Phillips-Medisize eyes design center in Suzhou

Rebecca Kanthor
PLASTICS NEWS CHINA

Published: October 3, 2013 2:20 pm ET
Updated: October 3, 2013 2:29 pm ET

Image By: Rebecca Kanthor, Plastics News Phillips-Medisize President and CEO Matt Jennings

Related to this story

Topics Medical, Injection Molding, Design

Fresh from finishing its first acquisition in China, contract manufacturer and medical molding firm Phillips-Medisize Corp. plans to open a satellite design center there.

Speaking at a news conference at the recent Medtec China show in Shanghai, Phillips-Medisize President and CEO Matt Jennings did not offer details about the design center in its new Suzhou factory, but said the company will hire engineers over the next year to staff it.

The privately held Hudson, Wis.-based company bought both the Suzhou factory and Omni Manufacturing Services SA de CV in Queretaro, Mexico, in July from Swiss firm Adval Tech Group. Terms were not disclosed.

The plant in Suzhou is ISO 9001 and 13485 compliant and has capabilities to manufacture intravenous drug delivery devices, Jennings said at the Sept. 25 event. The company said it was encouraged to come to China by its clients.

"This is our first step in China. We see this as the largest and most important market for us in Asia," he said. "We will focus on working with local customers to help design and develop products for them. We think that will keep us busy for a while."

Jennings said Phillips-Medisize has been awarded one new medical drug delivery finished device that will be transferred from Switzerland to China for the China market, to be launched in April or May. The Suzhou factory is certified by the Chinese State Food and Drug Administration to manufacture finished drug delivery systems and related devices.

He said the company is in talks with a dozen companies, mostly North American and European but including a few Chinese, about work in the Suzhou operation.

Jennings said the company went through a long two-year search, looking at 100 possible acquisition candidates before narrowing the list to two or three finalists.


Comments

Phillips-Medisize eyes design center in Suzhou

Rebecca Kanthor
PLASTICS NEWS CHINA

Published: October 3, 2013 2:20 pm ET
Updated: October 3, 2013 2:29 pm ET

Post Your Comments


Back to story


More stories

Image

Somple named president of Mack Molding

September 2, 2014 4:30 pm ET

Jeff Somple, president of Mack Molding Inc.'s Northern division, has been promoted to president of all of Mack Molding Inc.    More

Image

GI Plastek to open expanded N.H. plant

September 2, 2014 3:02 pm ET

GI Plastek Wolfeboro LLC, a custom structural foam and injection molder of medium and large parts, is unveiling a 35,000-square-foot expansion this...    More

Image

Minnesota Rubber & Plastics has new leader, new focus

September 2, 2014 12:18 pm ET

With new leadership, Minnesota Rubber & Plastics is setting the foundation for long-term success.    More

Image

Baxter investing $300 million to expand dialyzers production in Alabama

August 29, 2014 12:53 pm ET

Baxter International, Inc. is expanding its Opelika, Ala. manufacturing location to boost production of dialyzers, a key component of hemodialysis...    More

Image

Obituary: Jerry Williams, Prism Plastics co-owner

August 29, 2014 8:50 am ET

Williams founded Prism Plastics with Rod Bricker and Gerry Phillips, after the three left Huron Plastics Group in 1999.    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events