WARSAW, Ind. (AP) — A northern Indiana company that makes hip replacements and other artificial joint products is planning to spend $27 million on manufacturing and research equipment.
Warsaw-based DePuy (duh-PEW') Orthopaedics expects to spend $20 million on manufacturing equipment and $7 million on research and development equipment and have it installed before 2014.
While the Johnson & Johnson subsidiary doesn't expect the investment to add jobs to its workforce of about 1,100 people, the Warsaw City Council has approved a 10-year property tax abatement on the equipment.
DePuy spokeswoman Jessica Masuga tells The Journal Gazette of Fort Wayne (http://bit.ly/nx5jic ) that the equipment will give the company's Warsaw facility state-of-the-art capabilities and improved efficiency.
DePuy, Biomet and Zimmer Holdings lead an orthopedics industry cluster that employs thousands in Kosciusko (kahs-ee-AHS'-koh) County.