Partnership agreement signed with Chinese pharma giant

   
   
  China-Resources-Group
18 Aug 2014 18:13:30.290

The University of Nottingham has signed a wide-reaching memorandum of understanding with China Resources Pharmaceutical Group (CRPG) in Beijing, which will see close collaboration between the two organisations in a range of areas.

Under the agreement, which was coordinated by the University’s Asia Business Centre, CRPG will partner with Nottingham in a number of ways, including training, staff exchanges, student internships and research and development.

In addition, CRPG has built a pharmaceutical industrial park in Beijing which has been funded by the Chinese government. The company will work the University to develop this park by learning from the BioCity model, a Nottingham based bioscience incubation centre of which the University is a co-founder.

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Building on a strong relationship
The University of Nottingham already has an existing relationship with CPRG. It worked with the company in 2013 to design and deliver a two-week long executive training course for the senior managers of its subsidiary China Resources Pharmaceutical Commercial Group. Earlier this year, six students from the University’s School for Contemporary Chinese Studies went to China to intern with different sub-companies within the China Resources Group. 

Speaking at the signing, Professor Chris Rudd, Pro-Vice Chancellor for External Engagement at the University, said: “We are very excited to be expanding our links with CPRG. The company is one of the biggest pharmaceutical manufacturers in China, and this agreement will see many of our staff and students working with CPRG on a range of new projects and initiatives.”

Last year, Madam Jisheng Chen, the General Manager of CRPG, received an honorary professorship from Nottingham University Business School in recognition of her outstanding achievements in the field of healthcare and pharmaceutical industry.

Mutual benefits
Commenting on the new partnership with the University, Madam Chen said: “We very much look forward to further collaboration with The University of Nottingham in these key areas. The expertise of the University will undoubtedly help CRPG reach a higher stage on the international platform; we cherish our relationship with Nottingham and will strive for working together to our mutual benefits.”

With revenue of £5.2 billion, CPRG is one of the top three pharmaceutical companies in China, and is one of the seven core business units of its parent company, China Resources (Holding) Co., Ltd. Dating back to 1938, and with an annual turnover of over £38 billion and more than 420,000 employees, China Resources is one of the longest established and largest central government owned enterprises in the country. CRPG is ranked 144th in the latest Fortune Global 500 list.

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Notes to editors: The University of Nottinghamhas 43,000 students and is ‘the nearest Britain has to a truly global university, with campuses in China and Malaysia modelled on a headquarters that is among the most attractive in Britain’ (Times Good University Guide 2014). It is also the most popular university among graduate employers, the world’s greenest university, and winner of the Times Higher Education Award for ‘Outstanding Contribution to Sustainable Development’. It is ranked in the World's Top 75 universities by the QS World University Rankings.

Impact: The Nottingham Campaign, its biggest-ever fundraising campaign, is delivering the University’s vision to change lives, tackle global issues and shape the future. More news…

Story credits

For more details about this story, contact Sally Zhou, Senior Executive Asia Business Centre, on +44(0)115 951 6803
Nick King  

Nick King - Marketing and Communications Manager, Energy Research Accelerator (ERA)

Email: nicholas.king@nottingham.ac.uk Phone: +44 (0)115 74 86727 Location: Coates Building, Faculty of Engineering, University Park Nottingham

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