Sponsored By

Wisconsin Governor Scott Walker visited Phillips-Medisize Corp. in New Richmond, WI, yesterday to join company officials in announcing the company's undertaking of a $30 million expansion at five facilities throughout the state, a move that is expected to create 484 new jobs. In particular, the company will expand its metal injection molding capabilities as well as cleanroom manufacturing and assembly operations.

PlasticsToday Staff

November 14, 2014

2 Min Read
Contract medtech manufacturer Phillips-Medisize announces $30 million expansion in Wisconsin

Wisconsin Governor Scott Walker visited Phillips-Medisize Corp. in New Richmond, WI, yesterday to join company officials in announcing the company's undertaking of a $30 million expansion at five facilities throughout the state, a move that is expected to create 484 new jobs. In particular, the company will expand its metal injection molding capabilities as well as cleanroom manufacturing and assembly operations.

medisize-walker-300.jpg

Phillips-Medisize CEO Matt Jennings (left) takes Wisconsin Governor Scott Walker on a tour of the company's New Richmond facility.

Phillips-Medisize Corp., a provider of design, development, and manufacturing services to the medical technology and other industries, has already started construction at facilities in New Richmond and Menomonie. Future expansions are planned at its plants in Hudson, Phillips, Medford, and Eau Claire.

The expansion of the metal injection molding facility in Menomonie, which will total nearly 50,000 square feet when completed, will allow the site to house an additional 10 molding presses and one continuous debind and sintering furnace. This will be the second expansion of the site in the last two years. Concurrent with this expansion, the company will add another continuous debind and sintering furnace, bringing four continuous and three batch furnaces to the site.

The project also calls for a 33,000-square-foot addition at Phillips-Medisize's medical facility in New Richmond. This expansion will include the construction of additional cleanroom space to accommodate the facility's focus on the manufacturing and assembly of diagnostic and surgical products. Construction is expected to be finished in late 2015.

Additionally, Phillips-Medisize plans to add more highly experienced personnel to its Design Development Center staff over the next nine months. These individuals will be experienced design and development professionals who will assist in the commercialization 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, the company said in a news release.

"Phillips-Medisize is already a major employer in Wisconsin, with 1400 employees at 12 facilities throughout the state," said Governor Walker. "An investment of this magnitude really solidifies this growing company's commitment to 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," Walker added.

To help secure the new jobs, the Wisconsin Economic Development Corporation has authorized Phillips-Medisize to receive up to $5 million in state tax credits over the next 39 months. The actual amount of tax credits the company will earn will be contingent upon the number of jobs created.

Phillips-Medisize, which celebrated its 50th anniversary last month, gets about 80% of its nearly $600 million in revenue from medical-related products.

Sign up for the PlasticsToday NewsFeed newsletter.

You May Also Like