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news.Symmetry Medical has reported that it plans to invest $20 million over the next three years to expand its Malaysian operations by increasing manufacturing and design and development capabilities.
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The majority of the $20 million investment will occur by the end of 2009. Symmetry will move its existing case facility to a larger, new 50,000 square foot facility on Penang Island which will enable instrument production and implant finishing to be established. This facility will also house the regional design and development center together with a regional logistics operation.
Brian Moore, president and CEO, said: “These investments in our Malaysian operations are consistent with our strategy of building a full service facility, capable of bringing our Total Solutions business model to the Asian market by the end of 2009. We believe our current customers with locations in Asia will take full advantage of our increased capabilities.”