Asheboro, N.C.-based Technimark LLC is investing 26 million euros ($27 million) to expand operations in Longford, Ireland, doubling the size of its existing plant.
The 50,000-square-foot expansion will add to Technimark's medical manufacturing capacity with precision injection molding assembly, finished device assembly and contract manufacturing, a Dec. 2 news release said.
"A key component in our organic growth strategy is ensuring we have state-of-the-art clean room facilities and open capacity to support our customers' current and future manufacturing needs," Kris Peavy, chief commercial officer and president of healthcare at Technimark, said in the release.
Earlier this year, the company acquired a 204,000-square-foot medical facility adjacent to its U.S. headquarters.
It also has major expansions underway at facilities in the United Kingdom, Germany and China to support growth in the medical market, the release said.
"We've seen tremendous growth in our medical business globally, and our robust pipeline of new contracts from our strategic customers and prospects is driving the need for expansions," Peavy said.
"Technimark is committed to growing our business in Ireland and we are extremely excited to have this new space available for our global medical customer base," CEO Brad Wellington added. "Ireland is seeing pronounced growth in the MedTech market, and our facility is ideally located to serve our customers in the region."
The expansion in Ireland will include Technimark's first Innovation Center in Europe, the release said. The center will feature office space for designers and engineers and a complete production lab for prototype manufacturing.
Technimark manufactures products for the health care, consumer packaging and specialty industrial markets with facilities in the U.S., Mexico, Germany, Ireland, the United Kingdom and China.