Global plastic injection molding leader doubling size of medical manufacturing facility in Longford, Ireland
LONGFORD, IRELAND, (December 2, 2022) – Technimark, a global manufacturing leader for the medicalmarket, announced today that it had expanded its operations in Longford, Ireland, with a 50,000-square-foot addition, doubling the size of its existing plant. Technimark will be investing €26 million to expand the facility’s capacity in medical manufacturing, including precision injection molding, value-added assembly, finished device assembly and contract manufacturing.
“A key component in our organic growth strategy is ensuring we have state-of-the-art cleanroom facilities and open capacity to support our customers’ current and future manufacturing needs,” said Kris Peavy, chief commercial officer and president of healthcare. “Our many expansions around the globe underpin that strategy.”
In addition to Ireland’s expansion, Technimark recently acquired a 204,000-square-foot medical facility adjacent to its U.S. headquarters and has major expansions underway at facilities in the United Kingdom, Germany and China to support growth in the medical market.
According to Peavy, the company currently serves customers worldwide from 13 manufacturing facilities across North America, Europe and Asia. “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,”said Brad Wellington, chief executive officer. “Ireland is seeing pronounced growth in the MedTech market, and our facility is ideally located to serve our customers in the region.”
The new expansion will also include Technimark’s first European Innovation Center. The center will incorporate office space to house designers and engineers as well as a complete production lab to perform prototype manufacturing.
Technimark is a global manufacturing solutions provider for the healthcare, consumer packaging and specialty industrial markets. Technimark specializes in precision injection molding, value-added assembly and contract manufacturing. Technimark provides clients with customized, end-to-end solutions based on technology and innovation that improve quality, reduce risk, lower costs and speed products to market. With facilities in the United States, Mexico, Germany, Ireland, the United Kingdom and China, Technimark delivers high-quality products worldwide. As part of Technimark’s commitment to sustainable and responsible business practices, the company has embedded the Ten Principles of the United Nations Global Compact into strategies and operations, and committed to respecting human and labor rights, safeguarding the environment, and working against corruption in all its forms. For more information, visit technimark.com.