Noosa News
Sandalwood giant Quintis strikes deal with China’s largest manufacturer of traditional medicines
The world’s largest Indian sandalwood producer has struck a deal that will see Santalum album exported from Western Australia’s Ord Valley and developed into new products for the booming Chinese traditional medicine market.
Key points:
- Sandalwood giant Quintis has signed an MOU with Lanzhou Foci Pharmaceuticals
- The traditional Chinese medicine market has been identified as a major growth industry for Indian sandalwood producers
- Quintis plans to expand its harvest operations across WA’s Ord Irrigation Scheme
Yesterday Quintis signed a memorandum of understanding with China’s largest manufacturer of traditional medicines, Lanzhou Foci Pharmaceuticals, a state-owned company listed on the ShenZhen Stock Exchange.
The collaboration is thought to…
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