2017 was a successful year, we are truly grateful to our entire staff whose efforts and dedication anchor and enhance the day-to-day of our operation and our ability to provide the highest quality products and services to our customers. The medical device industry saw the continuation of significant mergers, acquisitions, and joint ventures in 2017. After nearly 50 years in the industry, we understand the value and critical need to reinvest in one’s business to ensure continued growth, the ability to remain competitive and have to tools needed to innovate our way to further growth.
To that end, we’re proud to report that all strategic capital investments and improvement goals for 2017 were met, and more are scheduled in 2018. Since last August, we systematically decommissioned outdated equipment and replaced each with the latest technological equivalent. This updated equipment has since helped improve our manufacturing speed and capacity without the need for additional large-scale capital expansion. PPI is expecting a new Mill Turn TRAUB, as a result of a lean event implemented for Stryker shoulder products and a 4th Milano system will be added to produce newly contracted work for another of our large OEMs.
Medicraft has also decommissioned and replaced outdated equipment and more recently installed a new Lismac Rough and Final finishing unit. However, the most significant capital investment of the year is, of course, our new delivery systems facility. After nearly a year in the making, the new facility is scheduled to be open and operational by Spring of 2018.
Capital investments and improvements such as these allow PPM to compete more effectively and continue to increase the type market share that will ensure continued growth for years to come.