$2.5 billion market
Collagen forges JV to exploit Chinese market
It says Cre8ive (China Resources & Investment Vehicle) will open up the market in China, with offices and staff in Beijing.
Cre8ive is a conglomerate, operating solely within the People’s Republic, focusing on exclusive or high barrier to entry investment opportunities.
Glasgow-based Collagen Solutions will provide the initial investment into the JV, in a controlled manner, whilst Cre8ive will provide the territory expertise, support services, administrative and regulatory support in Beijing. The initial holding of the joint venture company will be 60:40 in favour of Collagen Solutions.
Dr. Stewart White (pictured), chief executive of Collagen Solutions, said: “The purpose of the joint venture company will be to expedite the marketing and supply of our medical grade collagen materials and regenerative medicine products to customers within the People’s Republic of China.
“It is our intention to build our business in China as well as exploring opportunities to expand our activities in finished medical devices. We believe that we have found a trusted partner in Cre8ive and that the company can benefit from their many years’ experience in the territory.
“Our control of the JV significantly de-risks this investment, whilst opening the business to significant upside both in terms of the supply of raw materials, but also the ability to increase value added opportunities, in what is clearly a sizeable and growing healthcare market forecast to grow to $2.5 billion in wound care alone by 2020.”
Cre8ve was established in 2006 as a private investment holding company, focused on exclusive or high-barrier-to-entry investment opportunities in China.
The business develops and operates payment and merchant technology solutions and works directly with several central government bodies and SOEs, such as; the Ministry of Public Security, China Union Pay, CWLC, also providing white label services ultimately also for the benefit of Ministry of Finance and Ministry of Civil Affairs.
Cre8ive’s strategy is to focus on two dynamic, high growth sectors, such as Big Data and Healthcare, each with a real estate backbone and technology overlap.