Touting a “Europe-to-Europe” manufacturing strategy, Phillips-Medisize Corp. has announced that it plans to move some medical device assembly operations from Mexico to its facility in the Czech Republic. The company views Eastern Europe, along with China, as growth markets. Matt Jennings, President and CEO of Phillips-Medisize since April 2011, addressed these and related issues during a press conference at the MD&M West exhibition and conference in Anaheim, CA, USA, on 14 February.
At the event, Jennings also spoke to the company’s “Asia-to-Asia” strategy. “Our customers are interested in Asia, so we’re interested in Asia,” he told medtechinsider. The business dynamic in that part of the world is undergoing a transformation, he added, as it moves from an export market to one that is more driven by domestic demand. Phillips Medisize currently is looking for acquisitions in Asia, he acknowledged.
Phillips Plastics Corp. acquired Medisize in 2011. The US$500 million company provides design and manufacturing services to the medical device and diagnostics industries.
For more news about the company, read “Phillips Medisize Unveils New Logo, Tagline at MD&M West” on the Medical Electronics Design site.Norbert Sparrow