Terumo finishes Ann Arbor HQ expansion, new plant

Wednesday, March 24, 2010 | Source: Concentrate
Two of Terumo's subsidiaries are opening the doors to their new expanded facilities in Ann Arbor, capitalizing on tax breaks recently awarded by the Michigan Economic Development Corp.

Terumo Cardiovascular Systems and Terumo Heart have opened a new production plant and expanded office space on Jackson Road just west of the city. The firm's subsidiaries have consolidated their research, development and manufacturing facilities in Ann Arbor.

The MEDC awarded Terumo a $1 million tax credit in 2008. The deal was the company would invest $3.5 million to move its operations from California to Michigan and create 65 new/additional jobs over the next five years.

"We're at 63 people," says Barbara Schmid, director of corporate communications for Terumo Cardiovascular Systems. "We hit our target in a year and a half."

The cardiovascular-medical device firm has roots in southeast Michigan that date back to the 1960s. Now it has a newly constructed chemistry lab, remodeled the existing buildings for future growth and expanded office building. It adds up to a new world-class medical device manufacturing facility in Ann Arbor.

Schmid expects Terumo to capitalize on these new facilities with continued growth in Ann Arbor for the foreseeable future.

Source: Barbara Schmid, director of corporate communications for Terumo Cardiovascular Systems
Writer: Jon Zemke
Enjoy this story? Sign up for free solutions-based reporting in your inbox each week.

Related Tags

Biotechnology, Government, Investment 

Recommended Content

Related Company

  • Terumo Heart
    6200 Jackson Rd
    Ann Arbor, MI 48103 Website
    Terumo's heartbeat grows stronger every day in Ann Arbor. After moving their manufacturing and R&D facilities from California to Michigan (yup, you read that right) the local office has seen more than 25 percent staff growth over the last two ...
Sponsored By
Regions
Focus Areas
Copyright © Issue Media Group. All rights reserved.