Terumo’s Scio Township expansion reflects global potential of its medical device technology

Annarbor.com’s Nathan Bomey joins Governor Granholm and Ann Arbor SPARK’s Mike Finney at Terumo’s expansion celebration today.

Japanese medical device maker Terumo Medical Corp.’s campus in Scio Township is a sprawling illustration of a growth pathway for global life sciences companies in the Ann Arbor region.

Terumo’s global sales success forced the company to expand its 55-acre campus on Jackson Road – a $3.5 million move officials marked today with a grand opening celebration.

The firm’s Terumo Cardiovascular Systems division now employs 367 workers in Scio and its Terumo Heart division now employs 130. Overall, both subsidiaries, collectively among Washtenaw County’s top 25 employers, have added more than 60 new employees over the last 18 months.

“Terumo is kind of a secret in a way,” said Mark Sutter, CEO of Terumo CVS. “We’ve been here for many years and we don’t talk about ourselves a lot. We could not exist without the great, great support we have in this community and in the state.”

Michael Finney, CEO of Ann Arbor SPARK, said Terumo’s growth could make the company the region’s biggest private sector employer within 10 years.

Terumo’s latest expansion, which began in 2008, paves the way for the company to offer its DuraHeart product to the U.S. market. The device, which assists the heart’s left ventricular chamber in open-heart surgeries, was approved for sale in Europe in 2007 and is under consideration for approval in the U.S.

Read the full article: http://www.annarbor.com/business-review/terumos-scio-township-expansion-reflects-global-potential-of-its-medical-device-technology/

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