Temperature control packaging company, va-Q-tec, is expanding its global footprint in Asia Pacific with a new facility in Singapore.
With subsidiaries already in South Korea and Japan, the new entity in Singapore is the next step in va-Q-tec’s global expansion in Asia, the company says. The goal is to increase commitment in the APAC region and meet the demand for high performance solutions and products in the temperature controlled supply chain industry, the German company adds.
To implement temperature-sensitive logistics chains, va-Q-tec operates a fleet of globally available rental containers and boxes meeting demanding thermal protection standards under the ‘TempChain’ umbrella.
Singapore and the whole region with its hot and humid weather conditions is one of the most challenging temperature environments for TempChain transportation on the globe, the company says. “By opening a site and a TempChain Service centre in Singapore, va-Q-tec broadens its TempChain Service Network and product offering in the region, together with local partners such as Singapore Airlines, Japan Airline and Cathay Pacific Airlines,” it adds.
In highlighting its choice of Singapore, va-Q-tec noted the city-state is a central logistics hub with modern airport and infrastructure facilities, one of the most open economies in the world and the EU’s most important trading partner in the region. Singapore also has a substantial pharmaceutical industry presence with more than 30 of the world’s leading pharmaceutical technology firms establishing offices and manufacturing plants in Singapore.
“This opens up opportunities to attract new customers and partners for va-Q-tec,” the company says.
For the pharma market that requires temperature controlled transportation, projections show that the CAGR between 2019 and 2023 exceeds 6.0 per cent, per annum. This growth is being driven by tightening temperature control regulations in pharmaceutical value chains, va-Q-tec says.