Medical device maker to invest $18 million in new Florida plant

By Jeremy Carroll
Assistant Managing Editor

Published: November 25, 2013 3:14 pm ET
Updated: November 25, 2013 3:16 pm ET

Related to this story

Topics Medical, Injection Molding

Medical device manufacturer Covidien plans to open a new production facility in Hillsborough County, Fla., state officials announced.

The company plans to invest $18 million in the site, and create 165 jobs with the project. The company is in temporary space and will move into a 62,200-square-foot facility in mid-2014, Gov. Rick Scott's office said. Based in Dublin, and with a U.S. headquarters in Mansfield, Mass., Covidien has more than 38,000 employees in more than 70 countries.

Covidien manufacturers a number of items, including medical devices and medical supplies. The company did not announce what it plans to manufacture at the site.

Scott pointed to Florida's elimination of sales tax on manufacturing equipment as a potential key in driving the facility opening to the sunshine state.

"This announcement is great news and we will continue working hard to provide more jobs and opportunities for Florida families," he said in a statement.

Phil Devlin, vice president and general manager of Covidien, said they are excited about the new facility in Hillsborough County, home to Tampa Bay.

"We specifically selected Hillsborough County for several reasons, including its talented workforce and the Tampa Bay region's business climate, economy and quality of life," Devlin said in a statement. "Our new facility will not only provide jobs for the local community — it will support Florida's growing life science industry as well."

Covidien, a publicly held company, recently reported fourth-quarter and fiscal year 2013 results. The company reported net sales of $10.24 billion in fiscal year 2013, 4 percent higher than the $9.85 billion it reported in 2012.

Covidien reported medical device sales of $2.13 billion in the fourth quarter of 2013, up 3 percent over the same period last year. That jump was attributed to new products and increased volume of existing products, the company said. For the entire year, sales of medical devices climbed 5 percent to $8.49 billion in 2013.


Comments

Medical device maker to invest $18 million in new Florida plant

By Jeremy Carroll
Assistant Managing Editor

Published: November 25, 2013 3:14 pm ET
Updated: November 25, 2013 3:16 pm ET

Post Your Comments


Back to story


More stories

MGS buying N.Y. medical molding plant from Hospira

April 17, 2014 10:19 pm ET

MGS Manufacturing Group is purchasing the Buffalo, N.Y., injection molding facility and related product line of Hospira Inc., effective July 1. Terms ...    More

Image

German auto supplier Dr. Schneider opens second US plant

April 17, 2014 12:57 pm ET

Dr. Schneider Kunststoffwerke GmbH, a German supplier of plastic interior auto parts, has opened a $29 million manufacturing plant in Russell Springs,...    More

Image

Adding flavor to capture sales

April 16, 2014 4:03 pm ET

Water bottles increasingly are designed and molded with filters and infusers to hold fruit, vegetables or herbs to give water a different taste.    More

New Tigre, ADS JV aims to open more doors for Tigre in US

April 16, 2014 12:15 pm ET

A new joint venture between Tigre S.A. Brazil, a leading PVC pipe maker, and Advanced Drainage Systems Inc., the world's largest high-density...    More

Image

Austria's Greiner building a foothold in the US rigid packaging market

April 15, 2014 1:22 pm ET

Greiner Packaging International GmbH, one of Europe's largest makers of rigid plastic packaging, now wants to make its mark in the United States.    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Automotive Market Review and Outlook 2014 The Americas

This 75-page report features in-depth analysis of the automotive industry for the Americas. It includes discussions of market trends, legislative/regulatory activity impacting production and threats as well as design strategies being implemented by the major automakers. Detailed charts and data tables outline North American automotive production over the last five years.

Learn more

Plastics Building & Construction Market Review and Outlook 2014 with MS Excel chart data

This report provides in-depth analysis of the plastic building and construction market for North America, including discussions of trends, opportunities, threats and the latest developments in construction trends that impact plastics processors.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

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

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events