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

Small is beautiful in Nissei's newest press

November 21, 2014 2:14 pm ET

Responding to customer demand for flexibility, Japanese plastics-equipment manufacturer Nissei Plastic Industrial Co. Ltd. is demoing a caster-...    More

Image

Three advancements have driven injection molding technology

November 21, 2014 6:00 am ET

Injection molding technology has made major advances in the last 25 years, from largely a world of shoot-and-ship to doing as much as possible at the ...    More

Image

Netstal, Electra Form team up for PET preform partnership

November 20, 2014 3:15 pm ET

The Netstal division of Krauss-Maffei Corp. is teaming up with Electra Form Industries in a partnership to offer PET preform machines and molds as a...    More

Image

Thomson Plastics opens N.C. plant

November 20, 2014 3:12 pm ET

Custom injection molder Thomson Plastics Inc. has opened a new manufacturing facility in Lexington, N.C.    More

Image

Molder Carclo expands in China, chasing medical growth

November 19, 2014 3:44 pm ET

U.K.-based injection molder Carclo plc is “significantly” expanding its Chinese medical manufacturing capacity with a new factory, as the ...    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

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

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

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events