TN: MicroPort Orthopedics to Invest $100M to Expand, Hire 171
11 Jun, 2014
Tennessee Gov. Bill Haslam and Economic and Community Development Commissioner Bill Hagerty, along with MicroPort Orthopedics Inc. officials announced the company will expand its current headquarter operations in Shelby County. The orthopedic implant and instrument manufacturer will invest $100 million over the next five years in product design, manufacturing capability, and world class training and education facilities at its existing location in Arlington, Tennessee and create 171 new jobs.
“I want to thank MicroPort Orthopedics for their continued investment in Tennessee and the new jobs they are creating in Shelby County,” Haslam said. “Expanding companies already located here is one of our priorities, and this announcement supports our goal of becoming the No.1 location in the Southeast for high quality jobs.”
“Tennessee exports over $32.4 billion worth of products around the world, of which medical equipment and supplies are our top category,” Hagerty said. “Our state’s strength in research and development allows global companies like MicroPort Orthopedics to feel confident in their continued investment, knowing their commitment to innovation is valued and supported in Tennessee. I appreciate MicroPort Orthopedics’ decision to expand in our state and the valuable jobs they are creating in the Memphis community, and I look forward to their further growth in Tennessee.”
“The team at MicroPort Orthopedics is excited to partner with the state of Tennessee to expand our operations. Together, MicroPort and Tennessee will create high quality jobs, attract and retain top caliber employees, and manufacture world-class medical devices for the global orthopedic market. We truly appreciate the support we have received from our state and local officials, especially those working in the Department of Economic and Community Development,” Ted Davis, Chief Executive Officer of MicroPort Orthopedics, said. “This partnership will allow MicroPort to accelerate plans to build a state-of-the-art training facility to educate new surgeon customers and sales team members, which will contribute directly to our future growth prospects. We look forward to strengthening our relationships with the city of Arlington, Shelby County, and the state of Tennessee in building on the investment our parent company, MicroPort Scientific Corp., has made in the global orthopedic business headquartered in Arlington, Tennessee.”
MicroPort Orthopedics Inc. is a subsidiary of MicroPort Scientific Corporation, which is based in Shanghai, China. MicroPort Orthopedics designs, develops, and manufactures hip and knee implant devices at its Arlington campus. In addition to job creation, the company will renovate existing facilities on the Arlington campus, creating a state-of-the-art medical education facility to train surgeons, sales representatives and employees on their orthopedic products and surgical techniques.
“Arlington is extremely excited about this announcement from MicroPort and the economic impact it will have for Arlington, Shelby County and the state of Tennessee,” Arlington Mayor Mike Wissman said. “We look forward to a great partnership as we continue to grow together and create good, quality jobs for our community and the surrounding areas.”
The company will begin hiring for new positions in the next few months. People interested in applying can send resumes to email@example.com.
MicroPort Scientific Corporation (the “Group”) is a leading medical device company with businesses focusing on innovating, manufacturing, and marketing high-quality and high-end medical devices globally. With a diverse portfolio of products now being used at an average rate of one for every 20 seconds in thousands of major hospitals around the world, the Group maintains world-wide operations in a broad range of business segments including Cardiovascular, Orthopedic, Electrophysiological, Endovascular, Neurovascular, Surgical, Diabetes Care and Endocrinal Management, and others. MicroPort is dedicated to becoming a patient oriented global enterprise improve and reshape patient lives through application of innovative science and technology. For more information, please refer to: www.ortho.microport.com.
About the Tennessee Department of Economic and Community Development
Tennessee was named “2013 State of the Year” for economic development by Business Facilities magazine. The Tennessee Department of Economic and Community Development’s mission is to develop strategies which help make Tennessee the No. 1 location in the Southeast for high quality jobs. The department seeks to attract new corporate investment in Tennessee and works with Tennessee companies to facilitate expansion and economic growth. Find us on the web: tn.gov/ecd. Follow us on Twitter: @tnecd. Like us on Facebook: facebook.com/tnecd.