Whitley County Economic Development Corporation (EDC) has launched an initiative to develop a new medical-focused packaging business in Whitley County, Indiana, US, following the completion of industry market research.
EDC's initiative, in partnership with the North-East Indiana Regional Partnership (NEIRP), aims to support the array of full-service medical and other manufacturing companies.
EDC president Alan Tio said Whitley County is well-positioned for the development of a medical device and disposable-centred packaging concentration, as established by the regional market research.
"All of the strategic elements - $8bn worth of nearby medical device manufacturing operations, a state-of-the-art sterilisation facility, strategic logistics capacity and location, an experienced workforce and packaging-ready facilities and expertise - are already in place to build a profitable and growing packaging concentration," Tio added.
The presence of a new sterilisation facility is set to increase the local capacity and capability for the development of a medical sevice / disposable packaging concentration.
NEIRP president and CEO John Sampson said the north-east Indiana region's efforts to strengthen the business climate of the region through collaboration are managing to attract national attention.
"The addition of packaging operations to an already robust medical device sector would help to complete the total package offering that the region can provide for companies across the United States and beyond," Sampson added.
EDC observed that the packaging needs of medical device and medical disposable manufacturing companies in north central and north-east Indiana are often outsourced to companies outside of Indiana.
By outsourcing product packaging, orthopaedic original equipment manufacturers (OEMs) in Warsaw are also aiming to cut down non-core and strategic costs, EDC concluded.
The market research was jointly funded by EDC and NEIRP.