New Markets Tax Credit Coalition

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  • Brunswick,
  • ME
  • (2012)

Molynlycke Health Care manufacturing

District: Chellie Pingree (D-ME01)

The purchase and installment of medical manufacturing equipment at US processing facility of Mölnlycke, a Swedish-owned wound-care manufacturing, eliminating need to ship product overseas for conversion.

Investment

  • NMTC Amount: $14,265,000
  • Total Project Cost: $14,675,889

IMPACT

  • 70 FTE jobs
  • 15 construction jobs

CDEs

Investor

Project Description

Funds the purchase and installment of medical manufacturing equipment at US processing facility of Mölnlycke, a Swedish-owned wound-care manufacturing, eliminating need to ship product overseas for conversion. Rynel, Inc – manufacturer of single-use surgical and wound care products – added 85 new jobs in Brunswick in addition to retaining 80 existing Wiscasset jobs in an area where the BRAC closure cost 6,000 jobs.

MAP

Address: 192 Admiral Fitch Avenue, Brunswick, ME 4011

Census Tract: 23005011100

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