GW Plastics is expanding its tooling and precision moulding subsidiary in Ireland, Avenue Mould Solutions, in a bid to meet the growing demand for medical products.
The project involves a €6m investment to increase product development, precision tooling, thermoplastic and silicone injection moulding and contract assembly at the site, the company announced 22 Feb.
This will include expanding its moulding operations into a scalable 28,000 square foot site located in Sligo, Ireland.
With the acquisition of Avenue Mould in 2017, GW Plastics gained both a presence in Europe and expertise in building ultra-high-cavitation tooling – up to 192 cavity moulds – for the medical device, diagnostics, and pharmaceutical markets.
The move to expand the Sligo operations, said the GW statement, is in response to “increased customer demand” in medical device and drug delivery business.
The expansion in Ireland will complement GW Plastics' global precision mould-building, advanced injection moulding and contract manufacturing capabilities in the US, Mexico, and China.
GW Plastics is an industry-leading healthcare injection moulding and contract manufacturing company, and offers single-source in-house tooling, injection moulding, and contract assembly capabilities globally.
Welcoming the investment, Ireland's prime minister, Leo Varadkar TD said Sligo was recognised as a “major regional centre and driver of economic development” under the Irish 2040 development plan.
“The creation of new jobs by GW Plastics is great news for the company, its customers, staff, and prospective employees and is further evidence that Sligo is a great place in which to invest, work, and live,” he added.
Also commenting on the investment, GW President and CEO Brenan Riehl said Avenue had brought “highly-skilled manufacturing workforce, an award-winning mould-building company, and a growing medical device contract manufacturing business” to GW.
“This expansion will take the company into new areas of high-tech manufacturing. It demonstrates a strong commitment by GW Plastics to Sligo and the region,” said Mary Buckly, executive director at Investment Promotion & Development Ireland.
GW Plastics won Plastics News' 2009 Processor of the Year Award and 2016 Sustained Excellence Award.