Ortho Manufacturer Expanding in Wabash County

Posted: Updated:
Precision Medical Technologies has an implants division in Warsaw and an instrumentation division in Rome City. Precision Medical Technologies has an implants division in Warsaw and an instrumentation division in Rome City.
NORTH MANCHESTER -

North Manchester-based Precision Medical Technologies plans to launch an operation to produce disposable surgical instruments in Wabash County. The orthopedic technology contract manufacturer says it will invest nearly $5 million and add up to 60 jobs over four years. Precision Medical Technologies has existing facilities in Warsaw and Rome City.

The company currently employs 140 in Wabash and Noble counties and plans to start hiring positions in engineering, quality assurance, finishing, scheduling and CNC machining at the beginning of the year. Pay for the new jobs is expected to be more than 20 percent higher than the average wage in Wabash County.

President Kurt Kamholz says "we at Precision Medical Technologies are looking forward to establishing our third manufacturing facility in Wabash County and are excited to take advantage of a competent and available workforce, proximity to our supply base and significant opportunities for ongoing technical training. The community of North Manchester has been instrumental in assisting us in finding a location to meet both our current and future expectations for a successful operations facility."

Precision Medical Technologies has already started renovations on the 9,000 square-foot facility and says it could be operational early next year. The Indiana Economic Development Corp. is offering up to $475,000 in conditional tax and training incentives for the company. It is scheduled to discuss additional incentives with the town of North Manchester next week.

You can connect to more about the expansion by clicking here.

  • Perspectives

    • The Importance of Strategic Planning

      How many years have you put work-life balance on your list of New Year's resolutions? Every day, I see so many business owners struggle with the same issues: working 60+ hours each week, not being able to remember the last time they had a vacation, and simply feeling like it's up to them to do it all in their business. After working with countless business owners to identify and overcome their challenges, I've realized the most common root cause is a lack of strategic planning.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Electric Works Lands State Incentives

      The first phase of a major redevelopment project in downtown Fort Wayne will receive state assistance. The Indiana Economic Development Corp. has awarded a conditional tax credit for Electric Works, a mixed-use innovation district located at the former GE campus. The incentive is part of the IEDC's Industrial Recovery Tax Credit program, used to boost investment in the redevelopment of former industrial facilities. Developers are projecting an initial investment of more than...

    • Well-Known Real Estate Firm Expanding to Fort Wayne

      Texas-based Keller Williams Realty Inc. has announced plans to open its first office in downtown Fort Wayne. Financial details of the real estate company's investment in the location were not immediately disclosed, however the expansion will bring at least 35 jobs to the Allen County city.

    • Nestl√© Planning $80M Anderson Expansion

      Nestlé USA has unveiled plans to invest nearly $80 million into its Anderson operations. Our partners at The Herald Bulletin report the company will purchase new equipment for the facility and add 30 jobs.

    • Construction to Begin on $15M Fieldhouse

      City and development officials will break ground Friday on a $15 million sports complex in Noblesville. Finch Creek Park Fieldhouse will include five courts with hard surfaces, two turf-surfaced fields and 11 batting and pitching cages. The project, which was first unveiled a year ago, is a public-private partnership between Klipsch-Card Athletic Facilities LLC and the city. The company is also owner/operator of the fieldhouse at Grand Park in Westfield.

    • Kroger Hires Eric Halvorson

      A former longtime Indianapolis television anchor and reporter has been hired by The Kroger Co. (NYSE: KR). Eric Halvorson, who left WISH-TV last year after 33 years, will serve as public affairs manager and media spokesman for the company's Central Division. He succeeds John Elliott, who will become the chief executive officer of Gleaners Food Bank in Indianapolis later this year.