Wednesday, June 18, 2008
From the BIO floor: Andorran med device firm coming to Bay State
By Catherine Williams, Special to Mass High Tech
Live Coverage from Bio 2008: June 17, 2008
Massachusetts state officials plan to unveiled Wednesday that a European medical device company plans to expand in Massachusetts.
Soadco SL, which is based in Andorra, plans to locate its U.S. headquarters and manufacturing in Massachusetts, according to state officials. The company specializes in dental implants. Soadco officials have already established a U.S. subsidiary, known as Klockner of North America in Boston. Eduardo Vivas, CEO of Klockner, said the company plans to build a manufacturing facility in Cambridge or Waltham. Once the manufacturing plant is complete, Vivas said, the company plans to add as many as 100 more jobs.
The expansion would mark the first win for Gov. Deval Patrick and other lawmakers including Senate President Therese Murray and House Speaker Salvatore DiMasi who are at BIO 2008 in San Diego this week touting the state’s new life sciences law.
There are 77,247 life sciences workers in Massachusetts as of 2006, according to a study commissioned by the quasi-state agency the Massachusetts Life Sciences Center. The work force grew by 8 percent between 2001 and 2006, according to the study.
Christa Bleyleben, executive director of Business Development at the Massachusetts Office of International Trade & Investment, told Mass High Tech earlier this week that an Andorra-based company planned a “sizeable job count” in Massachusetts.
Nestled between France and Spain, Andorra is two-and-a-half times the size of Washington, D.C. with a population of 72,413 residents.
Gov. Deval Patrick made the announcement in San Diego Wednesday to an audience of 250 people at breakfast hosted by the Massachusetts Office of International Trade & Investment.
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