VOL. 129 | NO. 113 | Wednesday, June 11, 2014
MicroPort to Invest $100 Million in Arlington Expansion
By Don Wade
MicroPort Orthopedics Inc. is expanding its Arlington location, investing $100 million over the next five years and creating 171 new jobs.
“Tennessee exports over $32.4 billion worth of products around the world, of which medical equipment and supplies are our top category,” said Tennessee Economic and Community Development Commissioner Bill Hagerty. “Our state’s strength in research and development allows global companies like MicroPort Orthopedics to feel confident in their continued investment, knowing their commitment to innovation is valued and supported.”
MicroPort will be investing in several areas, including product design, manufacturing capability, training and education. MicroPort Orthopedics Inc. is a subsidiary of MicroPort Scientific Corp., which is based in Shanghai, China.
Tennessee Gov. Bill Haslam said that keeping existing Tennessee companies in state is “one of our priorities,” adding, “This announcement supports our goal of becoming the No. 1 location in the Southeast for high quality jobs.”
Ted Davis, chief executive officer of MicroPort Orthopedics, said the company and Tennessee have worked together to create opportunity for both going forward.
“This partnership will allow MicroPort to accelerate plans to build a state-of-the-art training facility to educate new surgeon customers and sales team members, which will contribute directly to our future growth prospects,” he said.
MicroPort Orthopedics designs, develops and manufactures knee and hip implant devices at the Arlington campus. The company will not only be expanding its facilities, but renovating existing facilities and creating a medical education component for training surgeons, sales representatives and employees on their orthopedic products and surgical techniques.
Arlington Mayor Mike Wissman called MicroPort’s expansion an opportunity for the city and the company to “continue to grow together.”
The company is expected to begin hiring for new positions in the next several months.