Pelican BioThermal expands global rental network in Incheon, SK

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 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 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 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.