German Stent Manufacturer Plans to Colonize California

December 18, 2009

1 Min Read
German Stent Manufacturer Plans to Colonize California

Biomedical products provider Admedes Schuessler GmbH (Pforzheim, Germany), hopes to set up shop in Livermore, CA, according to company and city officials. The new plant would generate more than 30 high-salary jobs and would be the first major investment by a business of its kind in Livermore. Because biotech companies tend to cluster, the hope is that others will follow, officials said. The 18-year-old manufacturer of heart valve cages and vein stents stands to receive approximately $150,000 for its efforts"Startups often want to locate near us so it's easier to get (their companies) going," remarks Eric Veit, vice president of Admedes. "Maybe we'll have a new biotech cluster in Livermore."While the German-based company maintains a sales office in Ireland, it derives about 85% of its business from the U.S. market, spurring interest in opening an American-based manufacturing facility, Veit says. In addition, the proximity to Lawrence Livermore and Sandia national laboratories--known hubs for laser technology--makes Livermore a logical location for the company, which uses lasers to cut nitinol and stainless steel for medical devices.Of the 50 jobs the Admedes facility is expected to generate, about 30 would be eligible for the $5000 incentive. Instead of being paid over five years, the $150,000 would be paid at once, helping the company to renovate the site of the future plant.In exchange for getting its money at once, Admedes would sign a promissory note saying it would ramp up to full-scale operations within five years of receipt of the funds or reimburse the city.For more information, go to "Biotech Firm Sets Sights on Livermore" by Jeanine Benca, published in the Contra Costa Times.

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