Teleflex (NYSE:TFX) reportedly plans to expand its catheter production operations in the Czech Republic, where it already has some 700 employees.
Teleflex could invest $1 million or more on an expansion in Hradec Králové, according to a Czech republic business development agency cited in a report by European Plastics News. Teleflex has a smaller factory in the Czech Republic city of Zdar.
In April 2014, Teleflex began retooling its manufacturing operations in part to move some jobs to lower-cost area, saying it expects to spend up to $53 million on the move including as much as $15 million for severance benefits and up to $5 million to exit facilities.
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