Paragon Expansion Ahead Of Schedule
July 28, 2016 at 4:25 p.m.
PIERCETON - In July 2004, When Paragon Medical Inc. announced plans to expand its Pierceton facilities, the company expected to break ground in 18 months. Those plans are now nine months ahead of schedule, and ground was broken Tuesday on a 50,000- square-foot manufacturing facility.
Toby Buck, chairman and chief executive officer, said, "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."
Gary McGill, president and chief operating officer, told employees, "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. We couldn't do it without you. This expansion will mean the addition of 200 more jobs in the not too distant future."
Buck added, "This is another step forward in our 14-year history. It's exciting to see it all unfold. I'm also pleased to announce that we just completed the first quarter of 2005 with record revenue and earnings."
He also acknowledged the role all employees have played in the company's success. He said, "I used to know everybody, but as we continue to grow, that's not always possible. That doesn't mean that anyone is less important."
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 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.
Paragon added more than 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," said 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 scheduled for October. 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, 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.
For more information, visit Paragon's Web site at www.paragonmedical.com [[In-content Ad]]
PIERCETON - In July 2004, When Paragon Medical Inc. announced plans to expand its Pierceton facilities, the company expected to break ground in 18 months. Those plans are now nine months ahead of schedule, and ground was broken Tuesday on a 50,000- square-foot manufacturing facility.
Toby Buck, chairman and chief executive officer, said, "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."
Gary McGill, president and chief operating officer, told employees, "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. We couldn't do it without you. This expansion will mean the addition of 200 more jobs in the not too distant future."
Buck added, "This is another step forward in our 14-year history. It's exciting to see it all unfold. I'm also pleased to announce that we just completed the first quarter of 2005 with record revenue and earnings."
He also acknowledged the role all employees have played in the company's success. He said, "I used to know everybody, but as we continue to grow, that's not always possible. That doesn't mean that anyone is less important."
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 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.
Paragon added more than 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," said 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 scheduled for October. 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, 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.
For more information, visit Paragon's Web site at www.paragonmedical.com [[In-content Ad]]