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TCM headquarters and production base to be built in Ningxiang EDZ

By | nxiang.net| Updated:  Jun 01,2021 L M S
Hunan Guohua Pharmaceutical Co., Ltd. signed a contract with Ningxiang Economic Development Zone to build its TCM (traditional Chinese medicine) health industry headquarters and integrated production base in Ningxiang EDZ on May 28. It just took less than 1 month to achieve this cooperation, a new record of the time used in introducing a project. 
 

 
Hunan Guohua Pharmaceutical, founded in 1991, is a state-controlled modern TCM pharmaceutical enterprise of Hunan Academy of Chinese Medicine (Hunan University of Chinese Medicine). The company has production lines of herbal extracts, tablets, granules and hard capsules, 14 inventions and patents for utility model. Besides, there are 18 drugs that have been approved by the state including tablets, granules and hard capsules, which involve in the treatment of cardiovascular diseases, anti-tumor drugs and etc. Its staple products like gastrodia elata and fleece-flower root tablets and capsules are sold throughout China, accounting for 60% of the market share.
 

 
It plans to invest 500 million yuan in this project to build its headquarters and a modern and intelligent manufacturing base, which specializes in producing Chinese patent drugs (various types), prepared herbal medicine, hospital preparations and health products. It is expected to gain an annual sale of 389 million yuan and pay the annual tax exceeding 46 million yuan after it is put into full production.