I Name of the project

The project of marine organism extraction of Weihai Huayang Pharmaceutical Co., Ltd.

II Introduction to the project unit

Founded in 1992, Weihai Huayang Pharmaceutical Co., Ltd. is modern pharmaceutical enterprise integrating scientific research, production and marketing. The factory covers an area of 35,000 square meters, the construction area of 15,000 square meters, has registered capital of 56.4 million Yuan and the total assets of 150 million Yuan. The company obtained the Certificate of GMP for Pharmaceutical Products issued by Shandong Food and Drug Administration in May 2004, and in April 2009, the company passed the GMP re-certification after expiration once again. The company has 19 preparations of approval number of five dosage forms, such as tablets, hard capsules, granules, ointments and oral liquid.

III Project content and scale of the construction

The project introduces new production technology and equipment of medicine and food, including but not limited to: extract production of marine organisms, pectin production, American ginseng extract and so on. Cooperate with professional domestic and international manufacturers in market, and develop new domestic and international markets with existing production technology and equipment.

IV Construction conditions of the project

With 19 preparations of approval number, GMP certification, advanced production equipment, the annual processing capacity of 3,000 tons of crude drugs, the company is currently a large-scale integrated pharmaceutical company in Shandong Province with complete equipment and centered on phytoextraction and production of Chinese traditional medicine.

V Total investment of the project

$ 100 million

VI Market and economic benefit analysis and forecast

After the project is put into production, sales revenue in amount of 200 million will be newly increased each year and the profit in amount of 40 million can be achieved.

VII Ways of cooperation

Joint venture, cooperation

VII Contact information

Contact address: Commerce Bureau of Wendeng District, Weihai City

Contact person: Li Zongwen

Post code: 264400

Contact number: 0086-631-8456416