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US-based tooling and contract moulding specialist GW Plastics Inc., headquartered in Bethel, Vermont, has reported that it will invest £5.1m ($6.8m) at its site in Sligo, Ireland.
The cash will be used to support new product development, precision tooling production and thermoplastic and liquid silicone injection moulding. Further, the project will see moulding operations moved to a larger, 28,000 sq ft site.
GW Plastics said the investment will help to meet a growing demand for medical devices in the region.
"Having the ability to produce high-cavitation, flashless moulds in-house is a key point of differentiation," said Anthony Fleszar, GW's sales manager for North America. “There's not a lot of companies who can provide that service.
“We developed that out of our Vermont [headquarters], taking advantage of the infrastructure we have there from a tooling standpoint. Designs associated with LSR tooling is one of the most challenging aspects of doing it. We have the technology to be able to produce the moulds, as well as working very aggressively to develop the intellectual property of how to design the moulds."
The plastics firm has invested £18.9m ($25.0m) in new expansion projects and technology over the past five years. These projects include major additions to the sites in Vermont, Arizona and Texas, plus Ireland and China.
The firm operates four facilities in the US and one each in Mexico, China and Ireland. More than 80% of company business is related to the health care industry.