Bormioli Pharma Expands Capacity and Infrastructure for North American Market; Achieves 47% Sales Growth in the Region During 2023
Bormioli Pharma today announced a significant increase of 47% in its North American sales for 2023. This notable growth is a direct result of the company's rapidly evolving infrastructure and expanded capacity, tailored to meet the unique demands of the North American pharmaceutical market, including an increased need for pharmaceutical glass vials.
Bormioli Pharma strengthened its strategic focus on the US market four years ago by establishing a new legal entity and a commercial branch in the US. From then on, the company’s on-site commercial team has been expanded, an FDA-approved warehouse established, and dedicated product offerings compatible with regional standards have been designed. For North American customers, this translates into the availability of a reliable and flexible packaging partner that can streamline their purchasing processes while reducing supply chain complexity, shortening their time-to-market and supporting them in the development of high-value projects with local, qualified support.
“As we grow our presence in North America and expand our capabilities to meet regional standards, we are committed to the partnerships that enable us to broaden our reach,” said Johann Depperschmidt, Bormioli Pharma’s Head of Sales, Americas. “To best serve our North American customers, we've adapted our manufacturing processes to produce Type I Glass expansion 33 vials in our European facilities, ensuring robust production and backup. We have an on-site, dedicated US sales team and a local warehouse, and we look forward to expanding these resources further in 2024. Additionally, we are collaborating with a US-based sterilization company to prepare ready-to-use packaging kits.”
Bormioli Pharma’s Chief Executive Officer, Andrea Lodetti noted, “Our momentous growth in the North American market embodies our dedication to meeting and exceeding the evolving needs of this dynamic market. We are not just expanding our footprint but also enhancing our efficiency and adaptability. This growth aligns perfectly with our mission to provide innovative and sustainable pharmaceutical packaging solutions, and we are proud to say that our growth is not only robust but also responsible.”
Bormioli Pharma has committed to several initiatives that place the company at the forefront of sustainable pharma packaging.
The company has embarked on a strong ESG path and is working to publish its third ESG Report later this year. Bormioli Pharma made notable progress in its “50-in-5” program that aims to achieve 50% of sustainable raw materials in its pharmaceutical packaging sold products by 2025. In 2023, the company successfully increased its use of sustainable raw materials to 45%, up from 39% in the previous year. Additionally, it conducted comprehensive analyses on its sustainable pharma packaging, reaffirming the uncompromised safety and reliability of its products. Furthermore, Bormioli Pharma recently collaborated with Loop Industries, a leading Canadian technology company, to develop an innovative and sustainable pharmaceutical packaging solution manufactured with 100% recycled virgin quality Loop™ PET resin.
To learn more about Bormioli Pharma’s comprehensive packaging solutions and sustainability initiatives, please see Bormioli executives at DCAT Week 2024 in New York City (March 18th-21st) or contact dcat@bormiolipharma.com.