Symmetry Medical to Expand Malaysian ...( - Company to Increase Manufacturing a...),Health

- Company to Increase Manufacturing and Design and Development Capabilities

to Support Asian Market -

WARSAW, Ind., Feb. 26 /PRNewswire-FirstCall/ -- Symmetry Medical Inc. (NYSE: SMA), an independent provider of products to the global orthopedic device industry and other medical markets, announced today that it plans to invest $20 million over the next three years to expand its Malaysian operations by increasing manufacturing and design and development capabilities. The majority of the $20 million investment will occur by year end 2009.

Symmetry will move its existing case facility to a larger, new 50,000 square foot facility on Penang Island which will enable instrument production and implant finishing to be established. This facility will also house the regional design and development center together with a regional logistics operation.

A five acre site with the option to purchase an additional five acres has also been obtained by the Company on the Penang Science Park to build a dedicated forging operation. The site will have spare land that will enable future growth to be accommodated as the regional operation develops.

Brian Moore, President and Chief Executive Officer, stated, "We are very pleased with the progress that we have made on our Asia strategy. These investments in our Malaysian operations are consistent with our strategy of building a full service facility, capable of bringing our Total Solutions(R) business model to the Asian market by the end of 2009. We believe our current customers with locations in Asia will take full advantage of our increased capabilities. We have also begun to generate new customer relationships in the region as a result of our presence and expandi
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