New
State-of-the-Art Manufacturing Plant in Penang, Malaysia Supports Growing
Customer Presence in Region
Accellent Inc. (the "Company" or
"Accellent"), a leading provider of outsourced precision
manufacturing and engineering services to the medical device industry, today
announced the opening of a 65,000-square foot manufacturing plant in Penang,
Malaysia.
The new facility expands Accellent's global
manufacturing presence, joining plants in five countries worldwide. "This
site will serve as an important hub for our Asia business since several of our
key customers are located nearby," said Donald Spence, President and CEO
of Accellent. "We also expect that this new facility will provide
cost-effective solutions for our other global markets and help support our
proven track record of bringing customer innovations to market quickly and
efficiently."
Accellent's global customer base includes
leading medical device companies. The Company provides fully integrated,
outsourced manufacturing services, as well as engineering design, prototyping,
assembly, and logistics support, to medical device companies in the cardiology,
endoscopy, orthopaedic, and neuromodulation markets.
Accellent currently has 14 manufacturing
facilities in 12 U.S. states as well as manufacturing operations in Germany,
Ireland, Mexico and the United Kingdom. The Penang facility features
state-of-the-art technology necessary for producing the kinds of high quality
products critical for use in medical applications.
The Company chose Penang both to be close to
the growing Asian market and because of the stable political environment. In
addition, Accellent was able to purchase and transform the plant in less than
12 months thanks to generous support from organizations such as the Malaysian
Industrial Development Authority, Invest Penang, and several departments within
the State Government of Penang.
"The Penang state government wants to
transform Penang into an international and intelligent city, a preferred
destination for foreign direct investment," said YAB Tuan Lim Guan Eng,
Chief Minister of Penang. "We are seeking to broaden our manufacturing
base by diversifying into services. To move up the value chain, Penang seeks
convergence in products, technology and services. Accellent's investment speaks
directly to our vision of making Penang the location of choice for high-tech
manufacturers."
About Accellent
Accellent Inc. provides fully integrated,
outsourced manufacturing services to the medical device industry in the
cardiology, endoscopy and orthopaedic markets. Accellent has broad capabilities
in precision component fabrication, finished device assembly, engineering
support services and complete supply chain management. These capabilities
enhance customers' speed to market and return on investment by allowing
companies to refocus internal resources more efficiently. For more information,
please visit www.accellent.com .
SOURCE: Accellent Inc.
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