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Colorcon is a world leader in the development, supply and support of formulated products for the pharmaceutical industry.
The company experienced a 13% increase in sales revenue between 2015 and 2017, and has grown sales in both established and emerging markets.
Its competition predominantly comes from its customers, some of whom manufacture and develop their own in-house products. To combat this, the business focuses on developing next generation products, which are cheaper, faster and functionally superior to those created by competitors.
Continuous improvement manager, Craig Wilson, said: “Overall, we have a strong focus on achieving our financial goals, which have been captured under the banner of something called Project 35.”
Colorcon is aiming to increase sales revenue by 3% year on year, and operating income by 5%. This will be done by protecting business with established customers through the delivery of superior service, and a focus on customer relations.
Clients will carry out proactive Coloron Value Contribution reviews, which assess the businesses’ performance in terms of product quality, performance and service provision. This will allow the company to deal with any areas in which performance falls short of customer expectations. Colorcon has also invested heavily in its manufacturing operations in recent years, and aims to develop employees by offering targeted training.
Mr Wilson added: “Colorcon delivers superior products and services, resulting in a hard-won and well deserved dominant market share. “Our diverse customer base and product range results in a depth of knowledge and experience that is unrivalled in our industry. “In fact, it is safe to say, if you have ever taken a tablet then it will have most likely contained one of Colorcon’s products.”