ABOUT TERUMO PENPOL The Birth The entrepreneurial journey of Balagopal involves around the Story of Peninsula Polymers (Penpol) Pvt Ltd which he founded in 1983. Peninsula Polymers (Penpol) Pvt Ltd., incorporated in 1983, was the brainchild of former IAS officer, C. Balagopal. Captivated by a newspaper article on blood bag technology, the young bureaucrat embarked on an entrepreneurial journey that led to pioneering steps in biomedical device manufacture. Partnering with Sree Chitra Tirunal Institute for Medical Sciences and Technology (known then as the Chitra Medical Centre), Penpol started production in its factory in Trivandrum, Kerala, on 26th March 1987, with TTK Pharma as its sole sales agent. In 1989, the company achieved some significant milestones like sending out its first export shipment, and setting up its R&D division. New Horizons In the mid-1990s, although the Indian economy had opened up, imported medical equipment was still expensive. More importantly, such equipment could not be serviced or repaired easily. Letting the winds of customer demand fill its sails, Penpol started manufacturing blood transfusion and allied equipment in 1996, and, in 2001, the company began its export. A Partnership Across Boundaries In 1999, Penpol entered into a joint venture with the multibillion dollar Terumo Corporation of Japan, and changed its name to Terumo Penpol. By teaming up with an international company that had a reputation for unimpeachably superior technology and global marketing capability, Terumo Penpol took yet another step towards becoming a world leader in developing and manufacturing innovative devices, equipment and accessories for blood transfusion. The Way Ahead Twenty-eight years ago, Penpol came into being to fulfill its dream of uniting science and a spirit of enterprise, to give millions of ailing people a new lease of life. Today, that vision remains the pivotal point, as Terumo Penpol moves forward into the future as an innovative enterprise operating in Blood Transfusion domain. With Terumo’s recent acquisition of CaridianBCT, Terumo has become the world leader in Blood Management. The Blood Transfusion division of Terumo is being re-organised under the newly acquired company which has been renamed as TerumoBCT. The Apheresis and Cellular Therapy products of Terumo BCT complements Terumo Penpol products to provide a full range of blood collection, storage and processing solutions for Hospitals and Blood Centres in India and other countries.
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