WARSAW, Ind., June 4 /PRNewswire-FirstCall/ — Symmetry Medical Inc. (NYSE: SMA – News), an independent provider of products to the global orthopaedic device industry and other medical markets, announced today the completion of over $5 million strategic investment in high precision design, development and manufacturing equipment at its Design and Development Center (DDC) in Warsaw, Indiana.
Brian Moore, President and Chief Executive Officer, said, “The spine, trauma and reconstructive orthopedic markets are being increasingly driven by computerized systems and demand for high precision design, development and manufacturing capabilities. The addition of this highly sophisticated equipment further strengthens our competitive position and allows us to meet this growing customer demand for computer generated technology. This strategic initiative ensures that we continue to provide the highest available technology for implants and medical instruments that keep our customers competitive and ensure speed to market for their products. We look forward to the growth opportunities these expanded capabilities will provide.”
The Symmetry Medical DDC is a 30,000-square-foot facility dedicated to the design, engineering, prototype and manufacturing of highly sophisticated implants and instruments for the Company’s global customer base. Symmetry has expanded its capabilities and expertise at the DDC to include multiple high precision implant and instrument machining cells which provide high speed machining processes with up to five times more precision than traditional equipment.