Simon Walton's business doing big business in China
SIMON Walton is proof that being a small business doesn't mean you can't do big business in China.
In fact, the managing director of Australian Reproductive Technologies (ART) has had so much success he is set to be held up as a case study at international economic forum, the G20 summit, which will be held in Brisbane in November.
ART is also featured in a new e-book published by the State Government called Shining bright - a celebration of Queensland small business.
Mr Walton has entered a 10-year joint partnership with Chinese company Shanghai Dairy to utilise his cattle IVF technology.
ART has five employees, while the huge Shanghai Dairy employs about 150,000.
Essentially, the technology identifies the elite cattle and takes their embryo, before implanting it in other cows so they too are giving birth to calves with elite genetics.
They will also set up a training program for Chinese staff.
Mr Walton connected to Shanghai Dairy through the state government's Handshakes program at Beef Week 2012, and has had several trips to China since then.
The program works to connect international visitors with local expertise.
ART has been in business for seven years and does around 1000 pregnancies annually in Australia.
But the Chinese company wants 4000 pregnancies in the first year, and looks to increase that to 75,000 a year over a five-year period.
They currently have about 70,000 dairy cattle, but are looking to increase their herd to 250,000.
"The demand from China for our dairy cattle exceeds our ability to supply," he said.
"Our dairy cattle are generally superior to theirs in terms of genetics.''