Zhejiang Huahai Pharmaceuticals Co., Ltd. Overview
Company Headquarters: Zhejiang, China
Founded: 1989
Workforce: 3400
Company Working: Zhejiang Huahai Pharmaceuticals Co., Ltd, is a large scale pharmaceutical company that integrates formulations of active pharmaceutical ingredients (API) and intermediates for developing both domestic and international markets. The firm has a total asset of 1,900 million yuan, with 11 branches (subsidiaries) in the US, Shanghai, Hangzhou, and Linhai. The company is entitled as the National Key Hi-tech Enterprise, National Pilot Enterprise of Innovation is among China's top 500 private enterprises, and also possesses a "State Certified Enterprise Technology Center." The company's workshops of the formulation are designed in strict compliance with the international cGMP standard.
Strategy
Zhejiang Huahai Pharmaceuticals Co., Ltd aims at setting new standards in healthcare by creating better health for its customers. It also aims to strengthen its position in the market by carrying out various collaborations and partnerships. The constant financial growth of the company in recent years assists in gaining a competitive advantage. Reducing R&D expenditure is a part of the cost-cutting approach which hampers research and development activities.
