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
Air & Cargo Services air cargo Air Cargo Asia air cargo freight Air Forwarding air freight Air Freight Asia Air Freight Logistics air freighter air freighting Air Logistics Asia Air Shipping Asia airlines cargo airways cargo asia cargo news cargo aviation Credo on Demand Incheon Pelican BioThermal pharmaceutical South Korea
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.