INCHEON, South Korea, May 26, 2020 /PRNewswire-PRWeb/ -- Pelican BioThermal, the global name in temperature-controlled packaging, announces 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 Credo™ 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 Credo 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 increasing shipments to Europe, Asia and North America.
The new drop point and network station joins more than 100 locations across the globe supporting Pelican BioThermal's Credo™ on Demand rental program. The Incheon location will service, refurbish, repair and condition Pelican BioThermal's reusable Credo™ Cargo and Credo Xtreme™ shipping containers.
Visit http://www.pelicanbiothermal.com 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.
About Pelican Products
Pelican Products, Inc. is the global leader in the design and manufacture of high-performance protective cases, temperature-controlled packaging solutions, advanced portable lighting systems and rugged gear for professionals and outdoor enthusiasts. Their products are used by professionals in the most demanding markets including fire safety, law enforcement, defense / military, aerospace, entertainment, industrial and in numerous outdoor markets. Pelican™ products are designed and built to last a lifetime. The company operates in 26 countries, with 24 international sales offices and seven manufacturing facilities around the globe. In Europe, the company does business under the name Peli Products, S.LU. For more information, visit http://www.pelican.com or http://www.behrmancap.com.
About Pelican BioThermal
Pelican BioThermal LLC offers the widest range of temperature-controlled packaging and service solutions to the global life sciences industry. The company's products ensure that delicate biological materials arrive intact and effective, despite exterior environments. Pelican BioThermal is dedicated to developing innovative products designed to fulfill the complex needs of the global life sciences industry. The company's efforts have received recognition including the U.S. Army's Greatest Inventions, the Made in Minnesota Manufacturing award for supply chain innovators, the Finance & Commerce Progress Minnesota award for business growth and the Twin Cities Business Manufacturing Excellence award. Pelican BioThermal's customers benefit from its extensive expertise in ensuring that temperature stability is maintained throughout the distribution chain. The company also offers a complete portfolio of services and software to support end-to-end temperature-controlled packaging asset management. In Europe, the company does business under the name Peli BioThermal Limited. For more information, visit http://www.pelicanbiothermal.com.
SOURCE Pelican BioThermal
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