Sinopharm To Set Up Another Pharmaceutical Logistics Base

Sinopharm has signed an agreement to invest more than RMB 120 million ($17.4 million) to set up a pharmaceutical logistics base in the Hefei Economic and Technological Development Area. With its low logistics costs, Hefei city in central China represents the nation's key transportation hub. The base is scheduled to start construction at the end of this year and will go into operation in 2009. After completion, the project will reach sales levels of RMB 5 billion ($727.6 million). It is poised to provide a standardized, integrated modern public pharmaceutical logistics platform to promote the consolidation of related enterprises in Hefei and its periphery. (Click here for more - Chinese Language)