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

Ohio molder Denbro Plastics moves to new location

September 29, 2014 6:17 pm ET

Logo products injection molder Denbro Plastics Co. has moved to another plant within Toledo, Ohio, to streamline production and improve efficiency.    More

Image

Global giant Foxconn to make, sell molding machines

September 26, 2014 2:48 pm ET

For years, Taiwan's Foxconn Technology Group has been the world's largest contract manufacturer for electronics, with more than 1 million employees...    More

Image

Nypro Healthcare continues to grow following Jabil acquisition

September 26, 2014 1:59 pm ET

Nypro Healthcare's newest medical device manufacturing facility offers 200,000 square feet of carefully configured Class 8 clean room molding and...    More

Image

England's Essentra buying Abric Berhad

September 26, 2014 11:31 am ET

Packaging firm Essentra plc has announced the planned acquisition of Abric Berhad, a Kuala Lumpur-based manufacturer of security sealing products.    More

Image

Cascade founder believes business can be a place for real change

September 25, 2014 11:06 am ET

Companies can make a difference in a person's life, and Fred Keller, founder of Cascade Engineering Inc., believes it is important that they do.    More

Market Reports

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our industry analysis highlights macro industry trends and micro trends faced by companies that do business in Mexico. The report also provides key industry statistics and forecasts to anticipate future industry expansion.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

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

More Events