Industry News
Tower Cold Chain Secures Spot in Financial Times Top 1000 Fastest-Growing Companies
| Update : 24th March, 2023 |
Temperature-controlled container specialist, Tower Cold Chain, has secured a position in the Financial Times annual list of Europe’s’ 1000 fastest-growing companies.
Based on revenue growth of European companies between 2018 and 2021, the pharmaceutical cold chain expert ranked 525th place, achieving an absolute growth rate of over 300 per cent.
Tower’s strong placing in the Financial Times list reinforces the business as a leader in robust, reliable, and reusable cold chain solutions for the pharmaceutical, 3PL and airline industries, following a period of rapid and sustained growth.
This follows the company’s receipt of £13million investment since 2020 from Investec. This funding has helped Tower to grow its container stock exponentially, double its employee base and develop its global footprint via its network of strategically located hubs.
“We want to congratulate Tower Cold Chain on this fantastic achievement and are honoured to be both a lender and investor in the business. It is heartening to see the company recognised at the highest levels of the European financial community. The FT Fastest Growing Companies is a bellwether for business excellence and Tower has rightly been rewarded for their exceptional performance. We look forward to working with the Tower team as the business grows from strength to strength,” said Arjun Chopra, Head of Private Capital at Investec Bank plc.
Niall Balfour, CEO of Tower Cold Chain, added: “This accolade is a testament to the efforts of our expert team and recognises our focus on meeting our customers’ global supply chain needs. Sharing the spotlight with Europe’s fastest growing companies underpins a future investment programme unrivalled in the pharmaceutical logistics industry, as we strive to become the number one cold-chain shipping providing of choice, worldwide.”
Niall Balfour, CEO of Tower Cold Chain
The recognition by the Financial Times is not unique; Tower won six awards in the past year alone, including an Institute of Supply Chain Management Award, a Silver EcoVadis Sustainability Medal and, most notably, The Queen’s Award for Enterprise for outstanding growth in international trade.
The company also launched its latest passive container last year, the KTEvolution - which has since seen plenty of interest and success in the market. As Tower’s smallest and first manually handleable container, it is ideal for last-mile deliveries clinical trials and a solution designed for the Cell & Gene Therapy market. Much like the rest of Tower’s solutions, the KTEvolution upholds the Tower standard of being robust, reliable and reusable and can offer 120+ hours of thermal protection at temperatures from <-60°C to +20°C.
As well as the innovation and development of products, Tower has also continued to expand its hub network, which now spans across 15 countries - most recently, establishing facilities in Incheon, South Korea, Chicago and Milan.
For more information on Tower Cold Chain, click here: https://www.towercoldchain.com/
About Tower
Tower delivers proven physical and temperature protection for pharmaceutical and life science products and our robust, reliable, and reusable containers are the essential link in the stability of the cold chain.
Headquartered in the UK, we operate a global network ensuring availability and easy access to our products for all customers.
We are trusted by global pharmaceutical, logistics and airline companies and our experienced team, supported by a centralized quality-management system, reinforces customer confidence that our shipping facilities will meet requirements throughout the supply chain. Our patented design technology ensures our solutions meet the pharmaceutical industry performance standard, providing a minimum of 120 hours temperature compliance in any environment, anywhere in the world.
We work closely with our customers, realizing their requirements and how we can address emerging needs. and to deliver customer-focused innovation in temperature-controlled protection.
For Tower sales enquiries please contact:
Nick Gilmore, Global Head of Sales & Marketing
Caroline Suard, Global Marketing Manager
Email: Nick.Gilmore@towercoldchain.com
Email: Caroline.Suard@towercoldchain.com
For Tower media enquiries please contact:
Simon Kinnear, Rhiannon Hopper, Hannah Woods or Nielsen McAllister
Tel: +44 (0)1332 293939
Email: tower@nmpr.co.uk
Source : Tower Cold Chain
