GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share

- Animal Health business, following a positive 2016, is poised for strong long-term growth and industry leadership after the strategic addition of Merial

- Boehringer Ingelheim's animal health business is now the second largest company in the global animal health market

- In the Middle East, Turkey and Africa (META), Boehringer Ingelheim provides solutions that improve health in livestock, horses and poultry


United Arab Emirates – 13 April, 2017: Three months after acquiring animal health leader Merial in a strategic transaction with Sanofi, Boehringer Ingelheim revealed its ambition to compete for industry leadership worldwide in animal health. Boehringer Ingelheim's management recently discussed the importance of its animal health business and its long-term growth potential at a briefing event that took place in Ingelheim, Germany.


Following a positive year for the animal health business in 2016 with net sales increasing by 8.5 percent in currency adjusted terms to 1.46 billion euros, Boehringer Ingelheim finalized the acquisition of Merial on 1 January 2017. With the combination of these two leading and highly complementary businesses, animal health has been identified as a strategic long-term development priority for the company.


Joachim Hasenmaier, Head of Boehringer Ingelheim's Animal Health Business Unit and member of the Boehringer Ingelheim board of managing directors said, “Acquiring Merial immediately positions us to be increasingly competitive in a high-growth sector that is in a consolidation phase. By combining two dynamic companies that share the same long-term strategic vision, we are delivering a larger and more innovative portfolio of products and services to prevent disease and improve the health and productivity of animals around the world. We want to actively help shape the animal health industry by combining our forces, one with the power of two.”


Moreover, Herbert Pohle, Boehringer Ingelheim's Head of Animal health META also noted, “Animal health is one of the key drivers to sustainable human health. In large areas across the region, the animal health sector is of strategic importance as it directly links to our daily lives and overall nutrition. We remain committed to strengthening the Boehringer Ingelheim Animal Health Business Unit across the region by driving market leadership, leveraging innovation and providing customer service excellence.”


Pohle further added, “We will continue strengthening our relationship with our partners, and work with them to help drive best practices, and further develop problem-solving health solutions that maximize productivity.”


Between now and 2030, the latest forecasts predict the animal health market will double, reaching 53 billion euros. This growth will be driven by three major trends: increasing demand for animal meat in connection with changing demographics, increasing demand and diversification in the pet market, and increasing health threats due to the spread of infectious diseases from animals (avian influenza, foot-and-mouth disease, etc.).


The new Boehringer Ingelheim animal health business is now the second largest company in the global animal health market, and is the top provider worldwide of parasiticides and vaccines for both production animals and pets. The combined company is now the global leader in the pets, swine, equine and veterinary public health categories, with a strong position in poultry and cattle.


“We see an important opportunity to capitalize on the evolving trends and critical needs to prevent disease and manage the health of animals worldwide,” added Hasenmaier. “We intend to do so by ensuring a smooth integration of our businesses; extending our leadership in vaccination and parasite control programs, and focusing on pet care solutions. It is our ambition to develop new products and solutions that address unmet customer needs with an industry leading R&D investment up to 10%.”


Pohle further pointed out to that, “Preventive vaccination is one approach to controlling any diseases. The region has applied a lot of advances in this area and our commitment is to support in the investment in a healthier and more robust animal health sector which in return would reflect in stronger communities.”
The combined animal health business will in the future represent more than 25 percent of Boehringer Ingelheim's total revenue and employ more than 10,000 people. Boehringer Ingelheim expects animal health net sales to more than double in 2017 in comparison to the previous year due to the Merial integration.


Posted by : GoDubai Editorial Team
Viewed 13225 times
Posted on : Thursday, April 13, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Next Story : Pet Owners Reminded of Poison Dangers on International Animal Poison Prevention Week 2017
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
SOUQ.com hosts two-day Samsung carnival with incredible offers on Mobiles, Weara...
100 New Ways to Transform Your Home With the New Ikea Catalogue
Perfect Fragrances to Celebrate Eid
A Post-Summer Pigmentation Saviour from MZ SKIN
LG V30 to Elevate Smartphone Camera to New Heights
Next Major Smartphone From LG to Feature First-Ever OLED FullVision Display
COÉGA Sunwear Launches Contemporary Autumn/Winter '17 Conservative Swimwear
Michael Kors Debuts New Bancroft Handbag Collection
International SOS and Control Risks Advise Pilgrims Worldwide Ahead of Hajj 2017
Introducing the Fall 2017 GUESS Accessories Collection Advertising Campaign
Eid Al Adha with Paule Ka Fall-Winter '17
The Ritual of Karma
Six Down, Two to Go - ADSB Keeps Up Pace in Delivering Ships to Kuwait
Patrimony Collection Excellence Platine
Highly Anticipated Audemars Piguet Royal Oak Extra-thin Arrives in the Middle East
ICONIC announces ICONIC KIDS- Born Different
Global Jewellery Retail Chain Joyalukkas signs Award-Winning Bollywood Actress K...
Emily Ratajkowski wears Salvatore Ferragamo eyewear
UAE Team Emirates to Make Vuelta a España Debut
SOUQ.com – Your one stop shop for all back to school essentials with up to 60% off
Zenith Chronomaster El Primero Full Open
"WATHIQATI" Receives the highest number of documents since its launch ...
UAE is likely to see increased cashless transactions by 2020: Xpress Money's Str...
New UAE Space Agency Board of Directors Holds First Meeting
Education in the UAE continues to cost families almost AED 1 million per child n...
The Aston Martin Vanquish Zagatos: Speedster and Shooting Brake join Coupe and V...
Al-Futtaim Honda launches Consumer Happiness Counter initiative
Growing appetite for seafood drives demand at Middle East's largest dedicated se...
Abu Dhabi Ports seals strategic partnership with Healthpoint for wellness-coachi...
Dubai Land Department's ‘Ejari' smart application protects the right of all parties
Turkish Airlines' cross-continental flights are more comfortable now with the ba...
Kamal Vachani welcomes Rt Hon Keith Vaz MP, UK
Joyalukkas launches Diamond Earring Festival with the latest Happy Diamonds coll...
Win prizes worth over AED 2million with Al-Futtaim's retail brands
Jafza attracts 267 new companies during the first half of 2017
3rd Maritime Conference & Expo (MARACAD 2017) launches “Maritime Business Leader...
Get Ready to Go Back-to-School with Dubai Festival City
Dubai Science Park and Al Jalila Foundation sign MoU to support scientific resea...
Fiat Chrysler Automobiles to Join BMW Group, Intel and Mobileye in Developing Au...
“Gulf Navigation Holding” marked rapid profit growth in the first half of 2017 by 33%
Second phase of electronic medical record project goes live across several DHA h...
Schneider Electric and Claroty partner to address safety and cybersecurity chall...
Major Components Successfully Installed at Unit 4 of Barakah Nuclear Energy Plan...
Top Saudi Students Complete Huawei's ICT Program in China
First-of-its-Kind National Health Study to Enlist 20,000 Emiratis
Sharjah Health Education Department Announces “Health and Tourism 2017”
Sharjah calls on entrepreneurs to participate in flagship Sheraa Accelerator program
UAE Student's ‘Genes in Space' Experiment Launches to International Space Station
Selfie Superstar or Sports Fanatic? Head Back to School with the Latest Must-Hav...
UAE Welcomes the Finalists of the Most Popular INFINITI Engineering Academy Edit...