co., Ltd. (hereinafter referred to as “Sugi Holdings”), a leading Japanese Retail Pharmacy company to form Alpro Sugi Venture Sdn. Bhd.
The joint venture aims to enhance business expansion opportunities for both partners by combining their expertise and resources in the pharmaceutical sector. Alpro Pharmacy and Sugi Holdings have been collaborating since forming a business strategic partnership on July 6, 2022 to exclusively offer Japanese healthcare and personal care products in Malaysia. With the establishment of Alpro Sugi Venture Sdn. Bhd., the companies aim to further strengthen their relationship and promote mutual growth.
Alpro Sugi Venture Sdn. Bhd., will primarily engage in the drugstore business. By end of the fiscal year of 2023, the joint venture plans to open several Japanese-style drugstores in Malaysia. The establishment of Alpro Sugi Venture Sdn. Bhd. will enable the introduction of Japanese healthcare and personal care products to the Malaysian market, providing local consumers with access to a wide range of popular made-in-Japan brands to better support the local community’s health. Furthermore, the joint venture aims to expand the drugstore business across Southeast Asia, bringing Japanese-style drugstores to countries such as Brunei, Singapore, and Indonesia.
Key Details of the Joint Venture:
Company Name: ALPRO SUGI VENTURE SDN. BHD.
Location: Unit V1-A, Lot 45880, Jalan Techvalley 3/2, Sendayan Techvalley, 71950 Bandar Sri Sendayan, Negeri Sembilan, Malaysia
Representative: Low Swee Siong, Managing Director
Business Description: Drugstore business
Overview of the Companies Involved:
Company Name: ALPRO ALLIANCE SDN. BHD.
Location: Unit V1-A, Lot 45880, Jalan Techvalley 3/2, Sendayan Techvalley, 71950 Bandar Sri
Sendayan, Negeri Sembilan.
Representative: Low Swee Siong, Representative
Business Description: Drugstore business operations
Alpro Alliance Sdn. Bhd. is a member company of Alpro Group, a prominent Malaysian pharmacy chain operating over 250 touchpoints across Malaysia. Alpro Alliance is based in Negeri Sembilan, Malaysia. Low Swee Siong represents the company as the Representative.
Company Name: SUGI Holdings Co., Ltd.
Location: 1-8-4 Mikawaanjo-cho, Anjo City, Aichi, Japan
Representative: Katsunori Sugiura, Representative Director and President
Business Description: Business management and operation of the entire Sugi Pharmacy Group
Sugi Holdings Co., Ltd. is a Japan-based company specializing in the management and operation of the Sugi Pharmacy Group. The company is headquartered in Anjo City, Aichi Prefecture, Japan. Katsunori Sugiura serves as the Representative Director and President of Sugi Holdings Co., Ltd.