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Business & Finance
Healthcare company announces transfer of manufacturing part of Erie operations to Mexico
February 27th, 2006
STERIS Corporation (STE) announced that the company is transferring the manufacturing portion of its Erie, Pennsylvania, operations to Mexico. The announcement follows a detailed analysis of cost reduction alternatives. The company anticipates pre-tax savings of approximately $20 million annually in the first full fiscal year after this transfer is completed, which is expected to be in the summer of 2007. STERIS manufactures sterilization equipment at the Erie facility for its healthcare and life science business segments. Approximately 450 employees at the facility are associated with manufacturing and close to 230 employees serve in a variety of...
Source: Pharma Business Week (2006-02-27)
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