TekniPlex Healthcare is investing $46 million to open a new manufacturing plant in Madison, Wis., by early 2024.
The facility will be the company's second in Madison. It will employ 75.
"In order to better serve our customers in the medical device, pharma and diagnostics market, we felt the need to make this investment," said Mark Miller, head of sales at TekniPlex Healthcare. The company's existing facilities in Madison and Milwaukee are not big enough to accommodate the new equipment the company wants to install.
The first piece of equipment the company is adding is an air knife coater, which will be used to make heat-sealed coated, medical-grade Tyvek and heat-seal coated reinforced paper. The firm also plans to add extrusion lamination, adhesive lamination and flexographic printing.
"From a capability standpoint, the new site will have elements that we already have today in both, current Madison and Milwaukee," Miller said. "It would be kind of a combination of all the capabilities we're already having in those two sites."
The new equipment is designed to create high yields and low waste.
"At our current Madison site today, we generate almost no landfill waste," Miller said. "We have that ability to segregate our waste and make sure it's properly recycled."
Being a new site that will be located only six miles away from the current Madison site, there will be a focus on collaboration between the two facilities.
"Madison is a very well educated and skilled workforce in that in that community," Miller said. "We've had a lot of success with our current Madison facility."
The new facility in Madison will be operating under ISO 13485:2016 quality management system, which certifies ability to provide medical devices.
Wayne, Pa.-based Tekni-Plex Inc. also recently announced that it is spending about $8.5 million to double capacity at its Cartago, Costa Rica, health care plant, adding six medical tubing extrusion lines plus downstream equipment.