A TRADING company that supplies pharmaceuticals and other commodities to some of the most difficult regions of the world has won the Waterford City Enterprise Board’s overall enterprise award for 2008.
Bricved Ltd has carved out a niche market over its 19-year history under the direction of Brian and Bridget Edmondson, who will represent Waterford City Enterprise Board at the National Enterprise Awards 2008 in Dublin Castle next month.
Bricved sources European quality pharmaceuticals and supplies them directly to pharmaceutical wholesalers in Africa and elsewhere.
The company arranges and organises the registration of each product with the relevant overseas health authorities. Bricved is expanding into the markets of Uganda and Tanzania and a number of other locations.
According to Brian Edmondson, Bricved has had some challenging obstacles to overcome of late. In 2003 the company’s Sierra Leonean agent was sadly killed in a plane crash, resulting in serious difficulties in the region. Bricved was also affected by the weakness of the US dollar which adversely impacted profits in the Afghanistan market.
Throughout the turmoil the company directors made tough decisions to keep cash flowing, cutting back salaries and putting personal funds into the company. The company now has three full-time employees who deal directly with sole agents in a number of markets.
Meanwhile, winner of the Best New Business Award at the ceremony went to Gallwey’s of Waterford which manufactures luxury handmade chocolates, supplying speciality food outlets.
It was founded in 1992 by the Gallwey family but has been run by Ger and Yvonne O’Brien and family since 2007. The closely guarded recipes go back generations and the business traces its origins to 1835 when Henry Gallwey started his whiskey blending business in Waterford.
Waterford Mayor Cllr Jack Walsh said: “Waterford City Council has a tremendous commitment to facilitating business development but it is those who take the risk of setting up their own company who will ultimately create employment and wealth.
“Since inception over 15 years ago, Waterford City Enterprise Board’s direct financial assistance to 630 projects amounted to €6.6 million and in excess of 1,000 net new jobs were created in the city and in the same period over 3,500 participated in a variety of training and development programmes.”
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