 |
Orthopedic
Industry Supplier News |
| Return to Supplier News Source: Paragon Medical, Inc. Contact: Tabitha Cooper Paragon Medical Breaks Ground for Expansion, Extends Thanks to Employees Pierceton, Ind. - Paragon Medical, Inc., held a groundbreaking ceremony on Tuesday, April 12th, at its Pierceton headquarters for a new 50,000 square foot manufacturing facility. The new building is a component of the $50 million, multi-year campus and overall corporate expansion plans announced last July by the company and comes approximately 9 months ahead of schedule. Chairman and Chief Executive Officer, Tobias Buck states “Industry growth and customer demands require us to start now. The global demographic is forcing significant growth in all market segments that we participate in.” All operations for Surgical Instrument Delivery Systems will transfer from the existing 110,000 square feet to the new structure. Space vacated due to the transfer will be maximized to support the significant growth in the Instrumentation and Implantable Components division. The new case and tray facility will be configured for maximum customer responsiveness and value added activities through the utilization of lean manufacturing and customer focused teams. President and COO, Gary McGill added, “We understand that Paragon is in a unique position to differentiate ourselves from our competition. This state of the art facility is just the first step in creating manufacturing capacity wherever it may be required to support our customers, worldwide.” Paragon added over 100 new jobs last year and this new facility brings with it additional employment opportunities for the community. “As technology evolves, we continue to have a high demand for talented employees, particularly skilled machinists,” explains McGill. “However, we anticipate the creation of a variety of opportunities for people of all skill levels.” Occupancy of the case and tray facility is currently scheduled for October of this year. As part of this first phase, the entire site will be prepared for future development, which will include a corporate headquarters office with added design and development support capabilities. Construction on the headquarters building is expected to begin shortly after the completion of this first phase. As part of the celebration, Paragon extended its appreciation to the employees for their continued hard work and dedication to the company and for a successful 2004. Each employee received a Paragon camp chair and T-Shirt that read, “It wasn’t the tools, it was the teamwork”, representing each person’s contribution to the success of the company.
Paragon Medical is a single source, turnkey supplier of surgical instruments, implantable components, custom and standard instrument delivery systems to the worldwide medical device marketplace, with a concentration in the hip, knee, spine, trauma and sports medicine disciplines. Incorporated in 1991, Paragon Medical’s utilization of advanced manufacturing technology, UG? certified engineers, rapid prototyping, virtual information transfer and vertical integration allows them to adapt a wide range of services to support the strategic needs of the customer, with innovative solutions. Offices and production facilities are located in Pierceton, Indiana, Memphis, Tennessee, and Lausanne, Switzerland. For more information, please visit Paragon’s website at www.paragonmedical.com. |
