Anaheim, Calif. — Zeus Industrial Products plans to invest $91.9 million and hire 370 more employees at two of its facilities in South Carolina.
The Orangeburg, S.C.-based components manufacturer also has launched a new series of extremely thin-walled liners extruded from polytetrafluoroethylne (PTFE) that it says will advance catheter designs to improve patient care.
The closely held business has not disclosed what's driving the need to add 148,000 square feet of manufacturing space and 350 workers in Gaston, S.C., but hiring is underway for some positions. That $76 million expansion won't be completed until 2019.
Zeus also will invest $15.9 million and add 20 employees to its existing operations in Orangeburg, where plans call for a 64,000-square-foot expansion to centralize engineering and offer tooling design, parts fabrication, tooling production and machine assembly.
Founded in 1966, Zeus sells tubing, wires and fibers to the medical, automotive, electrical and fiber optics markets. Its latest innovation: PTFE liners with a maximum wall thicknesses of 0.00075 inches (0.01905 mm) for the very inner part of catheters.
Called StreamLiner XT, this is the thinnest extruded PTFE liner available, Zeus' material scientist Irina Roof said at the Medical Design & Manufacturing West trade show, held Feb. 6-8 in Anaheim.
"This is about half the thickness of the traditional legacy products on the market," Roof said of the recently launched ultrathin product.
The series also contains StreamLiner VT, which is slightly larger with a maximum wall thickness of 0.001 inches (0.025 mm).
Zeus developed PTFE tubing with superthin walls in 1968 for a division of Johnson & Johnson, which was one of its first medical customers. The company's business model has long been to collaborate with customers on special extrusions.