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.
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