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Chinese pharmacy giants on buying spree in Australia

Chinese pharmacy giants on buying spree in Australia article image

More than 400 Chinese pharmacists – who own nearly 100,000 pharmacies across China – have arrived in Melbourne to source Australian made products.

While Australian baby formulae and milk powder are a priority they are also seeking vitamins, supplements, perfumes and honey among a wide range of locally produced products for the $350 billion Chinese pharmacy industry.

The delegation will attend the inaugural Australia-China Complementary Health Products Expo which begins today at the Pullman Hotel in Melbourne.

Over 130 Australian manufacturers of health products will be promoting their products to the Chinese at the three-day expo.

Mr Ken Smith, chairman of the Australia-China Business Council, said the visit by the Chinese pharmacy industry was the biggest and most influential to come to Australia.

“It is a wonderful opportunity for Australian manufacturers to promote their products to China as well as local distributors to discuss managing the influx of Chinese complementary medicines products into Australia,” he said.

The Victorian government last night sponsored a welcome dinner.

The Australian Pharmacy Guild is a major sponsor of the Expo along with vitamin manufacturers Swisse and Blackmores.

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