Stratasys Unveils 90,000-Sq.-Foot Expansion
Eden Prairie-based Stratasys, Inc., on Tuesday unveiled a 90,000-square-foot addition that provides the company with double its manufacturing capacity.
The improvement to the facility located at 6855 Shady Oak Road in Eden Prairie-about four miles from Stratasys' headquarters-cost the company $6.5 million. Stratasys also invested $3 million in production equipment at the new building.
The company bought the building last year for $3 million and finished outfitting it in July.
Stratasys said the new space gives it the potential to manufacture up to 10,000 3D printers per year and to streamline its warehouse and shipping operations. While the company expects to move its manufacturing operations to the new facility later this year, a Stratasys spokesman told Twin Cities Business that the company will not significantly increase production right away and hence will add only a “small number of jobs.” He added that the company hopes to gradually expand production over time.
“Although we don't need the entire capacity immediately, we are planning for it now,” Larry Doerr, senior vice president of research and development and operations, said in a statement. “You don't wait until your capabilities are overwhelmed and the demand is upon you. That's how you miss opportunity.”
Stratasys makes manufacturing machines for prototyping and producing plastic parts and sells its products under the Fortus 3D Production Systems and Dimension 3D Printers brands. It is among Minnesota's 75-largest public companies based on revenue, which totaled $117.1 million in 2010.