A Massachusetts-based manufacturer of precision medical devices and components plans to launch operations in Charleston County, bringing approximately $5 million in capital investment and creating more than 30 jobs over the next five years.
Lab Medical Manufacturing Inc. has been making medical instruments, including surgical tools, spinal implants and sports medicine applications, for more than 30 years, according to a news release.
“Lab Medical Manufacturing Inc. is experiencing rapid growth and is thrilled to be launching operations in Charleston, S.C.,” said Leon Bester, Lab Medical Manufacturing president, in the release. “We are impressed with the skilled workforce and look forward to creating new jobs and bringing investment to the area.”
The company will be located at 1750 Signal Point Road, Unit 3, in the James Island Business Park. Lab Medical is currently installing machinery and production equipment, and plans to start operations by Sept. 1.
“Lab Medical Manufacturing Inc.’s decision to locate here is a testament to the Charleston region’s ability to attract global medical device companies,” said Charleston Regional Development Alliance Chairman Robert Pratt in the release.