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Metro Mold and Design Invests in Jobs and Growth With New Facility


6/27/2012 7:39:47 AM

MINNEAPOLIS--(BUSINESS WIRE)-- Metro Mold and Design (www.metromold.com), a Twin Cities based manufacturing company, officially opens its $5,200,000 state of the art 100,000 square foot medical manufacturing headquarters facility in Brooklyn Park, MN today during a ribbon cutting ceremony with the Minnesota Department of Employment and Economic Development, the City of Brooklyn Park, Mayor Jeffrey Lunde and many other local dignitaries.

The excitement over this new facility focuses heavily on job creation in the Twin Cities. The new Metro Mold and Design (MMD) medical manufacturing facility created approximately 140 jobs while under construction. In addition, the company has already filled 17 new positions at the new facility, and the growing medical segment of their business is expected to generate at least 35 new jobs in the next two years. “We are excited to continue growing our footprint in Minnesota and to be bringing great new jobs to the local market. Our facility in Brooklyn Park has the capacity to employ 250 people and we fully intend to ramp up to full capacity over the next 5 years,” comments Greg Heinemann, the company’s CFO.

The facility also serves a growing need for local medical manufacturing capacity and new state of the art capabilities. Much of the $5.2 million dollar investment in this new facility is focused on expanding capacity for clean room manufacturing, as well as micro molding and high precision multi-axis swiss machining capabilities. MMD is one of the few companies offering these sophisticated capabilities to the medical device market. “As we’ve grown from $4.5M in revenue in 2000 to over $50M in revenue this year, we were nearly bursting at the seams in our old facility,” mentions Tim Holland, the company’s president and CEO. "Our investment in this new facility displays our commitment to growing along with our customers. It was a critical next step for MMD that will allow us to serve the growing needs of our medical OEM customers and foster a collaborative environment that spawns the intellectual property MMD and its partners need to thrive in today’s global economy." MMD serves many of the Fortune 500 medical device manufacturers in the country and nearly all of the top medical device companies in the local Twin Cities market.

Much of MMD’s decision to open their facility in Brooklyn Park centered on the city’s willingness to work with MMD to secure a $500,000 low interest loan through the Minnesota Investment Fund as well as an additional $600,000 in local assistance made available through the Jobs Bill Legislation. “Brooklyn Park is excited to welcome MMD to the community. We are proud of the partnership that transformed an existing building in the community into a state of the art medical manufacturing facility. MMD’s presence expands this industry in Brooklyn Park and continues to provide excellent job opportunities,” says Jason Aarsvold, Director of Community Development for the City of Brooklyn Park.

About Metro Mold and Design

Founded in 1973 and headquartered in Rogers, MN, MMD does rapid mold manufacturing, custom plastic injection molding, thermoset plastic molding, extrusion blow molding, precision CNC machining, product prototyping and product assembly and finishing. MMD is well known for our proprietary design for manufacturability (DFM) process, high quality, and fulfillment and distribution. Our major customer markets include general manufacturing, medical devices, fuel cell components specializing in bi-polar plates for the fuel cell stack, printer components, custom plastic containers and enclosures.

For additional information about MMD, please visit http://www.metromold.com.

Contact:

Metro Mold and Design

Beth Nielsen, 763-257-9146

beth.nielsen@metromold.com



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