Biomet plans $40.5 million upgrade, 150 jobs

Medical device maker Biomet Inc. is planning a $40.5 million expansion company officials say would create 150 high-paying new jobs at Biomet's northern Indiana operations by 2018.

Biomet's project calls for building renovations and adding 3-D printing and optical scanning technology. The Warsaw-based company would also upgrade a center where surgeons interested in introducing a new product, technology or technique can explore the idea with an expert.

The Journal Gazette reports Biomet's global vice president of finance presented the project Thursday to the Kosciusko County Council, which voted unanimously to move the company's request for incentives to the next stage.

Paperwork prepared by the company says the jobs the expansion would bring are projected to pay $75,000 a year on average and will be added in stages.