Biomet Expansion To Bring 260 Jobs
July 28, 2016 at 4:25 p.m.
Biomet will undergo a $21.2 million two-phase expansion to its facilities that will create 260 new jobs for the orthopedic company in Kosciusko County.
Gov. Mitch Daniels announced the expansion plans Monday at a press conference attended by Biomet representatives, county council members and Warsaw Mayor Ernie Wiggins.
"Biomet is a home-grown Indiana company and a prime example of a technology-based, high-growth business that will help advance and diversify our economy, while raising the average income for hard-working Hoosiers," Daniels said.
The first phase of the expansion will cost $1.2 million, with an additional $3 million to be invested for manufacturing equipment.
It is expected to create more than 100 manufacturing jobs, according to Daniel Hann, interim Biomet president and chief executive officer.
The first phase will involve converting a 30,000-square-foot building northeast of the Biomet campus to a facility capable of housing the manufacturing operations for the production of spinal implants.
The second phase will involve the construction of a 60,000-square-foot addition to the southwest portion of the existing Biomet facility. Biomet expects to spend $9 million for the facility expansion and $8 million for the manufacturing equipment.
Hann said at least 160 manufacturing jobs will be added as a result of the second phase of the project. Phase one will be completed within two years, while phase two will take approximately four years to complete.
"Biomet is pleased to undertake this expansion in Indiana and we thank our state and local officials for their support of Biomet and our industry," Hann said.
A worldwide leader in orthopedic device manufacturing, Biomet chose Warsaw for its expansion over competing sites in New Jersey.
Hann said the commitment and cooperation from the Indiana Economic Development Corp. and Kosciusko County, the low cost of doing business in Indiana and the high-quality and dedicated workforce made Indiana the best location for the expansion.
Hann said the Indiana Economic Development Corp. worked closely with Kosciusko County to secure the expansion in Indiana. The corporation offered incentives, including up to $261,500 in training grants, up to $2.1 million in tax credits based on commitments for job creation and capital investment, and approximately $40,000 in infrastructure assistance to the local community.
Larry Teghtmeyer, county council member, said he is excited for the expansion.
"It has been a pleasure working with Biomet officials in planning this project and it is exciting to know the expansion will take place in Kosciusko County," Teghtmeyer said.
Hann said the expansion will begin as soon as possible. [[In-content Ad]]
Biomet will undergo a $21.2 million two-phase expansion to its facilities that will create 260 new jobs for the orthopedic company in Kosciusko County.
Gov. Mitch Daniels announced the expansion plans Monday at a press conference attended by Biomet representatives, county council members and Warsaw Mayor Ernie Wiggins.
"Biomet is a home-grown Indiana company and a prime example of a technology-based, high-growth business that will help advance and diversify our economy, while raising the average income for hard-working Hoosiers," Daniels said.
The first phase of the expansion will cost $1.2 million, with an additional $3 million to be invested for manufacturing equipment.
It is expected to create more than 100 manufacturing jobs, according to Daniel Hann, interim Biomet president and chief executive officer.
The first phase will involve converting a 30,000-square-foot building northeast of the Biomet campus to a facility capable of housing the manufacturing operations for the production of spinal implants.
The second phase will involve the construction of a 60,000-square-foot addition to the southwest portion of the existing Biomet facility. Biomet expects to spend $9 million for the facility expansion and $8 million for the manufacturing equipment.
Hann said at least 160 manufacturing jobs will be added as a result of the second phase of the project. Phase one will be completed within two years, while phase two will take approximately four years to complete.
"Biomet is pleased to undertake this expansion in Indiana and we thank our state and local officials for their support of Biomet and our industry," Hann said.
A worldwide leader in orthopedic device manufacturing, Biomet chose Warsaw for its expansion over competing sites in New Jersey.
Hann said the commitment and cooperation from the Indiana Economic Development Corp. and Kosciusko County, the low cost of doing business in Indiana and the high-quality and dedicated workforce made Indiana the best location for the expansion.
Hann said the Indiana Economic Development Corp. worked closely with Kosciusko County to secure the expansion in Indiana. The corporation offered incentives, including up to $261,500 in training grants, up to $2.1 million in tax credits based on commitments for job creation and capital investment, and approximately $40,000 in infrastructure assistance to the local community.
Larry Teghtmeyer, county council member, said he is excited for the expansion.
"It has been a pleasure working with Biomet officials in planning this project and it is exciting to know the expansion will take place in Kosciusko County," Teghtmeyer said.
Hann said the expansion will begin as soon as possible. [[In-content Ad]]