This solution comes at a time when manufacturing companies are facing intense pressure to reduce costs and expand margins while simultaneously addressing global supply chain risks. According to research, 51% of manufacturing leaders reported in 2023 a desire to increase nearshoring as part of their global supply chain strategy.

This solution comes at a time when manufacturing companies are facing intense pressure to reduce costs and expand margins while simultaneously addressing global supply chain risks. According to research, 51% of manufacturing leaders reported in 2023 a desire to increase nearshoring as part of their global supply chain strategy.

Fictiv, a global manufacturing company, today announced the release of its ninth-annual State of Manufacturing Report—an industry-leading survey of...

DeviceTalks is a conversation among medical technology leaders. It's events, podcasts, webinars and one-on-one exchanges of ideas & insights.

"We are seeing strong demand for shorter supply chains that mitigate the risk of disruption for critical production programs," said Ernesto Chacon, General Manager of Fictiv Mexico. "Mexico is a growing powerhouse for production manufacturing, and we're proud to provide our customers with unprecedented access to high-quality supply in new and emerging regions."

Subscribe to Medical Design & Outsourcing. Bookmark, share and interact with the leading medical design engineering magazine today.

Setting up supply chains in new global regions is typically a very time and cash-intensive investment for manufacturing companies that can be prohibitive. Through its global network of highly-vetted manufacturing partners, digital quote-to-order platform, and regional teams around the world, Fictiv simplifies the process of setting up new supply chains, providing a faster, more economical path to market for manufacturing companies of all sizes.

The Medical Device Business Journal. MassDevice is the leading medical device news business journal telling the stories of the devices that save lives.

“Isometric’s proprietary tooling and process technologies for micro-molding have positioned them as trailblazers in achieving single micron tolerances,” Nissha said in the announcement. “Their micro-formed products have significantly contributed to the miniaturization of endoscopic and surgical devices, enhancing functionality and driving improved patient outcomes. With in-house expertise in tool making, molding process controls, advanced metrology, micro 3D printing, and micro-assembly automation platforms, Isometric has become a trusted solution provider in the design, development, and manufacturing of micro-formed parts.”

Isometric Micro Molding manufactures miniaturized parts and components for medical devices. [Photo courtesy of Isometric Micro Molding]

“Our combined strength is set to redefine the landscape of minimally invasive surgical instruments and surgical robotics,” Nissha said. “Together, we aim to meet the evolving needs of medical devices, enhancing component miniaturization and improving the maneuverability of small and precision components, ultimately contributing to improved medical efficiency.”

Isometric Micro Molding CEO Donna Bibber and President Wayne Shakal purchased the medtech supplier in 2021. New Richmond, Wisconsin–based Isometric is an ISO 13485 certified micro-molding service provider with “ultra-precise capabilities with microscopic polymer components and sub-assemblies” for sensors, transdermal patches, life science disposables, sheaths, anchors, capillaries, robotic surgery systems and neurovascular implants.

Nissha said the deal will build on its recent capital and business partnership with EndoTheia, which designs and develops endoscopic devices.

Copyright © 2024 WTWH Media, LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media LLC. Site Map | Privacy Policy | RSS

Fictiv, a global manufacturing company, is proud to announce that it has been named a 2024 Great Supply Chain Partner by SupplyChainBrain. This...

SAN FRANCISCO, April 9, 2024 /PRNewswire/ -- Fictiv, a global manufacturing company, today announced a new hybrid injection molding solution for original equipment manufacturers (OEMs) who need the best possible tooling craftsmanship for reliable nearshore production. Through Fictiv's global manufacturing network, OEMs can seamlessly order high-quality, production-grade tools manufactured in China in as fast as 4 weeks and then transferred to Mexico. This service provides the best total cost of ownership for molding in Mexico, including expert tool packaging and transfer to Mexico from China, bringing together the best of all worlds.

OEMs can now source economical steel tools manufactured overseas and shipped to Mexico for reliable, nearshore production—seamlessly through Fictiv's global manufacturing network.

Fictiv is a global manufacturing company that simplifies sourcing for custom manufacturing, from prototype to low-volume production. Through its highly-vetted manufacturing network, AI-powered technology platform, and global operations centers across the USA, Mexico, India, and China, Fictiv delivers fast, high-quality custom manufacturing services from quote to delivery. Fictiv's capabilities span the full mechanical bill of materials, including Injection Molding, Compression Molding, 3D Printing, CNC Machining, Die Casting, and Sheet Metal. To date, Fictiv has delivered more than 30 million commercial and prototype parts for early-stage companies and large enterprises alike, helping them innovate faster, free up precious resources, and drive profitable growth.

“This strategic agreement aligns seamlessly with our mission to deliver high-quality, value-added products in the global medical device market,” Nissha said in an announcement.

Nissha Medical Technologies (a subsidiary of Kyoto, Japan-based Nissha Co.) is a contract development and manufacturing organization (CDMO) focused on minimally invasive surgical instruments and wearable devices. Nissha will take a majority stake in Isometric Intermediate LLC., which owns the Isometric group of companies.

This new offering from Fictiv provides customers unprecedented global supply chain flexibility and enables companies to increase their supply chain stability, lower tooling costs, reduce tariffs and shipping costs, and increase supply chain speed.