The pharmaceutical industry is one of the leading industries in China, and it includes the production of synthetic chemicals and drug, prepared Chinese medicines, medical devices, apparatus and instruments, hygiene materials, packing materials, and pharmaceutical machinery. In the past ten years, China's rapidly changing health-care environment is intended to extend basic health insurance to a larger portion of the population and give individuals greater access to medicines and treatment. Following this change, the pharmaceutical industry is projected to grow exponentially. As of 2007, China has about 6,000 domestic pharmaceutical manufacturers and 14,000 domestic pharmaceutical distributors. In the last 10 years, China's pharmaceutical industry environment has been transformed dramatically. China’s entry to the WTO has brought a stronger patent system and stiffened pharmaceutical-related regulations. As a result,
China has become one of the largest pharmaceuticals market in the world.
China Kanghe Pharmaceutical Packaging Technology (HK) Co., Ltd.
China Kanghe Pharmaceutical Packaging is a wholly foreign owned enterprise located in the Shandong HuiMin Economic Development Zone. Kanghe embodies passion for the science of pharmaceutical manufacturing, delivers power in the technologies behind our products, and productivity for the modern medicine industry that drives the world. Kanghe pursues a strategy of diversity in their products, markets, and geographic locations, leveraging technologies and modern science to ensure consistent progress. Kanghe’s technological strength and leadership are driven by patient's needs.
Shandong Xianghe Medical Equipment Co., Ltd.
Shandong Xianghe Medical Equipment is a partner company of Kanghe. Xianghe was founded to help chemists and pharmaceutical scientists to automate and eliminate repetitive, time-consuming tasks. Solutions are at the heart of everything Xianghe does. Investigators in research and academia, drug discovery and development; manufacturers of chemical products, therapeutics, and food; regulators of water safety standards—all depend on Xianghe’s technology and equipment. Dedicated to perfection in chemical analysis, Xianghe empower scientists to quickly separate, isolate, and identify chemical components. The scope of Xianghe technology consistently expands and evolves to meet patient’s needs.
A New Pharmaceutical Manufacturing Plant In Huimin, Shandong
Kanghe Pharmaceutical Packaging and Xianghe Medical Equipment will jointly build a new pharmaceutical manufacturing plant in the Shandong Huimin Economic Development Zone. The production plant will cover 40 hectares of land, of which an area of 200,000 square meters will be used for manufacturing. Upon construction completion, the manufacturing plant will be empowered with an array of high quality pharmaceutical machineries and equipment to handle everything from production to packaging. The machineries will be used for tableting, tube filling, liquid filling, labeling and other pharmaceutical production tasks. It has been projected that the new manufacturing plant will generate RMB 3.8 billion of annual revenue, RMB 530 million of annual tax income and 2000 new jobs.
A report from China's Social Science Academic Press in 2012 estimated that total Chinese pharmaceutical sales would exceed USD 350 billion by the year 2020. Today, China is already the third largest market behind U.S. and Japan, and it has been predicted that by 2015, China will surpass Japan and become the second largest market. Since the last decade, China has broadened health insurance coverage and increasd pharmaceutical spending; China’s prescription market will reach over USD 155 billion in 2015 and grow further to USD 260 billion in 2020. With the rapidly increasing demand of pharmaceutical manufacturing, the Binzhou government is committed to supporting current and future pharmaceutical enterprises to expand and thrive.