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Zhonghong Medical and Grupo Vital S.A.S. Entered into a Strategic Partnership

2022-12-23

On December 23rd, the signing ceremony of strategic cooperation between Zhonghong Medical and Grupo Vital S.A.S. was held online. The parties will jointly further develop the medical market in South America based on their joint strength enhanced by the strategic partnership, and maintain a sustainable long-term business relationship between the two parties. 

Jun Chen, President of Zhonghong Medical, and Oscar, president of Grupo Vital S.A.S, signed the contract on behalf of each party respectively. Meng Qingkai, Chief Financial Officer of Zhonghong Medical, Zhang Linbo, Secretary of the Board of Directors of Zhonghong Medical, Shi Da, General Manager of Zhonghong International, Su Zhisheng, Deputy General Manager of Zhonghong International, and Shen Zhenlin, Deputy General Manager of Zhonghong Medical Strategic Investment Headquarters attended the signing ceremony.

With distribution network in Ecuador, Peru, Puerto Rico and Venezuela, the company has established close business relationship with the clients in the neighboring Spanish-speaking countries based on its strategic location.


 As one of the largest importers of disposable medical consumables in Colombia, Grupo Vital S.A.S., established in 2008, imports more disposable nitrile gloves than all the other market players in Colombia. The company is specialized in trading nitrile gloves, natural rubber latex gloves, surgical gloves and vinyl gloves, as well as infusion products, protective clothing and masks in health care and non-health care fields.


As a member of the state-owned enterprise groups of Fortune 500 companies, Zhonghong Medical has been developing in the medical device industry for 20 years.  As a national high-tech enterprise, a national key provider of the medical supplies for epidemic prevention and control, and one of the top 100 leading enterprises in strategic emerging industries in Hebei Province, with a Grade A tax-paying credit, the company is specialized in the research, development, production and sales of high-quality disposable health protection products, medical sterile instruments and other medical consumables and equipment.  The company is named one of the top 50 listed medical device companies in China and ranked among the most influential medical companies in China in 2021. In 2022, Zhonghong Medical Technology Center was rated as the best organization by Hebei Development and Reform Commission. With its products sold to more than 80 countries and regions such as the United States, Europe and Japan, the company are rated as V client by China Export & Credit Insurance Corporation.


Grupo Vital S.A.S. has developed rapidly and gradually become a leader in Colombia's nitrile gloves market based on the quality products and good reputation of Zhonghong Medical since it entered into business relations with Zhonghong Medical in 2020. The long-term and stable business relationship between the two parties has set stage for expansion of the market share in Colombia through joint efforts.


The conclusion of this strategic partnership will continue to help both parties develop business based on shared distribution network, complementary resources and win-win cooperation. In the future, Zhonghong Medical will continue to provide high-quality products and services to users in various industries around the world under the guideline of its global strategic vision. 


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