Welsh pharmaceutical specialist, Biotec Services International, has been recognised for its outstanding performance in overseas markets at this year’s British Chamber of Commerce Awards.
The Bridgend based company, which was established in 1997, has seen sales increase by 517% in five years and now employs 52 people.
Biotec impressed judges and beat off stiff competition from across the UK with the way it has taken its expertise in temperature-controlled pharmaceutical services across the world
“Britain is a hotbed of innovation and entrepreneurship, and it’s absolutely right that the best of these businesses are seeking opportunities to take their proposition into new markets and grow their customer base,” said Shannon Diett, Vice President of Marketing, DHL Express UK, which sponsored the award.
“It’s businesses like Biotec that can once again make Britain a country of products and services that the rest of the world value and invest in.”
Its expertise in supporting clinical trials from the early stages through to the commercial supply of a product has proven especially popular overseas, with 95% of sales linked to international trade in countries such as the United States and Israel. Its clients include some of the world’s largest pharma groups.
“I believe Biotec was awarded the achievement in international business for both qualitative and quantitative reasons,” said Keren Winmill chief executive officer at Biotec Services.
“We have increased our turnover and profitability in the period and have followed our growth strategy very effectively.
“We have been able to develop a new facility in Bridgend, and we have increased our head count from 25 in 2009 to almost 60 employees currently.
“Biotec has been able to successfully expand our existing new markets despite the tough economic time.
“Our biggest export markets are the USA and Canada, Israel and South East Asia. Winning this award shows that Welsh businesses can do international business, and do it very well.”
More than 500 guests were on hand at the Guildhall in London to witness the culmination of the competition, which is the flagship event in the Chamber’s ‘Business is Good for Britain’ campaign.
“Biotec’s success is an excellent example of what can be achieved by businesses here in Wales,” said David Russ, managing director of the South Wales Chamber of Commerce.
“The company has been proactive in pursuing international opportunities and the growth in its sales figures over the last five years shows that this strategy has paid off.
“Biotec’s example is one that every business in Wales should follow if they want to fulfil their growth potential.”
Now in its 9th year, the British Chambers of Commerce (BCC) Awards 2012 are supported by the RBS Group, DHL Express, BT Business, Dell, Westfield Health, Club Wembley and Acua Limited.