Bridgehead for African Market
Green Cross MS and Green Cross Laboratories announced on October 10 that they have signed a memorandum of understanding (MOU) to cooperate in clinical examination sector with Sudan Central Lab, which is under the umbrella of the Sudanese government, at the Green Cross MS headquarters in Yongin, Gyeonggi Province.
Under the agreement, Green Cross MS will transfer technologies about production facilities, provide semi-finished products and implement businesses related to its blood glucose measuring devices, while Green Cross Laboratories will provide consulting services regarding its clinical testing business to Sudan Central Lab.
Green Cross Laboratories Director Lee Eun-hee said, “The company plans to take this opportunity to provide Africans with the clinical research technology and operational know-how of the Green Cross Laboratories which have accumulated over the past 35 years.”
“The company expects that the latest MOU will become a bridgehead to enter the African market in earnest,” said Green Cross MS CEO Kim Young-pil.
Meanwhile, Green Cross MS signed a US$12.3 million contract in March to supply blood glucose measuring device to Algeria, a sovereign state in North Africa, through U.S.-based TECO Diagnostic.