Ferring announces second $3 million donation to the RTA

Ferring Pharmaceuticals, announced during the inauguration a second $3 million donation to the Royal Textile Academy of Bhutan to support its mission to preserve and promote Bhutanese textiles and improve the livelihoods of the weavers who make them.

At the opening of the new Royal Textile Academy facilities in Thimphu, Bhutan, Michel Pettigrew, President of the Ferring Executive Board, said, “We are very keen that this major cultural initiative of preserving Bhutan’s traditional skills and heritage continues, and that the commercial momentum which will enhance the quality of life and economic prospects of the weavers will be able to grow over the next few years.

This is of great importance to all of us at Ferring as we conduct our business under the Philosophy of ‘People Come First’.”

In 2009, Ferring donated $3 million to the Academy in order to fund the creation of a new cultural centre in Thimphu. The new grant was used to support the continued development of the academy, which now includes a state-of-the-art museum, a textile weaving school and conservation centre.

On behalf of Her Majesty, the Executive Director of the Academy, Mrs. Rinzin O. Dorji thanked the Ferring Group and said “This grant will not only benefit the weavers of Bhutan, through the academy it will contribute to economic development in the region.”