JAKARTA (Yosefardi) – Pharmaceutical firm PT Kalbe Farma Tbk (KLBF) mulls to build factory in Vietnam and Thailand, to expand its volume export of pharmacy products.

KLBF opts to seek partners for its business expansion overseas. However KLBF has not so far gained permits or licenses from the government of Vietnam and Thailand for setting up the joint venture entities at both countries.

KLBF has operated its factories in Philippines and Nigeria with investment cost of US$35 million each. KLBF targets export business to contribute 10% revenue by 2020, compared to current 5%.

KLBF booked net profit of Rp528 billion in the first quarter of 2015 on sales of Rp4.24 trillion. Compared to the same period of 2014, net profit and sales grew by 7.07% and 4.43% respectively.