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- Investment of more than 50 million USD to meet growing global demand for drug and hydrophilic coatings for medical devices and components
- Manufacturing footprint tripled with new 130,000 sq. ft. facility in the Aachen region of Germany
- Creation of more than 150 new jobs until 2026
AACHEN, Germany, June 11, 2024 / Biotech Newswire / -- Freudenberg Medical, a global contract design and manufacturing (CDMO) partner to the medical device and biopharma industry with facilities in key industry hubs across the Americas, Europe and Asia, announced plans to further expand its drug device combination products business. The company is investing more than 50 million USD in a new Hemoteq AG production facility in Aachen, Germany, one of the most important life science hotspots in Europe.
Through the acquisition of Hemoteq in 2015, Freudenberg Medical expanded its portfolio to include drug coating solutions for balloon catheters and stents as well as hydrophilic coatings. “Hemoteq and Freudenberg joining forces is a great success story,” said Dr. Michael Hoffmann, CEO and founder of Hemoteq, during the groundbreaking ceremony for the new site. “Our business has grown exponentially over the last 10 years. With this new facility, we are not only expanding our capabilities but also reaffirming our roots in the region.”
Vertically integrated solutions to meet customer needs
The company will triple its manufacturing footprint with the new 130,000 sq. ft. facility in Alsdorf, located near the existing site. With its ISO Class 7 cleanrooms, laboratories, and offices it will serve as a hub for research, development, and production, driving innovation in medical coatings.
The predicted global market value of drug device combination products is 180 billion USD annually by the end of the decade. “The convergence of medical devices and drugs is inspiring a new generation of innovative products that fundamentally improve patients’ outcomes,” says Dr. Mark Ostwald, CEO of Freudenberg Medical. “With this innovation driven investment, we are strengthening our position as a strategic partner to our customers, offering vertically integrated solutions along the entire supply chain.”
Commitment to innovation and sustainability
The existing industrial building at the site is currently being converted to meet the highest medical technology as well as environmental and energy efficiency standards. A company-owned PV solar power plant will generate the energy needed to operate the site. Charging stations will enable emission-free commuting, energy recovery from the exhaust air of the clean rooms will be used for heating and an existing heavy oil tank will be converted into a cistern for rainwater utilization. “This brownfield project is a testament for our commitment to innovation and a sustainable future,” said Dr. Peter Hackenschmied, CTO of Hemoteq, “We take over responsibility for the community in which we are at home, as well as for our environment.”
The first employees have been working at the new site since April 2024 in a development cleanroom adjacent to the main building. The site will be fully occupied by the end of 2026. Recruitment for the 150 additional positions in operations and R&D has already begun. With a total area of 440,000 sq. ft., the site offers space for future expansion to reliably serve customers with advanced medical coatings – now and in the future.
Freudenberg Medical and Hemoteq AG leadership team participated in the groundbreaking ceremony on June 10, 2024. From left to right: Dr. Peter Hackenschmied, CTO Hemoteq, Dr. Mark Ostwald, CEO Freudenberg Medical, Dr. Michael Hoffmann, CEO Hemoteq, Dr. Max Kley & Michael Maurer, supervisory board members of Hemoteq.
For high resolution please click the image.
About Freudenberg Medical
Freudenberg Medical is an innovative partner for the design, development and manufacture of medical devices and components that play a critical role in a variety of medical and pharmaceutical applications. With 11 manufacturing operations and more than 2,800 associates worldwide, Freudenberg Medical offers a wide range of capabilities from complex catheters, hypotubes, needles, balloons, and coating solutions for minimally invasive products to precision molded components and biopharmaceutical tubing.
Freudenberg Medical is part of the Freudenberg Group, a global technology group that strengthens its customers and society long-term through forward-looking innovations. Together with its partners, customers, and research institutions, the Freudenberg Group develops leading-edge technologies and excellent products and services for about 40 markets and for thousands of applications: seals, vibration control components, technical textiles, filters, cleaning technologies and products, specialty chemicals, medical products, batteries and fuel cells. Innovation strength, strong customer orientation, diversity, and team spirit are the cornerstones of the Group. The 175-year-old company lives by its core values: a commitment to excellence, reliability and proactive, responsible action. In 2023, the Freudenberg Group employed over 52,000 people in around 60 countries worldwide and generated sales of more than €11.9 billion. For more information, please visit www.freudenberg.com
About Hemoteq
Hemoteq AG was founded in 1999 by Roland Horres and Dr. Michael Hoffmann as spin-off company from the RWTH Aachen University. The company is presently headquartered in Würselen, Germany, and employs over 280 associates. Hemoteq is a leading contract development and contract manufacturing organisation (CDMO) for device drug combination products (DDCP), specialty coated medical devices and components. With a proven track record in advanced coating design, product and process development, regulatory strategy, volume production of DDCP and specialty coated components, Hemoteq is pivotal in the innovative field of drug eluting stents and drug coated balloon catheters.
Contact
Freudenberg Medical
Laura Kirstein
Director Marketing Communications
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Keywords: Equipment and Supplies; Manufacturing and Industrial Facilities; Investments; Electrophysiology; Cardiac Electrophysiology; Catheters; Stents; Germany; Freudenberg Medical; Expansion; Coatings Business; New Production Facility; Investment; Drug Coatings; Hydrophilic Coatings; Medical Devices; Aachen; Germany; Hemoteq AG; Balloon Catheters; Stents; Drug Device Combination Products; Sustainability; PV Solar Power Plant; Emission-Free Commuting; Energy Recovery; Rainwater Utilization; Advanced Medical Coatings; Freudenberg Group; 11 Manufacturing Operations; Catheters; Hypotubes; Needles; Balloons; Minimally Invasive Products; Precision Molded Components; Biopharmaceutical Tubing; Hemoteq AG; Drug Eluting Stents; Drug Coated Balloon Catheters
Source: Biotech Newswire