By: Deborah Johnson Wood
“Astounding” might be the word Chris Williams, president of Grand Rapids-based Medbio, would use when describing his company’s growth this year. Williams expects 2007 sales to exceed a 100 percent increase when compared to the company's 2006 performance, approaching some $4 million by the end of the year. And if that isn’t astounding enough, Williams is predicting 20 percent to 40 percent growth in ’08 and ’09.
Medbio, founded just three years ago, is a contract injection molder and assembler of disposable medical and diagnostic devices, including, needles, catheters, and cannula.
Williams and his two partners, his dad, Ronald Williams, and company founder Roosevelt Tillman, are prepared to expand their footprint at 630 S. Division when the time comes.
“We have a 30,000-square-foot facility that includes 11,000 square feet of production,” Williams says, “with enough land to double our size, or more. We will probably add another four jobs by the end of the year, probably more machine operators, assemblers, and there might be a need for administration.”
The company is one of the original members of the new West Michigan Medical Device Consortium (WMMDC), a group of medical device manufacturers that are building their businesses through collaboration. The West Michigan Science and Technology Initiative is driving collaboration efforts, and recently helped launch the consortium.
“The WMMDC is a great marketing opportunity to let people know that West Michigan is a great medical device manufacturing area,” Williams says. “It’s a great networking opportunity; if you aren’t in the game, you aren’t going to know what’s going on.”
Source: Chris Williams, Medbio; Kim Bode, West Michigan Science and Technology Initative
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Deborah Johnson Wood is development news editor for Rapid Growth Media. She can be contacted at [email protected].
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