P&G Biomed Signs Exclusive Supply Contract with Tianjin Corporation, China

P&G Biomed, a manufacturer of microbial testing film media, will supply film-type bacterial detection media (AC) to Tianjin Zhonglin Science and Technology Development Co., Ltd., a consumer goods supplier for Chinese government agencies.

On the 13th, P&G Biomed announced that it signed an exclusive supply contract with Tianjin Zhonglin Science and Technology Development Co., Ltd. in Tianjin, China, to supply its dry film media product, Petricore, to the Chinese government for three years, delivering 100 million sheets annually, with a cumulative contract value of approximately 150 billion KRW.

Petricore is a product that met all evaluation criteria in general bacterial verification tests conducted according to regulations such as those of the US FDA, Korea's Ministry of Food and Drug Safety, and ISO, performed by Eurofins, the world's leading testing organization.

[Image source=PnG Biomed]

Under this product supply and exclusive sales license agreement, Tianjin Zhonglin Science and Technology Development Co., Ltd. will have priority supply rights to government agencies within China, including Hong Kong, Macau, and Taiwan.

Choi Hyun-jong, CEO of P&G Biomed, stated, "It is significant that China, which has used 3M's film-type bacterial detection media for over 40 years, plans to replace it with our products starting from major government agencies," adding, "Although we have received technology transfer requests from several countries including China, we will pioneer the market under the name of Korean products and technology, even if it takes more time and effort."

Tianjin Zhonglin Science and Technology Development Co., Ltd. is an official consumer goods supplier to the Chinese government and operates businesses including subway construction, subway convenience system supply, and a national technical certification academy under its group.

P&G Biomed, a materials and components company, plans to hold a performance presentation on the 17th at the Korea Exchange, showcasing the results of efficacy verification tests of dry film media conducted with testing laboratories from 10 countries worldwide, marking the success of 'core material localization.'

This content was produced with the assistance of AI translation services.