Starwin Products
Encyclopedia
Starwin Products Ghana is a pharmaceutical manufacturer based in Ghana
. It is the first pharmaceutical company to be listed on the Ghana Stock Exchange
. It is a component of the GSE All-Share Index
. The company currently produces 10 brand name products.
in 1960. In 1976, under the Ghanaian government's indigenization program, the company sold 50% of its stock
to entrepreneurs in Ghana. In 1987, Sterling, the original company, was bought by Kodak and Starwin Products was born. On January 13, 2004 Starwin became a public limited liability company and in December 2004 the company was listed on the Ghana Stock Exchange.
Ghana
Ghana , officially the Republic of Ghana, is a country located in West Africa. It is bordered by Côte d'Ivoire to the west, Burkina Faso to the north, Togo to the east, and the Gulf of Guinea to the south...
. It is the first pharmaceutical company to be listed on the Ghana Stock Exchange
Ghana Stock Exchange
The Ghana Stock Exchange is the principal stock exchange of Ghana. The exchange was incorporated in July 1989 with trading commencing in 1990. It currently has around 30 listed companies and 2 corporate bonds. All types of securities can be listed. Criteria for listing include capital adequacy,...
. It is a component of the GSE All-Share Index
GSE All-Share Index
The principal stock index of the Ghana Stock Exchange or GSE is currently the GSE All-Share Index. This index is calculated from the values of each of the market's listings.-Market listings:-External links:**...
. The company currently produces 10 brand name products.
History
Starwin began as the Ghana branch of Sterling Products InternationalSterling Drug
Sterling Drug was a global pharmaceutical company based in the United States, known as Sterling-Winthrop, Inc. after the merger with Winthrop-Stearns Inc. and then as Sterling Winthrop Pharmaceuticals, whose primary product lines included diagnostic imaging...
in 1960. In 1976, under the Ghanaian government's indigenization program, the company sold 50% of its stock
Stock
The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...
to entrepreneurs in Ghana. In 1987, Sterling, the original company, was bought by Kodak and Starwin Products was born. On January 13, 2004 Starwin became a public limited liability company and in December 2004 the company was listed on the Ghana Stock Exchange.