Cook Medical Inc. had been planning to open five new manufacturing plants over the next five years in small communities around the Midwest, including Indiana, but has shelved those plans because of the hit it will take from a new U.S. tax on medical devices.
The Bloomington-based medical device maker estimates it will pay between $20 million and $30 million once the tax takes effect in January, Pete Yonkman, executive vice president of strategic business units at Cook Medical, said this week.
Read more at Indianapolis Business Journal
Saturday, July 28, 2012
Cook Medical shelves Midwest expansion plans
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1 comments:
It is sad to know that some companies would not open their plants because they do not have enough budget for it. More and more people would lose the chance of having a job.
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