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SHTCM contracted with Longde

December 5, Shanghai Traditional Chinese Medicine Co., Ltd. (SHTCM) signed an official cooperative contract with the people's government of Longde County, Ningxia for a "TCM planting and processing base" project. The cooperative contract aimed at speeding up Shanghai Pharma’s layout development across the whole industrial chain in the TCM sector, and at promoting the pharmaceutical development in Longde, Ningxia.

Liu Xuewu, member of Municipal Standing Committee and deputy mayor of Guyuan, Ningxia, and Pan Jianning, head of Longde People's Government, arrived in Shanghai to attend to the signing ceremony on the day. The SHTCM-Longde TCM Planting and Processing Base will be built into a standardized planting demonstration base that deals with primary processing of Chinese herbal medicines and intensive production of major TCM varieties.

Zhan Yi, former mayor of Putian, Fujian, and Teng Yilong, former chairman of SIIC, attended the ceremony and wished the "Shanghai-Ningxia" cooperation a success.

Cho Man, executive director and president of Shanghai Pharma, said in SPH’s development strategy, TCM has always been a strategic core industry. Shanghai Pharma has established TCM planting bases and Chinese herbal piece factories in Sichuan, Yunnan, Shandong, Hunan, Liaoning, etc. The signing of the contract marked a new start and exploration of SPH’s investment and development in Longde, Ningxia. With support from the local government, and the benign investment environment there, SPH is fully confident with the future cooperation and development in Longde, and will certainly build a win-win relationship with the other side to contribute to the revitalization of the national TCM industry and to the great goal of health China.

SHTCM had previously conducted a number of investigations before selecting Longde as its optimal site for TCM layout in Northwest China. Chen Junli, chairman and general manager of Shanghai TCM Co., Ltd., said Shanghai TCM, as a core TCM section under Shanghai Pharma, always adhered to the positioning of the "whole-industry-chain TCM development" and "Quality First" strategy. The cooperation with Longde government was to implement SPH’s development strategy in the TCM industry, and to accelerate the national layout of TCM resources. In the future, by building bases in proper regions, SPH will give full play to the advantages of its TCM resources regional companies, further command the authentic TCM resources, and achieve sharing of quality TCM resources within the group.

Longde County in Guyuan boasts convenient transportation, obvious geographical advantages, and also a variety of authentic medicinal herbs with good quality. The cooperation will surely drive the development of the local TCM industry and economy, so as to achieve the vision of building a "Western Medicine Valley" and realize the "win-win" situation.

Moreover, Shanghai Pharma plans to establish further cooperation with Longde and develop more public service projects, thereby doing its little bit to help build the harmonious society.


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