German thermal insulation packaging specialist via-Q-tec AG says it is strengthening its position in the Chinese market after partnering with freight transport group Worldwide Logistics. The pair are opening a new TempChain Service Centre (TSC) in Shanghai to offer clients a comprehensive portfolio of safe, cost-efficient and green temperature-controlled packaging solutions.
China's pharmacy market is, after the US, the second biggest globally. Projections estimate that it will reach a size of $200 billion by 2022. Local pharmacy companies are growing at an above-average rate and major global healthcare players are pushing into the country where there is big potential. The annual growth rates of the demand for temperature-controlled transportation and storage are the highest in the world, both for outbound business and domestic distribution.
Thanks to the strategic partnership with Worldwide Logistics VA-Q-tec says it is able to provide Chinese clients optimum availability and access to that company's container and box rental fleet. In addition, global customers are able to open trade lanes into China via the TSC in Shanghai.
After the foundation of subsidiaries in Japan, South Korea, and Singapore this step underlines VA-Q-tec's strategic expansion plan in Asia. The company has a comprehensive portfolio of high-quality passive thermal packaging solutions, ranging from small boxes to pallet size containers. The innovative products can keep a stable temperature for several days without external power supply.
With an extensive partner network and TempChain Service Centers all over the world the company says it provides clients with thermal packaging for purchase or in a convenient rental model.
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