Paragon Medical opens Additive Manufacturing facility with $16M investment
June 23, 2023
Paragon Medical, Pierceton, Indiana, USA, celebrated the ribbon cutting ceremony of its new Additive Manufacturing facility located on its existing Pierceton campus. The new facility offers 3,200 m2 of manufacturing and operational space dedicated to AM.
The new Additive Manufacturing facility is supported by an initial investment of $16 million with an anticipated additional investment of $19 million over the next five years. Alongside existing Additive Manufacturing design and production capabilities at Paragon Medical’s Innovation Center in Warsaw, Indiana, this latest investment is said to demonstrate Paragon Medical’s continued commitment to innovation in design and manufacturing.
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“Today’s event is more than a celebration, it’s a testimonial to the vision and passion of the Paragon Medical team, who work relentlessly to provide world class services and product to enhance the quality of life of others,” shared Dan Blum, VP and General Manager of the Pierceton campus. “Paragon Medical’s investment in this facility and technology, continues to affirm our industry leading position, supporting our clients for many years to come.”
Wil Boren, CEO of Paragon Medical, added, “With the healthcare Additive Manufacturing market anticipated to be $8 billion by 2030, our investment demonstrates a continued commitment to innovation in design and manufacturing in this rapidly growing space. Our new Additive Manufacturing capability is serving our local medical device community, as well as making a global impact.”
