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Össur hf - Official Opening of a New Manufacturing Facility in Mexico

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Announcement from Össur hf.
Reykjavik, 26 September 2011

 

 

Official Opening of a New Manufacturing Facility in Mexico

 

 

On Friday 23 September an official opening of Össur's new manufacturing facility in Tijuana, Mexico took place. Present at the ribbon cutting ceremony was the Governor of Baja state José Guadalupe, representatives of the mayor of Tijuana and Tijuana trade association as well as Jon Sigurðsson, President and CEO of Össur. The facility is 9,500m2, has state of the art new equipment and lean manufacturing processes. Currently about 100 people are employed in Mexico and at year-end it is expected that about 160 will be employed in the Mexico facility.

Össur started to build up the manufacturing unit in September 2010 and has since then transferred manufacturing of spinal products from the US to Mexico. The transfer has been efficient and the manufacturing quality excellent. The focus in Mexico will be on manufacturing of bracing and supports products and by the end of the year, all bracing and supports currently manufactured in the US will have been transferred to Mexico.

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About Össur
Össur (NASDAQ OMX: OSSR) is a global leader in non-invasive orthopaedics that help people live a life without limitations. Its business is focused on improving people's mobility through the delivery of innovative technologies within the fields of braces, supports, prosthetic limbs and compression therapies. A recognized "Technology Pioneer", Össur invests significantly in research and product development; its award-winning designs ensuring a consistently strong position in the market. Successful patient and clinical outcomes are further empowered via Össur's educational programs and business solutions. Headquartered in Iceland, Össur has major operations in the Americas, Europe and Asia, with additional distributors worldwide.

 

Forward-Looking Statements
This press release includes "forward-looking statements" which involve risks and uncertainties that could cause actual results to differ materially from results expressed or implied by these statements. Össur hf. undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.

 

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