The global medical device industry is experiencing robust growth—it is forecast to grow at a 4.5% compound annual growth rate through 2023, according to business forecaster Lucintel Services—and, as the saying goes, a rising tide lifts all boats. That would seem to be the case for thermoformed packaging supplier Placon (Elkhart, IN), which has doubled its thermoforming capacity with the addition of a Class 8 cleanroom. The company also announced that it will install a new press that is expected to be operational by the end of this month.
The new cleanroom was designed to hold three additional thermoforming presses, and plans are already underway for installation of the second press, said the company in a press release. “The expansion will allow us to provide better customer service to our partner accounts, get their products to market faster, and supports our corporate strategy for growth in the medical packaging market,” said John MacDougall, Medical Sales Manager, in a prepared statement.
Placon noted that it has been aggressively targeting growth in the medical and healthcare market space. It acquired Barger, a supplier of thermoformed packaging to the medical and pharmaceutical industries, in 2011, and brought into the fold another packaging company, Brookdale Plastics, in 2016. Last year, Placon added additional people and presses to meet demand.
In addition to the Elkhart facility, which is certified to ISO 13485, the 50-year-old company operates two other medical production plants in the Midwest. Placon manufactures custom thermoformed trays, clamshells and BargerGard protective packaging made from TPU. In addition to the medical industry, it serves the food and retail markets.