UFP Technologies Expands to Mexico

Rhea-AI Summary

UFP Technologies (Nasdaq: UFPT) has opened a new medical manufacturing facility in Tijuana, Mexico. This 84,000-square-foot, FDA-registered plant will specialize in clean room and clean space manufacturing for medical devices. CEO R. Jeffrey Bailly highlighted Tijuana's strategic location near customers and its reputation in medical device production as key factors for the move. UFP Technologies is recognized for its innovation in designing and manufacturing components and packaging primarily for the medical sector.

Positive

• Establishment of a new FDA-registered medical manufacturing facility in Tijuana.
• The facility enhances UFP's ability to offer near-shore manufacturing options to customers.
• Strategic location aims to improve customer relationships due to proximity.

Negative

• None.

NEWBURYPORT, Mass., June 28, 2022 (GLOBE NEWSWIRE) -- UFP Technologies, Inc. (Nasdaq: UFPT) today announced the opening of a new medical manufacturing operation in Tijuana, Mexico. The 84,000-square-foot, FDA-registered facility will feature clean room and clean space medical device manufacturing and assembly.

“We chose Tijuana for its close proximity to many of our customers and its established reputation as a medical device manufacturing hub,” said R. Jeffrey Bailly, chairman, CEO, and president of UFP Technologies. “As we continue to build out our manufacturing platform, a state-of-the-art medical manufacturing facility in Tijuana will be highly valuable to our customers looking for near-shore manufacturing options that maintain the level of quality and innovation they expect from UFP MedTech.”

UFP Technologies is an innovative designer and custom manufacturer of components, subassemblies, products, and packaging primarily for the medical market. Utilizing highly specialized foams, films, and plastics, we convert raw materials through laminating, molding, radio frequency welding and fabricating techniques. We are diversified by also providing highly engineered solutions to customers in the aerospace & defense, automotive, consumer, electronics, and industrial markets.

Contact: Ron Lataille
978-234-0926, rlataille@ufpt.com

FAQ

What is the significance of UFP Technologies' new facility in Tijuana?

The new facility enhances UFP Technologies' manufacturing capabilities, providing near-shore options for medical device production.

What is the size of the new UFP Technologies facility?

The new facility spans 84,000 square feet.

When was UFP Technologies' Tijuana facility opened?

The facility was announced on June 28, 2022.

What does UFP Technologies primarily manufacture?

UFP Technologies primarily manufactures components and packaging for the medical market.

Why did UFP Technologies choose Tijuana for their new facility?

Tijuana was chosen for its proximity to customers and established reputation as a medical device manufacturing hub.