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OTHER NEWS ITEMS
MOLL PURCHASES TWO NEW NEGRI BOSSI MACHINES MOLL HIRES NEW VICE PRESIDENT OF SALES AND MARKETING TS CERTIFICATION FOR MOLL MOLL HIRES NEW DIRECTOR OF QUALITY MOLL INDUSTRIES ANNOUNCES SALE OF FORT SMITH PLANT MOLL INDUSTRIES ANNOUNCES PLANT CLOSURES, BUSINESS FOCUS MOLL MEDICAL SHINES DURING FDA AUDIT MOLL INDUSTRIES INVESTS IN HYBRID ELECTRIC PRODUCTION WITH NEGRI BOSSI MACHINERY MOLL MEDICAL EXCELS IN GLOBAL DISPOSABLES SUPPLY MOLL PROVIDES DONGYANG MECHATRONICS MANUFACTURING SOLUTIONS MOLL PROVIDES OUTSOURCING SOLUTIONS FOR CONSUMER PRODUCTS PRODUCERS PRESIDENT VICENTE FOX VISITS MOLL MEXICO |
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June 7, 2004
MEDRAD & MOLL EXTEND PARTNERSHIP
DALLAS, TX - Medical device manufacturer Medrad, Inc. and plastics manufacturer Moll Industries, Inc. announced today that the two companies have signed an agreement valued around $65 million extending their established relationship over the next five years. The contract maintains Moll Industries as a preferred supplier of tooling, molded parts and design consultation. Moll will invest around $1 million in expansion at their Seagrove, NC facility adding a fifth 100,000 Class Clean Room to service increased Medrad production.
Already a preferred supplier to Medrad, Moll has been ensuring manufacturability for devices and advising on prospective projects since 2000. Having a full-time engineer on site at Medrad headquarters as Key Account Manager, Moll supplies heightened communication and close collaboration to accomplish Medrad objectives. The two companies work intimately on projects from early involvement in design stages, through production and delivery, using Six Sigma and Lean techniques so both companies realize streamlined production, heightened efficiency, compressed timelines to market and cost-effective solutions. "Moll has definitely fulfilled our expectations and demonstrated why their reputation is one of proven ability and exceptional benefit. Our new agreement represents the next logical step in the continuation of our highly successful partnership," said Peter K. Ochel, Medrad's Executive Director of Procurement. Commenting on the developments, Ron Embree, President of Moll Industries stated, "We are proud to congratulate Medrad on receiving the impressive 2003 Malcolm Baldrige National Quality Award presented by President Bush earlier this year. We know Medrad's standards are high and we are delighted to confidently and consistently deliver the level of quality and service for which Medrad has been recognized. Moll provides highly responsive approaches to customer success. Our collaboration with Medrad is exemplary of the depth of commitment we make to our customers to bring value while achieving their goals." The new contract is directly in line with Moll's strategic growth plans to build long-term, stable, steady business within the medical industry. Moll Industries, Inc. is a full-service contract manufacturer of custom injection molding. The company possesses extensive experience manufacturing Class 1, 2, & 3 Medical Device components and assemblies, in conjunction with Validation & Verification studies, IQ-OQ-PQ protocols and all other appropriate requirements found in GMP 21 CFR - Part 820. Moll's operations also include Plasma Treatment and EMABOND® processes that augment core production technologies of value-added assembly, two-shot, insert molding, post mold decorating and over molding. Medrad, Inc. is a worldwide leading provider of medical devices and services that enable and enhance imaging procedures of the human body. Used in diagnostic imaging, Medrad's product offerings include a comprehensive line of vascular injection systems, magnetic resonance (MR) surface coils and accessory products, and equipment services. Total 2003 revenues were $294 million. Medrad is a 2003 recipient of the Malcolm Baldrige National Quality Award, the top honor a U.S. company can receive for quality and business excellence. The company's world headquarters is near Pittsburgh, Pennsylvania, in the United States. Medrad is a U.S. affiliate of Schering AG, Germany (NYSE:SHR). For more information, visit Medrad's website at www.medrad.com.  |
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