Phillips-Medisize expands MIM facilities
November 15, 2014
Phillips-Medisize Corp., USA, is undertaking a $30 million expansion at five facilities throughout Wisconsin in a move that is expected to create nearly 500 new jobs. The company’s Metal Injection Molding (MIM) facility in Menomonie will expand to nearly 4700 m2. Phillips stated that the expansion allows for the installation of ten additional injection moulding machines and a new continuous debinding and sintering furnace. This will be the second expansion of the facility in the last two years and makes a total of four continuous and three batch furnaces at the site.
The expansion drive will also see a 3000 m² addition at Phillips-Medisize’s medical facility in New Richmond. This will include the construction of additional clean room space due to the facility’s focus on the manufacturing and assembly of diagnostic and surgical products. Construction is expected to be complete in late 2015.
Phillips-Medisize states that it also plans to add more experienced personnel to its Design Development Centre staff over the coming months. These individuals, stated the company, will be experienced design and development professionals who will assist in the commercialisation of pharmaceutical devices, allowing Phillips-Medisize to continue to provide its customers all the resources necessary to take a drug delivery device from the bench to the patient’s bedside.
To help secure the new jobs, the Wisconsin Economic Development Corporation (WEDC) has authorised Phillips-Medisize to receive up to $5 million in state tax credits over 39 months. The actual amount of tax credits the company will earn will be contingent upon the number of jobs created.
“Phillips-Medisize is already a major employer in Wisconsin with 1,400 employees at twelve facilities throughout the state. An investment of this magnitude really solidifies this growing company’s commitment to Wisconsin,” stated Scott Walker, Governor of Wisconsin. “Phillips-Medisize has operations around the world and had other options for this expansion. Their decision to stay and grow here says a lot about the state’s strong business climate and dedicated workforce.”
Phillips-Medisize has already started construction at facilities in New Richmond and Menomonie, and future expansions are planned at its facilities in Hudson, Phillips, Medford and Eau Claire. “Phillips-Medisize has a laser focus on supporting our customer’s growth and the company’s new business awards through continued investment in our people, process and facilities,” said company Chairman and CEO Matt Jennings.
“We are excited to announce the investments in our facilities that will expand our capabilities, enable us to hire employees with needed expertise and will allow us to deliver on our commitments to our customers with the right resources, at the right time.”