On October 8, the South China Pharmaceutical Industry Smart Supply Chain Industrial Park project was officially signed in Sanshui District, Foshan. With a total investment of 1.5 billion yuan, the project is expected to achieve an annual output value of approximately 560 million yuan upon reaching full production.

The South China Pharmaceutical Industry Smart Supply Chain Industrial Park project primarily comprises a medical device assembly and production distribution center, a pharmaceutical cold chain production and service distribution center, a health product cold chain distribution center, and a supply chain distribution center. This project is a crucial component of the pharmaceutical and health industry chain. Its signing will attract upstream and downstream enterprises in the industry chain to invest and start businesses in Foshan, promoting the clustered development of the pharmaceutical and health industry and providing strong support for the high-quality development of the pharmaceutical and health logistics supply chain in the Guangdong-Hong Kong-Macau Greater Bay Area.

"Choosing Leping in Sanshui, Foshan, means not only selecting a prime geographical location but also opting for a first-class business environment, as well as openness and hospitality," said Chen Jian, Vice President of AsiacoldGroup. He noted that the efficient and pragmatic working style of various departments in Foshan has strengthened the company's confidence and determination to invest in the city.

Foshan is renowned as the "Hometown of Lingnan Traditional Chinese Medicine" and has developed a thriving industrial landscape encompassing biological medicine, chemical drugs, modern Chinese medicine, and medical devices. In 2023, the revenue of Foshan's health industry reached 85.4 billion yuan, marking a 15% year-on-year increase. There are over 280 high-tech enterprises in the pharmaceutical and health sector, with the industry cluster aiming for a target scale approaching 100 billion yuan.

Reporter | Eleanor

Reviser | Lynn, Zoey

Photo | Foshan News and Media Center

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