PlastiComp and Mayo Clinic ink joint development agreement

By Frank Esposito
Senior Staff Reporter

Published: October 30, 2013 3:27 pm ET
Updated: October 30, 2013 3:29 pm ET

Related to this story

Topics Materials, Medical, Materials Suppliers

Materials maker PlastiComp Inc. has formed a joint development agreement with the world-renowned Mayo Clinic to develop medical products based on the firm’s fiber-reinforced composites.

Composites made by Winona, Minn.-based PlastiComp can be used as alternatives to metallic materials. They bring value to the medical market because of their lower cost, lighter weight and corrosion resistance, officials said in an Oct. 24 news release.

PlastiComp already has made prototypes for design considerations and is in contact with the medical industry, officials added. The firm is seeking collaboration with existing medical product suppliers as well as other market-entry paths.

The Mayo Clinic — based in Rochester, Minn. — ranks as the first and largest integrated not-for-profit medical group practice in the world. The group employs almost 4,000 physicians and scientists and almost 51,000 allied health staff worldwide. The practice specializes in treating difficult cases and spends over $500 million a year on research.

PlastiComp operates two plants covering a total of 115,000 square feet in Winona. Earlier this year, the firm added a new long-fiber thermoplastic compounding line. At the time, President and CEO Steve Bowen cited medical as one of several markets that was growing for PlastiComp, creating the need for new production capacity.


Comments

PlastiComp and Mayo Clinic ink joint development agreement

By Frank Esposito
Senior Staff Reporter

Published: October 30, 2013 3:27 pm ET
Updated: October 30, 2013 3:29 pm ET

Post Your Comments


Back to story


More stories

Image

Medical compounder adding two extrusion lines

February 25, 2015 3:49 pm ET

Compounding Solutions LLC plans to add two new co-rotating twin-screw extruders this year to raise its capacity and provide more flexibility.    More

Image

Solvay building PEEK unit in Georgia

February 24, 2015 8:36 am ET

Solvay SA is building a polyether etherketone resin plant in Augusta, Ga. The unit will be the company's second PEEK plant — the Brussels,...    More

Image

Polymer Points: Commodity resin prices start the year on a downward slide

February 20, 2015 6:00 am ET

The downward pricing pressure of late 2014 carried into the first month of 2015 for most North American commodity resins.    More

Image

DeFalco retiring after 17 years as Ampacet executive

February 20, 2015 2:36 pm ET

It’s a major understatement to say that Ampacet Corp. grew under the leadership of Robert DeFalco.    More

Image

Coke making progress with plant-based PET

February 20, 2015 2:12 pm ET

ATLANTA — With 1.9 billion servings per day, Coca-Cola Co. relies on a number of ways to deliver beverages around the world: fountain dispensers...    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

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

Plastics in Mexico - State of the Industry Report

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

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

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

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

More Events