Edwards Lifesciences Corporation, the global leader in the science of heart valves and hemodynamic monitoring, announced October 9 that in anticipation of future growth, the company will be developing a new state-of-the-art manufacturing facility in Draper, Utah, which will enable it to significantly expand its manufacturing and R&D capability.
"Our new facility will allow us to evolve our world class operations to support Edwards' long-term global product supply strategy," said Paul C. Redmond, Edwards' corporate vice president for global corporate operations. "We are very grateful to the Governor's Office of Economic Development in Utah and the Draper City Council for their extraordinary efforts in working with us to ensure our success in creating a stronger and more customer-focused company, poised for even more growth in the future."
Edwards has accepted incentives from the State of Utah totaling approximately $11.5 million based on the current 228 jobs being retained and more than 1,000 projected new jobs in manufacturing, business and engineering expected to be created in the state during the life of the 15-year incentive period. The company also accepted an incentive from the City of Draper for approximately $3 million based on capital investments and employment rates over a seven-year incentive period.
As the first step of its planned expansion, the company will transfer manufacturing of its market-leading cannula and embolic protection devices utilized by cardiac surgeons during open-heart surgery from its existing Midvale, Utah facility to the new facility in Draper in the first half of 2010.
About Edwards Lifesciences
Edwards Lifesciences is the global leader in the science of heart valves and hemodynamic monitoring, with more than five decades of experience in partnering with clinicians to develop life-saving innovations. Headquartered in Irvine, Calif., Edwards treats advanced cardiovascular disease with its market-leading heart valve therapies, and critical care and vascular technologies, which are sold in approximately 100 countries. The company's global brands include Carpentier-Edwards, Cosgrove-Edwards, Edwards SAPIEN, FloTrac, Fogarty, PERIMOUNT Magna and Swan-Ganz.