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 Medical, Materials, 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

Baxter may be looking for a Boston home

August 28, 2014 11:46 am ET

As Baxter International Inc. may be staking out real estate in the Boston area for its headquarters, Illinois faces the prospect of having to dangle...    More

Image

LyondellBasell to build feedstock plant on Gulf Coast

August 28, 2014 11:05 am ET

LyondellBasell Industries will build a world scale propylene oxide plant on the U.S. Gulf Coast with a capacity of 900,000 metric tons per year.    More

Image

Bayer seeing success in project to replace petroleum with C02

August 28, 2014 10:18 am ET

Bayer MaterialScience says its research into the potential of using carbon dioxide as a raw material already is paying off in studies showing that...    More

Image

Sony entering recycled PC market

August 27, 2014 11:08 am ET

Consumer electronics giant Sony Corp. is getting into a sideline of selling recycled resins.    More

Image

Mission Plastics brings new automated work cell on line

August 26, 2014 4:17 pm ET

Custom injection molder Mission Plastics Inc. and a customer have created a $1.5-million automated work cell for a medical diagnostics product.    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