Irish companies sign deals worth over €50m at World’s largest trade exhibition

Irish companies sign deals worth over €50m at World’s largest trade exhibition

Four Enterprise Ireland backed companies, Irish Breeze, Reagecon, Solvotrin Therapeutics and Novaerus have today announced new strategic partnerships with Chinese partners.

The deals were announced at the inaugural China International Import Exhibition (CIIE), the world’s largest trade exhibition. Minister for Business, Enterprise and Innovation, Heather Humphreys TD is leading the six-day Enterprise Ireland trade mission to China, alongside Enterprise Ireland CEO Julie Sinnamon.

Nine Irish companies backed by Enterprise Ireland are showcasing the depth and range of Irish industry during the inaugural CIIE event in Shanghai, with the announced deals highlighting the #IrishAdvantage abroad.

The companies announcing new deals today include healthcare, skincare, medtech and diagnostics specialists, and highlight the opportunity for significant growth in Asia Pacific, particularly on mainland China.  
 
Deals announced today at CIIE include:
  Irish Breeze signs deal with JD.com with plans to achieve sales of €25 million within five years for their Water Wipes product 

• Reagecon Diagnostics Ltd agrees distribution agreement with Beijing Thorigin for €10 million over five years 

• Solvotrin Therapeutics and Shanghai Fosun Pharmaceutical sign exclusive distribution agreement in Chinese market for Solvotrin’s product, Active Iron for over €15m per year over 3 years

Other Irish companies showcasing under the Irish Advantage banner include; Hostelworld, Glen Dimplex, Emerald Green Baby, Cartoon Saloon, PM Group, Orbis and PPI.
 
Welcoming the deals announced today, Minister for Business, Enterprise and Innovation, Heather Humphreys said, "The breadth and scale of these four landmark signings is a testament to the hard work undertaken by Irish companies and the support offered by the Government through Enterprise Ireland. Irish companies are winning business across international markets at an unprecedented scale and I would like to congratulate everyone involved on these latest successes."

Source: www.businessworld.ie