SINGAPORE--(Marketwired - November 13, 2013) - Edwards Lifesciences Corporation (NYSE: EW), the global leader in the science of heart valves and hemodynamic monitoring, announced today that it has expanded its heart valve manufacturing facility in Changi North Crescent, Singapore, to accommodate growing worldwide demand for tissue heart valves.
"We warmly welcome Edwards' decision to expand its facility here. This is a strong affirmation of Singapore's competitiveness as a location for advanced medical technology manufacturing," said Yeoh Keat Chuan, managing director of the Singapore Economic Development Board.
This expansion of Edwards' Singapore manufacturing facility will more than double the size of the current building to approximately 24,000 square meters, while adding offices and laboratories, a large clean room and training facilities. With this new project, Edwards has invested approximately S$95 million in Singapore since 2005.
As part of Edwards' global heart valve manufacturing program, the state-of-the-art Singapore facility contributes to the production of Edwards' world-leading surgical and transcatheter tissue heart valves. The company also operates facilities dedicated to manufacturing heart valves at its global headquarters in Irvine, Calif., USA, and in Horw, Switzerland.
"Edwards' Singapore facility was developed to meet the global demands for our technologically advanced tissue heart valve replacement products and to help us serve the needs of patients worldwide," said Donald E. Bobo, Jr., Edwards' corporate vice president, heart valve therapy. "We are proud that our continued investment in Singapore will result in employment opportunities for hundreds of additional workers to join the 1,000 employees currently working for Edwards in the region. We are very grateful to the Economic Development Board for their extraordinary efforts in working with us to ensure this success."
About Edwards Lifesciences
Edwards Lifesciences is the global leader in the science of heart valves and hemodynamic monitoring. Driven by a passion to help patients, the company partners with clinicians to develop innovative technologies in the areas of structural heart disease and critical care monitoring, enabling them to save and enhance lives. Additional company information can be found at www.edwards.com.
Edwards, Edwards Lifesciences and the stylized E logo are trademarks of Edwards Lifesciences Corporation.