German medical device company continues investment expansion in China with confidence

Fresenius Kabi (Nanchang), a subsidiary of the German healthcare giant Fresenius Kabi, has been expanded five times since it first invested in east China's Nanchang City in 2002, driven by the sound development momentum of the Chinese market and the country's favorable business environment.

Located in the Nanchang Economic and Technological Development Zone, the subsidiary, with a workforce of only about 1,000 employees, reported sales revenue exceeding 534 million yuan (about 74.95 million U.S. dollars) in 2023.

As an important research, development and production base of medical devices for Fresenius Kabi, the Nanchang Subsidiary produces infusion and blood transfusion terminal equipment and medical consumables.

"Fresenius Kabi (Nanchang) has become the most important production base, research and development center and logistics distribution hub of the Fresenius Group in the Asia-Pacific region, with its products reaching over 60 countries and regions worldwide," said Zhang Guangzong, vice president of Fresenius Kabi MedTech China.

Since its investment in Nanchang in 2002, the company has undergone five expansions and three capital increases, with the total investment reaching nearly 600 million yuan.

"The Chinese market is very important for us, for our products. So, it is a second largest market in the world for med-tech products. So, it's good to be here local to understand the customers' requirements, customers' needs, and also be close from proximity to customers being easy to supply and deliver. China is a very competitive country when it comes to manufacturing, but also when it comes to R&D (research and development). So, we don't have here only manufacturing, but we also have a very strong R&D team here to do R&D work," said Christian Hauer, a member of the Fresenius Kabi management board and president of Fresenius Kabi MedTech.

Hauer expressed strong confidence in China's investment prospects, saying that the company plans to continue launching more R&D and production projects in the country.

"I think we are growing here in China usually a lower double digit, and we see that should continue the trend, and also the plant. We hear also from our customers good feedback, the market is strong, the market is growing. We see additional opportunities to drive our business here in the Chinese market," he said.

German medical device company continues investment expansion in China with confidence

Chinese Vice President Han Zheng met with Deputy Prime Minister and Foreign Minister of Vietnam Bui Thanh Son in Beijing on Tuesday, with both sides pledging to promote the China-Vietnam community with a shared future.

Noting that China and Vietnam are comrades in the socialist cause and good partners on the path of reform, Han said General Secretary of the Central Committee of the Communist Party of China and President Xi Jinping and General Secretary of the Communist Party of Vietnam Central Committee and President To Lam have made strategic plans for advancing the China-Vietnam community with a shared future, providing clear direction for the development of bilateral relations.

Noting that next year marks the 75th anniversary of the establishment of diplomatic relations between the two countries and the China-Vietnam Year of People-to-People Exchanges, Han said the two sides should follow the important consensus reached by the top leaders of the two parties and two countries, maintain strategic communication, expand practical cooperation, consolidate the foundation of public opinion, strengthen multilateral coordination and promote the building of a China-Vietnam community with a shared future, bringing more benefits to the two peoples.

Bui Thanh Son said that developing long-term friendly relations with China is the consistent proposition, objective requirement, strategic choice and top priority of Vietnam's diplomacy.

Vietnam firmly adheres to the one-China policy and is willing to strengthen high-level exchanges, consolidate political mutual trust, deepen pragmatic cooperation with China, and jointly promote the building of a Vietnam-China community with a shared future with strategic significance, he added.

Chinese, Vietnamese officials pledge to promote China-Vietnam community with shared future