Pelican BioThermal expands global rental network in Incheon, South Korea
Pelican BioThermal is set to open a new network station and drop point in Incheon, South Korea as the country’s pharmaceutical market is expected to reach $23.3 billion by 2022.
June 2, 2020
By PLA Editor
Pelican BioThermal, the global name in temperature controlled packaging, announced the opening of a new network station and drop point in Incheon, South Korea—as the country eyes pharmaceutical development as a primary driver of economic growth. This network station is strategically located near the capital city of Seoul to enable the region to take advantage of the Crēdo™ on Demand rental option for temperature-controlled containers.
“South Korea is a significant player in the development of generic pharmaceuticals, and it’s already home to 40-plus multinational pharmaceutical companies,” said Dominic Hyde, Vice President of Crēdo on Demand at Pelican BioThermal. “Having access to a high performance, flexible rental option for shipping temperature-sensitive pharmaceuticals can expand South Korea’s reach throughout Asia and beyond.”
GlobalData reports that South Korea’s pharmaceutical market is expected to climb to $23.3 billion by 2022. According to the Korean Ministry of Food and Drug Safety, pharmaceutical exports have experienced double-digit annual growth in recent years — due to increased shipments to Europe, Asia, and North America.
The new drop point and network station join more than 100 locations across the globe supporting Pelican BioThermal’s Crēdo™ on Demand rental program. The Incheon location will service, refurbish, repair and condition Pelican BioThermal’s reusable Crēdo™ Cargo and Crēdo Xtreme™ shipping containers.
Visit the official website of Pelican BioThermal to learn more about the wide range of Pelican BioThermal products and offerings.
Pelican BioThermal is a division of Pelican Products, Inc., which is a portfolio company of Behrman Capital, a private equity investment firm based in New York and San Francisco.